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Three Charts Show the Growing EU Deflation Threat

By: HaleStewart

Right now, the greatest threat faced by the EU is deflation -- a continued and persistent decline in prices that slows economic activity.  The following three charts highlight the increasing potential of deflation in the EU area. Read more

XE Market Analysis: North America - Apr 29, 2014

By: XE Market Analysis

EUR-USD was knocked off highs by an unexpected drop in Eurozone M3 money supply data, which was followed by below-forecast ESI economic sentiment. The pair had earlier been bid and had matched Monday's high at 1.3879 before the data took the euro down a peg, to the 1.3855 area. Read more

XE Market Analysis: Europe - Apr 29, 2014

By: XE Market Analysis

AUD weakness was seen in quiet trade, with Japanese markets closed for the Showa Day holiday. China's efforts to crack down on financing in the iron ore import market is continuing to have a detrimental impact on the prices of the commodity, which forms a big chunk of Australia's export. Read more

XE Market Analysis: Asia - Apr 28, 2014

By: XE Market Analysis

Range trade was again the rule in N.Y. trade on Monday, with narrow and familiar bands in play for most of the major dollar pairings. EUR-USD managed to post two-week highs near 1.3880 in London, though was stuck inside of 1.3874-40 through the session. Read more

XE Market Analysis: North America - Apr 28, 2014

By: XE Market Analysis

The dollar came under pressure against the euro, yen, sterling and other currencies. The main driver appeared to be EUR-JPY, which surged over 100 pips in reclaiming the 142.00 level for the first time in three weeks. EUR-USD spiked to the high 1.38s, breaching last week's highs on route and making a two-week peak of 1.3879, which is over 50 pips up on last week's closing levels. Read more

XE Market Analysis: Europe - Apr 28, 2014

By: XE Market Analysis

Not much movement today among the main currencies in pre-Europe trade in Asia. EUR-USD oscillated in the mid-to-low 1.38s and USD-JPY in the low 102s. Japan retail sales for March came in at +11.0% y/y, slightly above expectations as consumers front-loaded purchases ahead of the early April imposition of the three percentage point rise in sales tax. Read more

International Week in Review: US Housing Market Starting to Cause Concern Edition

By: HaleStewart

The current general economic consensus is the developed world will take the reins of growth and hopefully pull the developing world along for the ride. But while the US and Australia have been growing for the last few years, the EU is still trying to emerge from its malaise and Japan is still hoping the long-term benefits of Abenomics pays off. Read more

Weekly Indicators: mixed and muted edition

By: New_Deal_democrat

Monthly data for March reported in the last week included rising Leading Economic Indicators, confirming no recession for the next 6 months or so, and positive durable goods and consumer sentiment, although expectations have been going generally sideways, negative existing home sales, and not just poor, but downright ugly new home sales. My weekly report on the high frequency weekly indicators is meant to provide an up-to-this-week snapshot of the economy. Read more

XE Market Analysis: Asia - Apr 25, 2014

By: XE Market Analysis

FX trade was again lackluster on Friday, with little in the way of price action, and light volumes changing hands. EUR-USD idled inside a 1.3830-48 range, while USD-JPY moved briefly to 101.97, before recovering to 102.21. Some corporate earnings misses, along with geopolitical tensions in the Ukraine kept Wall Street well under water through the session, which also pushed Treasury yields lower. Read more

UK Recovery Gaining Momentum

By: HaleStewart

The UK started to print solid economic numbers in mid-2013. However, as this was a nascent recovery, caution was warranted. Now that we’ve had 6-9 months of solid numbers, it appears the UK is on its way to solid growth in the near future. Let's take a look at the numbers. The top chart shows the UK manufacturing PMI while the bottom chart shows the services PMI. Read more


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