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XE Market Analysis: Asia - Mar 24, 2014

By: XE Market Analysis

The FX market was very quiet to start off the week, with major pairings inside of tight ranges, and volumes on the light side through the morning session. EUR-USD inched to session highs near 1.3790 in early afternoon, though managed to trip stops at 1.3800 and then 1.3845 after putting in a floor around 1.3760 at the open. Read more

Pound/Dollar Chart Breaks Short-Term Support

By: HaleStewart

The chart above is a 6 month pound/dollar chart. Prices have broken the short-term trend line connecting the early November and early February lows. The shorter EMAs (10 and 20 day) are both moving lower with the 10 day crossing below the 20. The 50 day EMA is now moving sideways and the MACD has given us a sell signal. There are several reasons for this move. Read more

XE Market Analysis: North America - Mar 24, 2014

By: XE Market Analysis

USD-JPY and EUR-JPY rose above their respectively Friday highs amid moderate yen underperformance, while EUR-USD gave back early gains following disappointing German PMI data and breached its Friday low. USD-JPY logged a high of 102.64, but remained shy of last week's peak at 102.68. Read more

XE Market Analysis: Europe - Mar 24, 2014

By: XE Market Analysis

The yen traded moderately softer as the Nikkei stock index surged as Japanese markets reopening following Friday's holiday. The Nikkkei's 1.8% closing gain outperformed the region (the MSCI Asia Pacific gained 0.9%) even though the flash estimate of the China HSBC-Markit PMI disappointed at 48.1 (median was for 48.7). Read more

Weekly Indicators: springing to life edition

By: New_Deal_democrat

Monthly news for February featured a big positive number for the Leading Economic Indicators. In large part this was due to the big rebound in housing permits. Housing starts, however, fell, as did existing home sales. Industrial production rose strongly. Read more

International Week in Review; More of the Same Edition

By: HaleStewart

Let's start by looking at the news from the EU, where we learned prices are still very much contained. Core CPI came in at 1% Y/Y, while total CPI was .7% for the same period. There is also no wage pressure, as these costs increased a mere 1.4% in 4Q2013. Read more

XE Market Analysis: Asia - Mar 21, 2014

By: XE Market Analysis

After a busy week, FX trade was light and relatively quiet in N.Y. on Friday. Following the sharp gains posted this week, the dollar came under s bit of position squaring pressure versus the European majors and the commodity bloc. There was no U.S. data releases, though equities managed to rally, taking the S&P 500 to its best levels ever. Read more

Chinese Yuan Moving Higher

By: HaleStewart

Above is chart for the dollar/yuan. Over the last five years, it has decreased a little over 11%. However, over the last few weeks, the PBOC has allowed the yuan to rise strongly. Read more

XE Market Analysis: North America - Mar 21, 2014

By: XE Market Analysis

The USD traded mostly softer versus yesterday's New York closing levels, correcting some of the strong gains made in the wake of the FOMC this week. Trade was quiet due to a lack of market-moving themes and with Japanese markets having been closed today for the Vernal Equinox holiday. Read more

XE Market Analysis: Europe - Mar 21, 2014

By: XE Market Analysis

Narrow ranges prevailed among the main currencies in a session that was quieted by the absence of Japan, which was out for the Vernal Equinox holiday. The PBoC set the USD-CNY reference rate at 6.1475, below Thursday's fixing of 6.1460, though the pair hit 6.2370, which was the weakest the yuan has traded at since Feb-25 last year. Read more


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