Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
FX trade was fairly subdued in N.Y. on Friday, with many traders still on holiday. There was no data to drive prices, though the dollar was a bit higher to unchanged versus major currencies. EUR-USD edged into one-month lows of 1.3600, though found good support into the figure. Read more
EUR-USD extended yesterday's loss to a one-month low of 1.3628. The move was driven in part by EUR-JPY during the pre-European Asian session, while USD-JPY dove to a 10-day low of 104.07 amid yen outperformance. Market liquidity rose with the reopening of Hong Kong, Singapore and Zurich, though conditions were still on the thin side. Read more
A yen rally has been the main theme today in improved liquidity with the Hong Kong and Singapore centres reopening today, though Tokyo remained closed. USD-JPY made a 10-day low of 104.07, down from yesterday's London close of 105.01. EUR-JPY also fell to a 10-day low to 142.09, adding to the euro-driven losses of yesterday from the upper 144s. Read more
The dollar started the New Year on a stronger footing versus the euro, as EUR-USD backed down to 1.3630 from Asian highs over 1.3770. USD-JPY held its own early on, though eventually gave back the 105.00 handle. Weak longs were pushed out of positions on the move under 105.25. Read more
Above is a monthly chart of the GPD/USD. It shows two basic trends, the first of which is a massive sell-off that occurred as a result of the Great Recession. The pair dropped from 2.00 to around 1.40. Since then, the pair has traded in a range of approximately 1.50-1.65 (with a brief dip below that 1.50 level in early 2009). Read more
20140101103755_0.png)
The dollar firmed during the European AM session. USD-JPY edged out a new five-year peak of 105.44, which is three pips above last week's high, while EUR-USD dipped under 1.3700, making a low of 1.3684. GBP-USD dropped over 70 pips from a fresh two-year high of 1.6603. Read more
Happy 2014. It's been very quiet in early new year trade, with Japan remaining closed and with staffing levels remaining depleted in many financial centres, with today being a long weekend 'bridge holiday' for many following yesterday's break. EUR-USD is trading near familiar levels around 1.3750, and USD-JPY likewise around 105.30. Read more
As the end of the year is upon us, it only seems natural to make predictions about the upcoming year. First, here is a link to my predictions from last year. If I do say so myself, they were generally very accurate. So, let’s start into 2014 predictions. The US will finally experience consistent growth about 2.75%. Read more
FX trade slowed to a crawl on the last day of the year in N.Y. dealings, leaving major dollar pairings overall just slightly lower through the session. EUR-USD was pushed back from the 1.3800 level, as USD-JPY gave back the 105 handle. Cable was firm under 1.6550, as USD-CHF slipped back under 0.8900. Read more
The USD majors saw little movement. Japan among other Asia centres were closed today, while in Europe Germany is off and London participants will be calling it a day shortly. EUR-USD briefed skirted above 1.3800 again, but once again tipped back under this level to consolidate at familiar regions around 1.3760-70. Read more
.&p[images][0]=http://xecommunityassets.s3.amazonaws.com/GBPUSD(Monthly)20140101103755_0.png){kind=link}
