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UK Economy Continues To Show Improvement

By: HaleStewart

Last week, the Bank of England maintained their interest rate policy at .5%.  Their press release stated the following: Read more

XE Market Analysis: North America - Oct 15, 2013

By: XE Market Analysis

Signs of progress in U.S. budget talks set the backdrop for a USD rally, which occurred during the European AM session and drove the EUR-USD to a five-day low, though the catalyst came from a remark by China's vice finance minister, who said that it was vital the America maintains the promise to not default on its bonds. Read more

XE Market Analysis: Europe - Oct 15, 2013

By: XE Market Analysis

There wasn't a big reaction in currency markets during the pre-European open Asia session to the news of "tremendous progress," in the words of Majority Leader Harry Reid, in negotiations with regard to a deal to suspend the U.S. debt ceiling through Feb-7 and fund the government through Jan-15. Read more

Chinese Inflation Comes in Higher Than Desired

By: HaleStewart

Yesterday, the Chinese National Statistics Bureau reported the following regarding inflation:In September, the consumer price index (CPI) went up by 3.1 percent year-on-year. The prices grew by 3.0 percent in cities and 3.3 percent in rural areas. The food prices went up by 6.1 percent, while the non-food prices increased by 1.6 percent. Read more

XE Market Analysis: North America - Oct 14, 2013

By: XE Market Analysis

The market was very quiet due to holidays in Japan, Hong Kong, U.S. and Canada. Weekend developments were mainly negative, though the impact was muted due to a lack of market participation, which left sideways movement in FX. The dollar was a touch lower overall, leaving EUR above 1.3550 and Cable just shy of 1.6000. Read more

XE Market Analysis: Europe - Oct 14, 2013

By: XE Market Analysis

The FX market was quieter than usual due to holidays in Japan and Hong Kong, while the U.S. and Canada are also closed today. Weekend developments were negative, leaving sideways movement via JPY after last week's losses. The dollar was lower overall, leaving EUR above 1.3550 and Cable just shy of 1.6000. Read more

Weekly Indicators: consumer spending, sentiment, the TED spread, and tax withholding sound the alarm edition

By: New_Deal_democrat

- by New Deal democratThe government shutdown prevented the reporting of retail sales, producer prices, and business inventories. The only significant monthly data that was reported was the University of Michigan's consumer sentiment index. Sentiment about current conditions stayed steady, but future expectations dropped precipitously to a 2013 low. Read more

XE Market Analysis: Asia - Oct 11, 2013

By: XE Market Analysis

Yet another quiet day in FX Land on Friday, resulting in very familiar and well-worn trading ranges. Aside from a slightly weaker than expected U. of Michigan sentiment survey, there was no data on tap, as retail sales and PPI releases were postponed due to the government shutdown. Read more

XE Market Analysis: North America - Oct 11, 2013

By: XE Market Analysis

Yesterday's breakthrough in the U.S. debt impasse boosted risk appetite and weighed on JPY and CHF. The USD was steady against JPY, but fell against EUR, GBP, CHF and AUD. The AP said that Obama rejected the Republican proposal because it did not include an end to the government shutdown. Read more

XE Market Analysis: Europe - Oct 11, 2013

By: XE Market Analysis

A breakthrough in the U.S. debt impasse boosted risk appetite, which weighed on JPY and CHF. The USD was also a bit easier as appetite for leverage positions kept EUR, GBP and AUD supported on dips. Republicans offered a short-term plan to raise the debt ceiling limit, which will give time to negotiate further on fiscal issues and could enable the government to re-open. Read more

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