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Doctor Copper Is Signaling A Weak International Environment

By: HaleStewart

Because copper is used in so many goods, it is often referred to as "Dr. Copper," meaning its price provides a strong indication about the direction of the global economy. Keeping in mind this is only one indicator, take a look at the yearly chart for the metal: Starting in April, we see a general rally that lasts until the beginning of July, when prices broke through the 200 day EMA. Read more

XE Market Analysis: North America - Oct 27, 2014

By: XE Market Analysis

The euro drifted back to near net unchanged levels around 1.2675 after failing to sustain early gains following Sunday's bank stress test results, which came without nasty surprises and with capital shortfalls found to have mostly been covered. EUR-USD edged out a peak of 1.2714, which is the highest point seen since last Wednesday, before heading back under 1.27. Read more

XE Market Analysis: Europe - Oct 27, 2014

By: XE Market Analysis

EUR-USD managed some gains following as-expected bank stress test results. This follows upside surprises in German consumer confidence and Eurozone PMI data last week. Rare good news for the euro this might be, but in terms of EUR-USD this has been offset by strong data set out of the U.S. Read more

International Economic Preview For the Week of October 27-31

By: HaleStewart

     The following economic releases will have a disproportionate impact on the markets nest week: Tuesday Read more

International Week In Review: The Absence Of Bad News Is A Minor Victory Edition

By: HaleStewart

The week before this, it seemed as though the bottom was beginning to drop out of the financial markets. Equities, which are the most visible financial market, sold off sharply and bonds rallied. News stories of the sell-off increased, adding to the overall intensity. Read more

XE Market Analysis: Asia - Oct 24, 2014

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Friday, with the dollar losing ground to the European majors, while posting modest gains against the yen and the CAD. The only data point was new home sales, which were revised down in August, and barely improved in September from there. Read more

XE Market Analysis: North America - Oct 24, 2014

By: XE Market Analysis

Reports of a first Ebola case in New York city spooked equity markets and underpinned core sovereign bond prices but had limited evident impact in currency markets. EUR-USD was trading at near net unchanged levels on the day, at 1.2648 bid in early PM trade in Europe. Read more

XE Market Analysis: Europe - Oct 24, 2014

By: XE Market Analysis

EUR-USD has lifted on German confidence data, which provided an unexpected upside surprise out of the Eurozone for a second day in a row following yesterday's jump in PMI data. Rare good news for the euro, which has breached the Asia high at 1.2661 against the dollar after opening in London at 1.2654. Read more

XE Market Analysis: Asia - Oct 23, 2014

By: XE Market Analysis

The dollar was relatively steady in N.Y. trade on Thursday, posting modest gains versus the euro early on, before fading back in the afternoon. The pairing ranged between 1.2630 and 1.2672 through the session. USD-JPY caught a bid from a surging Wall Street, and firmer yields, taking the pairing to 108.30 highs. Read more

Lack Of Inflationary Pressures Caused By Global, Not Country Level, Forces

By: HaleStewart

There has been a tremendous amount of disussion over the last month on the topic of inflation. It started with a Bloomberg article that focused on the economists who signed an open letter to Bernanke arguing that QE would lead to inflation. In another article, Bloomberg asked these signatories to defend their call. Read more

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