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XE Market Analysis: Asia - Dec 09, 2013

By: XE Market Analysis

FX trade was fairly quiet in N.Y. on Monday, and the dollar was mixed overall, posting modest gains versus the yen, remaining nearly flat against the euro, and losing ground to sterling and the CAD. There was no data to drive trade, though modest Wall Street gains indicated risk appetite holding up, despite the increased threat of Fed tapering following last week's jobs report. Read more

XE Market Analysis: North America - Dec 09, 2013

By: XE Market Analysis

EUR-USD popped to a fresh six-week peak of 1.3729, continuing the upward run we've saw on Thursday and Friday following the unexpected reluctance of the ECB to detail further easing measures. EUR-JPY was a driven in early London trade, reportedly on the back of model fund buying, though the cross stalled just shy of the 141.55 high posted in the early Asia session. Read more

XE Market Analysis: Europe - Dec 09, 2013

By: XE Market Analysis

Asia markets were mostly in risk-on mode following stronger than expected China exports and biggest trade surplus since 2009, which helped offset sub-expectations Japanese GDP while backing up Friday's solid U.S. jobs report. The AUD popped higher in early trade, though failed to sustain gains, and moderate yen weakness following disappointing Japanese GDP figures, which has revived market talk about the possibility of fresh monetary stimulus by the BoJ, has been the main theme in pre-European open trade in Asia. Read more

Weekly Indicators: thankful for positivity, but Thanksgiving Day anomalies abound edition

By: New_Deal_democrat

In the rear view mirror,3rd quarter GDP was revised up to +3.6%, in line with the recent stronger ISM manufacturing readings, speaking of which, November's was strong also. November payrolls came in very positively, over 200,000, and the unemployment rate fell again to a new post-recession low. Read more

Inernational Week In Review: Central Banks' Holding Pattern Continues

By: HaleStewart

Last week saw a great deal of central bank action. The following central banks left rates unchanged: Australia (2.5%), Canada (1%) and the Bank of England (.5%). None of these moves were unexpected. All three economies are growing, albeit it below potential. Read more

XE Market Analysis: Asia - Dec 06, 2013

By: XE Market Analysis

The dollar rallied very briefly following the much better November employment report, though despite increased fear of December Fed tapering, the unit quickly turned south. Treasury yields blipped higher, though with the market there positioned for a good jobs report, yields quickly tumbled lower again. Read more

XE Market Analysis: North America - Dec 06, 2013

By: XE Market Analysis

EUR-USD has been consolidating Thursday's gains into U.S. jobs data, which is a major focus for global markets given the bearing it will have on Fed tapering expectations. USD-JPY traded moderately higher, having triggered light stops through 102.00 on the back of a burst of demand at the Tokyo fixing today. Read more

XE Market Analysis: Europe - Dec 06, 2013

By: XE Market Analysis

Quiet trade has been seen in pre-European Asia trade ahead of today's U.S. payrolls report showstopper. EUR-USD saw a 21 pip range centred on 1.3667, consolidating the gains seen yesterday. The gain largely reflected market disappointment that ECB didn't make any easing action yesterday. Read more

XE Market Analysis: Asia - Dec 05, 2013

By: XE Market Analysis

The dollar lost ground nearly across the board in N.Y. trade on Thursday, with cable being about the only exception. A strong Q3 GDP revision (largely from inventory build) combined with a sub-300k jobless claims print (still with seasonal adjustment problems), to bring Dectaper talk back to the forefront. Read more

ISM Manufacturing Report Indicates US Economy May Be Stronger Than Thought

By: HaleStewart

Since the end of the Great Recession, the US economy has been growing close to a 3% growth rate. While this is obviously better than 0% growth, it is not strong enough to warrant employment growth beyond that which absorbs natural population growth, In fact, the growth situation has become so concerning that some economists are wondering whether the US is now in a period of structural slower growth. Read more


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