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XE Market Analysis: Europe - Apr 03, 2014

By: XE Market Analysis

USD-JPY rose for a four consecutive day and breached above 104.00 for the first time since Jan-23, as the yen continued the softening trend that's been in place since the start of the new fiscal year in Japan. Markets continue to anticipate a further BoJ easing to offset the sales tax hike that was implemented this week. Read more

XE Market Analysis: Asia - Apr 02, 2014

By: XE Market Analysis

The dollar firmed up through the N.Y. session on Wednesday, as a solid March ADP employment survey, and stronger factory orders helped U.S. Treasury yields, and Wall Street higher. EUR-USD also suffered from pre-ECB position squaring, as Despite some downplaying of ECB QE action this week, it appeared some would rather be safe than sorry holding euros into the meeting. Read more

XE Market Analysis: Europe - Apr 02, 2014

By: XE Market Analysis

The JPY made fresh lows against the USD, EUR and other currencies, while news of a sizable earthquake in northern Chile had little market impact beyond a short-lived pop in copper prices (Chile is the world's biggest copper producer). Stock markets in Asia rallied, following the lead of Wall Street and Europe on Tuesday, where rallies were in part fuelled by report that at least some Russian troops had pulled back form the border with the Ukraine. Read more

Is It Time To Become Optimistic About the EU?

By: HaleStewart

The EU is an economic and investing conundrum right now. Unemployment is still very high; while it appears to be cresting, there is little indicating we're seeing a meaningful reduction in this key metric. Employment is still very weak and loan growth is still negative. Read more

Corporate profits as a leading indicator for stock prices an update

By: New_Deal_democrat

Last November I wrote [http://community.xe.com/forum/xe-market-analysis/yoy-reported-corporate-profits-leading-indicator-stock-prices] that, since corporate profits are a long leading indicator, and stock prices a shorter leading indicator, then contrary to received wisdom, reported corporate profits ought to bear some leading relationship to stock prices, and indeed they do: "[C]orporate profits tend to turn about 12 months before stock prices. Read more

XE Market Analysis: North America - Apr 02, 2014

By: XE Market Analysis

Trade has been characterized by a EUR dip following an MNI report of an ECB source, along with NATO warning that Russia remains a threat to the Ukraine. The JPY had also posted fresh lows against the USD and most other currencies during the Tokyo session before subsequently steadying during the European morning. Read more

XE Market Analysis: Asia - Apr 01, 2014

By: XE Market Analysis

The dollar was mixed in fairly quiet N.Y. trade on Tuesday, as EUR-USD briefly reclaimed the 1.38 handle, and USD-JPY ran up to highs of 103.70. USD-CAD moved under 1.1015, though solid support is expected at 1.1000. Cable meanwhile, recovered from lows under 1.6620. Read more

XE Market Analysis: North America - Apr 01, 2014

By: XE Market Analysis

The USD traded moderately firmer against the JPY and most currencies, though softer against the EUR following a decent set of data out of the Eurozone. Markets have now all but priced out any chance of an immediate ECB easing, had this was reflected by a narrowing in U.S. Read more

XE Market Analysis: Europe - Apr 01, 2014

By: XE Market Analysis

No big movements among the main currencies today. China's official manufacturing PMI for March came in fractionally above expectations at 50.3 while the HSBC-Markit version came in fractionally below expectations at 48.0. Japan's Tankan report on business sentiment came in shy of expectations, with sentiment among large manufacturers at 17 in March, up from 16 in December but below the consensus forecast for 20. Read more

XE Market Analysis: Asia - Mar 31, 2014

By: XE Market Analysis

FX Trade was relatively quiet to end the quarter in N.Y. on Monday, with the dollar mostly lower overall. Equities surged on month-end window dressing, while Treasury yields plied fairly narrow ranges. EUR-USD found resistance over 1.3800, and into the ECB meeting, and we look for a top near the figure, as traders price in some ECB easing. Read more

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