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XE Market Analysis: Europe - Aug 13, 2014

By: XE Market Analysis

Narrow ranges prevailed once again in Asia in a data rich session, and despite a 6.8% q/q drop in Japanese Q2 GDP. A batch of Chinese data were mixed, though news that aggregate financing grew at its slowest pace since October 2008 weighed on stock markets in Asia . Read more

XE Market Analysis: Asia - Aug 12, 2014

By: XE Market Analysis

A lack of data, and a relatively neutral risk backdrop resulted in the dollar being mired inside of narrow trading ranges in N.Y. on Tuesday. EUR-USD held above the trend low of 1.3333, basing at 1.3337, before slowly making its way over 1.3365 on short covering. Read more

Two Warning Signs From Germany

By: HaleStewart

The EU union is teetering on the brink right now. Italy printed negative GDP growth in its most recent reading. France (the EUs second largest economy) has recently had weak readings from the Markit manufacturing and service surveys (47.8 and 50.4, respectively). Read more

XE Market Analysis: North America - Aug 12, 2014

By: XE Market Analysis

The dollar maintained a firm tone, make fresh highs against some currencies, including euro, sterling, yen and the Aussie. Weak data out of the Eurozone and the U.K. aided the dollar's path, while markets are also anticipating more recovery-affirming data out of the U.S. Read more

XE Market Analysis: Europe - Aug 12, 2014

By: XE Market Analysis

The dollar rose across-the-board during pre-Europe trade in Asia. Stock markets extended rebound gains in Asia amid the abatement in geopolitical tensions, while markets are anticipating recovery-affirming data out of the U.S. this week, in contrast to the Eurozone, where Q2 GDP is expected with a negative print. Read more

XE Market Analysis: Asia - Aug 11, 2014

By: XE Market Analysis

FX trade was fairly sluggish in N.Y. on Monday, with no data to provide direction. The dollar was mixed, though traded ranges were narrow overall. EUR-USD edged into 1.3380 from early highs near 1.3396, with uncertainty in the Russia/Ukraine crisis keeping both euro bulls and bears hemmed in. Read more

XE Market Analysis: North America - Aug 11, 2014

By: XE Market Analysis

EUR-USD drifted back under 1.3400, correcting some of Friday's gains in quiet early-week trade. Friday's price action was a short squeeze driven by news of a possible Russian-led de-escalation in the Ukraine. News that Russia has finished military jet exercises and another ceasefire between Israel and Palestine helped stock markets in Europe, though the geopolitical situation in both the Mideast and Ukraine remains convoluted. Read more

XE Market Analysis: Europe - Aug 11, 2014

By: XE Market Analysis

Narrow ranges have prevailed in early-week trade with a rebound in Asian equities not finding an FX expression. The geopolitical situation remains convoluted; news of a new three-day truce between Israel and Palestine is offset by a collapse in talks for a truce in Ukraine. Read more

Weekly Indicators: lazy dog days of August editioin

By: New_Deal_democrat

In the rear view mirror, 2Q productivity increased, but only reversed part of its Q1 decline. Unit labor costs were slightly higher, and Q1 unit labor costs were revised substantially higher.  June factory orders increased. July's ISM services index rose strongly to nearly a decade high. Read more

International Week in Review: The ECB Blows It, Edition

By: HaleStewart

The biggest news this week was the ECB’s interest rate decision, where the central bank voted to keep rates at .15% without engaging in any other action. This despite an economy clearly teetering on the brink. Retail sales printed conflicting numbers: retail sales increased 2.4% Y/Y, but the EU retail index printed at 47.6, indicating the sector is in a technical recession. Read more

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