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XE Market Analysis: Asia - Oct 22, 2014

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Wednesday, gaining ground against the euro, CHF and yen, while stumbling against the euro, and losing ground to the CAD following a not-so-dovish BoC policy statement. Talk of the ECB's plan to buy corporate bonds kept pressure on the euro, while USD-JPY held over 107 after U.S. Read more

Simple Supply and Demand Sending Oil Prices Lower

By: HaleStewart

James Hamilton, who blogs over at Econbrowser, has done extensive research into the macro-level effects of oil prices. His research has concluded that a large percentage of post-WW II recessions have been caused by oil price shocks. In addition, oil is one of the most important variables effecting inflation calculations and consumer spending. Read more

XE Market Analysis: North America - Oct 22, 2014

By: XE Market Analysis

The dollar was generally firm. EUR-USD lost about half a big figure from on the early London high at 1.2939, taking the pair back below 1.27. The mvoe was prompted by Spanish news agency Efe reporting that 11 banks from six European countries are likely to fail the stress tests, which are due to be published on Sunday (Oct-26), though the ECB has since dismissed this has "highly speculative." Cable dipped to six-day lows on the BoE minutes to the October MPC meeting, which took the pair to the low 1.60s from levels near 1.6065 seen just ahead of the release and down from the intraday high at 1.6130. Read more

XE Market Analysis: Europe - Oct 22, 2014

By: XE Market Analysis

The dollar is trading marginally firmer relative to yesterday's London closing levels. This extends the theme established yesterday in the wake of the Reuters report that the ECB is planning on buying corporate bonds in the secondary market, which sparked a EUR-USD sell-off. Read more

XE Market Analysis: Asia - Oct 21, 2014

By: XE Market Analysis

The dollar was again firmer versus the major European currencies in N.Y. trade on Tuesday, as the euro lost ground on reports the ECB may begin to buy corporate bonds. The Reuters report was downplayed by the FT, though EUR-USD spent the session slipping slowly lower, touching 1.2717 lows, after opening near 1.2775. Read more

XE Market Analysis: North America - Oct 21, 2014

By: XE Market Analysis

EUR-USD took a dive on a report about the ECB, which is apparently preparing to buy corporate bonds, according to a Reuters "exclusive" that states that a program could be implemented early next year (see report). The news saw EUR-USD dive to the 1.2760 area after trading as high as 1.2840 earlier. Read more

XE Market Analysis: Europe - Oct 21, 2014

By: XE Market Analysis

The dollar has traded mostly softer with USD-JPY sinking as Japanese stocks correcting nearly half of yesterday's 4% surge and the AUD lifting on an encouraging set of China data, which included an uptick in Q3 GDP to 7.3% and solid readings on production, investment, output, offsetting a slight shortfall on retail sales in September. Read more

XE Market Analysis: Asia - Oct 20, 2014

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Monday, with a lack of U.S. data to drive the dollar. Overall, the USD was mixed, losing modest ground to the European majors, as it moved sideways versus the ten, and advancing against the CAD. Yields were steady, while Wall Street moved higher, though the DJIA underperformed as a result of Dow-component IBM selling off sharply on missed earnings. Read more

XE Market Analysis: North America - Oct 20, 2014

By: XE Market Analysis

The dollar arrived at noon in Europe at near net-unchanged levels against most currencies. USD-JPY was an exception amid a bout of general yen weakness in Tokyo trade. Japan's Nikkei surged nearly 4% on news that Japan's Government Pension Investment Fund is rising the ratio of domestic stocks to 25% from 12% (plus or mines six percentage points). Read more

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