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XE Market Analysis: North America - Mar 05, 2014

By: XE Market Analysis

The USD has been bid on the back of the 10 bp surge the U.S. Treasury yield saw yesterday (which has since been holding near 2.70%). USD-JPY logged a one-week high of 102.43, which brings the 50-day moving average at 102.53 into scope. EUR-USD sank to a new low for the week at 1.3707. Read more

XE Market Analysis: Europe - Mar 05, 2014

By: XE Market Analysis

The AUD saw some chop in otherwise steady-with-narrow-ranges for the main currencies during pre-European trading in Asia. Wall Street closed with a solid gain Tuesday and the MSCI Asia Pacific equity index built on yesterday's recovery gains, showing a 0.8% gain at the time of writing, still reflecting the abatement in geo-political concerns over the Ukraine situation. Read more

XE Market Analysis: Asia - Mar 04, 2014

By: XE Market Analysis

The dollar firmed up in N.Y. trade, after showing signs of weakness early in the session. Russia's apparent pull back from the brink saw U.S. equities more than recover Monday's steep losses, taking the S&P 500 to fresh record highs. This seemed to help the dollar some, though EUR-USD softness was a leading factor as well. Read more

An important milepost in the loosening of the Oil choke collar

By: New_Deal_democrat

First of all, I'd like to than Prof. Krugman for confirming a point I've been making for the last year. He says: short-run fluctuations in the inflation rate are more or less entirely about gasoline prices, which affect headline and even, to some extent, core inflation via their impact on costs. Beyond that, as I've been saying for a very long time, historically high gas prices since 2010 have acted like a governor on the US economy, preventing it from ever achieving "escape velocity." In that regard, as of this week we are hitting an important milepost on the journey of the loosening of that choke collar. Read more

XE Market Analysis: North America - Mar 04, 2014

By: XE Market Analysis

An unwinding of risk-off positioning was prompted by signs that Russia is de-escalating the Ukrainian crisis. Moscow ordered its troops engaged in military exercises near the Ukrainian border back to base. Putin subsequently said that Russia would only use force as a last resort and that he his not thinking of annexing Crimea, although the people there should have the right to self-determination. Read more

XE Market Analysis: Europe - Mar 04, 2014

By: XE Market Analysis

News reports that Russia ordered its troops engaged in military exercises back to base has seen some of the risk-off positioning in global markets reverse. Russia's MICEX opened up 3.5% after being hammered yesterday, when it closed with a 10.7% loss, while the Ruble has also opened over 0.5% higher against both the USD and the EUR. Read more

XE Market Analysis: Asia - Mar 03, 2014

By: XE Market Analysis

The dollar traded with a firmer bias through the N.Y. session, catching a bit of a safe-haven backed bid in the wake of developments in the Ukraine. In addition, better ISM and contsruction spending helped the greenback, depiste equities falling sharply, and yields staying down. Read more

Markit Manufacturing Data Points to EU Growth

By: HaleStewart

Today Market released the final manufacturing numbers for the EU.  The report made the following general observation about the region: Read more

XE Market Analysis: North America - Mar 03, 2014

By: XE Market Analysis

A risk-off theme prevailed on an escalation in geopolitical tension over Ukraine, a test firing of two missiles by North Korea, and a eight-month low in the official China manufacturing PMI. The USD was mixed, up on the CAD, net flat against the EUR and GBP, while lower against the outperforming JPY and the CHF in the usual currency risk-off pattern. Read more

XE Market Analysis: Europe - Mar 03, 2014

By: XE Market Analysis

A risk-off theme prevailed on an escalation in geopolitical tension over Ukraine, a test firing of two missiles by North Korea, and a seven-month low in the HSBC-Markit manufacturing PMI for China (48.5 in February after January's 49.5). The official China PMI also came in at an eight-month low of 50.2. Read more

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