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about 7 years ago

Employment Report Miss Sends AUD/USD Lower

By: HaleStewart

Yesterday, the Australian Bureau of Statistics reported that employment decreased by 22,600 between November and December of last year. The consensus figure for this number was a gain of 15,400, making the released number a big shock to the market. This comes amid the Australian economy trying to rebalance from one that derives a large amount of its growth from commodities exports to one more oriented to personal consumption and other internal growth sources. Read more

about 7 years ago

XE Market Analysis: North America - Jan 16, 2014

By: XE Market Analysis

The USD posted new highs against he JPY, GBP and AUD, the latter of which was hit by an unexpected dive in Australian employment data, though consolidated at slightly lower levels versus the EUR. Both USD-JPY and EUR-JPY lifted to new highs for the week of 104.92 and 142.91 respectively, before consolidating modestly lower during the European AM session. Read more

about 7 years ago

XE Market Analysis: Europe - Jan 16, 2014

By: XE Market Analysis

The yen extended lower, mostly driven via EUR-JPY which sprang to a new high for the week at 142.91, while USD-JPY did likewise in lifting to 104.92. A return to risk-on sentiment has seen the yen weaken over the last couple of sessions, though Japanese stock markets underperformed with moderate losses today. Read more

about 7 years ago

XE Market Analysis: Asia - Jan 15, 2014

By: XE Market Analysis

The dollar firmed into the N.Y. open, and continued marginally higher overall through the morning session. Hotter PPI and a stronger Empire State index helped sentiment, and risk appetite ramped up again on Wednesday, taking equities sharply higher, while supporting Treasury yields. Read more

about 7 years ago

XE Market Analysis: North America - Jan 15, 2014

By: XE Market Analysis

The USD extended yesterday's gains. USD-JPY logged a four-day peak of 104.47 during Tokyo trade, subsequently consolidating moderately lower during the European AM session. EUR-USD fell to a low of 1.3608 in London, a loss of almost 70 pips from yesterday's New York closing level and coming within about 30 pips of last Friday's pre-payrolls report low. Read more

about 7 years ago

XE Market Analysis: Europe - Jan 15, 2014

By: XE Market Analysis

The JPY and AUD were the joint underperformers in a strong USD environment, which has remained firm since yesterday's firm U.S. ex-autos retail sales and solid inventory report sparked upward revisions to Q4 GDP. U.S. Treasury yields drifted higher, and Fed hawks Plosser and Fisher continued to argue that without a swift elimination of QE, inflation risks would rise again. Read more

about 7 years ago

XE Market Analysis: Asia - Jan 14, 2014

By: XE Market Analysis

FX trade was fairly quiet in N.Y. on Tuesday, with the greenback mixed overall. The greenback lost modest ground to the European majors, while gaining against the yen and dollar bloc. U.S. economic data was better, with ex-auto retail sales beating forecasts, and import prices very tame. Read more

about 7 years ago

USD/JPY Tops Out For Now

By: HaleStewart

Above is a daily chart of the USD/JPY chart. After a run from ~97 to ~ 105 (a gain of a little over 8%), the pair has fallen back to the 200 day EMA, which is also supported by the candle tops from early May of last year. The first obvious reason for the drop is a simple profit taking. Read more

about 7 years ago

XE Market Analysis: North America - Jan 14, 2014

By: XE Market Analysis

EUR-USD broke above its post-payrolls high and logged a 12-day peak of 1.3699 before settling around 1.3670-80 after some whippy price action. The pop higher was sparked by an optimistic prognosis of the Eurozone economy by ECB's Nowotny. We subsequently had a forecast-beating 1.8% m/m gain in Eurozone industrial production that sent the y/y rate to 3.0%, the highest since August 2011, though this didn't seem to have a great bearing on the euro. Read more

about 7 years ago

The changed relationship between interest rates and stock prices

By: New_Deal_democrat

I've written a fair amount recently about the impact of rising interest rates. For example, they are certainly negatively impacting house sales and consumer refinancing. But what about stock prices? How they correlate with stock prices depends entirely upon whether the primary worry is inflation or deflation. When the primary worry is inflation, interest rates generally move in the opposite direction as stock prices. Read more

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