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Weekly Indicators: introducing the Billion Prices Project edition

By: New_Deal_democrat

Monthly reports for February included new home sales, which set a new post-recession high, and existing home sales, also higher, and a higher CPI, Durable goods were down for the 4th time in 6 months, and the University of Michigan sentiment indicator improved from its first March reading, but has continued to back off its January post-recession high. Read more

XE Market Analysis: Asia - Mar 27, 2015

By: XE Market Analysis

The dollar was mixed overall in N.Y. trade on Friday, though the USD index did fall marginally to 96.99 lows. The revised Q4 U.S. GDP data missed the mark and put some pressure on the greenback early on, the greenback later made inroads against the yen CAD and pound. Read more

Mixed messages from 3 forward-looking aspects of GDP

By: New_Deal_democrat

This morning's final revision to 4th quarter 2014 GDP actually contained 3 pieces of forward-looking data. One was positive, one negative, and one mixed. Let's start with the positive: gross domestic income. GDI is the opposite side of the accounting ledger from GDP, and it is generally thought that GDP over time resolves in the direction of GDI. Read more

International Economic Week in Review: Euro Turnaround May Be In Process Edition

By: HaleStewart

Let’s start by looking at the US, where housing news was very positive: existing home sales increased 1.2% and new home sales were up 7.8% (both figures are M/M). On the negative side were durable goods orders, which decreased 1.4%. This latest contraction continues a recent trend of disappointing headline numbers: The weak readings also correspond to the dollar’s rally, which is probably a primary cause of the slowdown. Read more

XE Market Analysis: North America - Mar 27, 2015

By: XE Market Analysis

The dollar retained yesterday's firmer tone. EUR-USD dove to a low-so-far of 1.0801, making a lower low on the daily chart as the pair extended the decline seen yesterday in the wake of firm U.S. data. The move broke the 20-day moving average back into scope, at 1.0833, which now reverts as a resistance level. Read more

XE Market Analysis: Europe - Mar 27, 2015

By: XE Market Analysis

EUR-USD made a lower low on the daily chart during the Asia session, extending the decline seen yesterday in the wake of firm U.S. data. This brings the 20-day moving average back into scope, at 1.0833. Key resistance is now marked at 1.1050-52, which encompasses the daily highs of yesterday and Mar-17. Read more

XE Market Analysis: Asia - Mar 26, 2015

By: XE Market Analysis

The dollar started the session at lows if the day, though moved broadly higher from there. Treasury yields moved higher, providing some support, though Wall Street sold off sharply at the open. EUR-USD managed 1.1022 highs, though for the third straight session, ran into solid selling interest over the figure. Read more

Housing update for March 2015: so far, so positive this year

By: New_Deal_democrat

With all of the February numbers for the housing market reported, let's update this look at housing.  Remember that housing is the single most important factor leading the overall economy, as changes in housing will feed through into the broader economy over the next 12+ months. Read more

XE Market Analysis: North America - Mar 26, 2015

By: XE Market Analysis

News of the Saudi-led military intervention in Yemen saw oil prices rally and the dollar decline. USD-JPY led the way in forex markets, dipping below 119.00 for the first time in a month, while EUR-JPY fell to three-day lows. The spike in oil prices hit stock prices, and the yen gained amid its usual inverse correlation to risk appetite in financial markets. Read more

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