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YoY CPI up 1.5% in January, still on track for +1.0% in February

By: New_Deal_democrat

Last week I wrote that this winter's continuing cheap gas prices may give us the lowest inflation rate in 50 years, excluding the deflation during the Great Recession. Read more

XE Market Analysis: North America - Feb 20, 2014

By: XE Market Analysis

Risk-off ensued following disappointing PMI data out of the Eurozone and China. This underpinned the yen and Swiss franc, while the euro came under particular pressure as the PMI outcome will favour the dovish arguments on the ECB board. The AUD also made fresh lows, though managed to recover somewhat during the European AM session. Read more

XE Market Analysis: Europe - Feb 20, 2014

By: XE Market Analysis

Risk-off ensued following disappointing China data, with the HSBC-Markit flash manufacturing PMI underwhelming at 48.3 in February, below the median expectation for 49.5. Japan's January trade data also showed the deficit widening more than forecast, to Y2.97 bln (a new record), while Moody's warned that China slowdown is posing risks for the likes of South Korea, Hong Kong, and Singapore. Read more

XE Market Analysis: Asia - Feb 19, 2014

By: XE Market Analysis

The dollar was mixed in morning trade, following in-line PPI and soft housing starts data. EUR-USD climbed marginally to 1.3765 after opening near 1.3740, while USD-JPY moved up from 10190 to highs over 102.40. USD-CAD firmed on weak Canadian data, while cable recovered the 1.67 handle. Read more

Will the 1.38 Level Again Provide Resistance For the EUR/USD Pair?

By: HaleStewart

Above is a chart of the EUR/USD pair, which has hit resistance at 1.38 on three separate occasions over the last six months -- once in October and twice since last December. The question, of course, is why? Starting mid-2013, the news mix between the EU and US was decidedly stronger coming from the EU. Read more

XE Market Analysis: North America - Feb 19, 2014

By: XE Market Analysis

The USD is mixed, moderately firmer against the JPY and GBP, but modestly lower versus the EUR. EUR-USD eked out a fresh high for the year of 1.3773 in the early Asia session, but couldn't maintain momentum and since settled back in the mid-1.37 levels, posting a low of 1.3745 in London. Read more

XE Market Analysis: Europe - Feb 19, 2014

By: XE Market Analysis

The main currencies have been pretty steady ahead of a batch of risk events on Wednesday, though risk appetite remained positive in Asia as stocks were generally higher across the region, except Tokyo, which correction moderately after the very gains that were seen yesterday. Read more

XE Market Analysis: Asia - Feb 18, 2014

By: XE Market Analysis

The dollar was mostly lower in N.Y. trade on Tuesday, taking EUR-USD to one-month highs over 13770, and seeing USD-JPY give back some of its post BoJ gains, settling in near 102.30. USD-CAD was a bit softer on better risk taking, and higher commodity prices, though remained solidly inside of recent ranges. Read more

Pound Breaks Through Resistance; But Beware US Weather Influences

By: HaleStewart

Above is a chart of the pound/dollar. For most of February, the pound has been rallying versus the dollar, rising from a low of ~1.63 to a high of ~1.68 for a total trough to peak gain of about 3%. The reason for this move is the strength of UK data over that in the US. Read more

XE Market Analysis: North America - Feb 18, 2014

By: XE Market Analysis

EUR-USD edged out a three-week high of 1.3734, reflecting on this occasion general euro perkiness as the dollar itself firmed against the yen, sterling and most other currencies. The euro move came despite a disappointing German ZEW survey outcome, which cited concerns about the possible global impact from the recent slowdown in U.S. Read more

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