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XE Market Analysis: North America - Dec 03, 2013

By: XE Market Analysis

We have seen some chop with the USD coming under moderate pressure as the market unwound some of the gains seen after yesterday's firm U.S. ISM report and associated talk of sooner-rather-than-later Fed tapering. USD-JPY was a driver as the yen rebounded during the European AM session after making fresh major-trend lows against the USD and EUR. Read more

Potential Housing Bubble Keeps RBA From Lowering Rates

By: HaleStewart

The RBA left the Australian interest rate at 2.5% today. Like most central banks, the RBA has an incredibly difficult job in the current environment. On one hand, Australian growth is slowing as the economy shifts from one dependent on resource exports (mainly to China) to one focusing more on domestic consumption. Read more

XE Market Analysis: Europe - Dec 03, 2013

By: XE Market Analysis

Weakness in both the JPY and the AUD against most other currencies provided the central theme among the main currencies today in pre-European Asian trade. The yen continued its across-the-board decent following yesterday's dovish talk by BoJ boss Kuroda, which were accompanied by "sources" cited by Reuters that the central bank has a contingency plan for more stimulus. Read more

US Yield Curve is Widening

By: HaleStewart

Above is a chart of the difference between the US 10 year and US 2 year bond. What we see is a widening of the yield curve over that last few months. The primary driver of this has been the 10-year treasury bond which as sold off in reaction to news that the Federal Reserve will start to taper its bond purchases over the next few months. Read more

XE Market Analysis: Asia - Dec 02, 2013

By: XE Market Analysis

The dollar gained altitude in London morning trade, and for the most part maintained higher levels through the N.Y. session. A strong manufacturing ISM headline offset softer construction spending data, though equities took a break from their recent gains, falling modestly. Read more

XE Market Analysis: Europe - Dec 02, 2013

By: XE Market Analysis

EUR-USD was lifted on the coattails of sterling, which was a notable mover during pre-European Asian trade, rallying quite strongly apparently on a growing market sense that 2014 may be a bullish year for the currency. News were mixed, with reports of soft Thanksgiving period retail sales in the U.S., above-expectations China PMI and Australian building data. Read more

International Week In Review: Generally Positive Numbers Continue

By: HaleStewart

The biggest news last week was Brazil raising its short term rates another 50 basis points to 10%.  As shown in the chart below, the Brazilian cental bank is clearly in rate increase mode in an attempt to lower inflation and defend the real. Read more

Weekly Indicators: another strongly positive week, but caution for consumer spending and housing measures

By: New_Deal_democrat

Monthly reports in the last week for October included the Index of Leading Economic Indicators, up, and accelerating on a YoY basis. Housing permits, an important component of that index, rose to a 5+ year high. The Chicago PMI index also rose to a near 3 year high. Read more

XE Market Analysis: Asia - Nov 29, 2013

By: XE Market Analysis

Movement remained choppy amid thin month-end trade after yesterday's U.S. Thanksgiving holiday. USD-JPY and the JPY crosses maintained a bid tone as market participants digested a heavy Japanese data schedule. The numbers broadly reinforced expectations that the economic recovery is intact. Read more

Canadian Growth Continues Thanks to Consumer Spending

By: HaleStewart

For the duration of this expansion, the US Federal Reserve has described the US expansion as "moderate."  The same terms could be used to describe the Canadian expansion, which, were it not for the contribution of consumers, would be printing near 0% growth rates. Read more

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