Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News

AD

International Week In Review: Despite the EM Rout, Some Surprisingly Good Numbers Edition

By: HaleStewart

Last week was a very busy week for economic news. Let’s start with the US, where the biggest news was the growth rate of 4th quarter GDP. The BEA reported: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.2 percent in the fourth quarter of 2013 (that is, from the third quarter to the fourth quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. Read more

XE Market Analysis: Asia - Jan 31, 2014

By: XE Market Analysis

The dollar moved higher versus the euro in morning trade, despite mixed U.S. data readings, and melting down stocks. Softer EU inflation data prompted ECB rate cut talks (as soon as next week), which resulted in EUR-USD falling from session highs over 1.3570 to lows of 1.3480. Read more

Recent EU and US Economic Data Spell Bearish Result for EUR/USD

By: HaleStewart

Above is a chart for the EUR/USD. For the last half of 2013 the euro rallied as EU news tended to be more bullish relative to US news. But since that time, we've seen a turn of events towards the US. First, the last two quarters of US economic growth have been over 3%. Read more

XE Market Analysis: North America - Jan 31, 2014

By: XE Market Analysis

The EUR came under some pressure after the weaker than expected inflation number added to speculation of a rate cut by the ECB next week. Eurozone Jan HICP inflation unexpectedly fell to 0.7% y/y from 0.8% y/y in December. The Euro is also slightly weaker against the CHF and heading for its biggest monthly decline since March and the first loss since August against the USD, amid speculation of further easing measures. Read more

Patterns of consumer spending show expansion to continue

By: New_Deal_democrat

In the past I've noted that <a href="http://bonddad.blogspot.com/2012/03/consumer-spending-pattern-does-not.html">comparing the performance of</a> personal consumption expenditures and real retail sales is a good way to see where we are in the economic cycle. Below is a graph comparing the two by subtracting YoY PCE growth from YoY real retail sales growth, through 1997. Read more

XE Market Analysis: Europe - Jan 31, 2014

By: XE Market Analysis

The EUR came under some pressure after the weaker than expected inflation number added to speculation of a rate cut by the ECB next week. Eurozone Jan HICP inflation unexpectedly fell to 0.7% y/y from 0.8% y/y in December. The Euro is also slightly weaker against the CHF and heading for its biggest monthly decline since March and the first loss since August against the USD, amid speculation of further easing measures. Read more

XE Market Analysis: Europe - Jan 30, 2014

By: XE Market Analysis

The Fed did not surprise, as it tapered another $10 bln from its asset purchase program. The dollar had been on the rise early in N.Y. trade on Wednesday, though as equities melted down, along with Treasury yields, the greenback moved mostly lower. The Fed made no mention of emerging markets in its statement, though with some linking current EM woes to the Fed's slow retreat, emerging currencies will be watched closely.[EUR, USD]More consolidation may be in store for EUR-USD, as the 1.3600-1.3700 band continued to hold up. Read more

XE Market Analysis: North America - Jan 30, 2014

By: XE Market Analysis

The USD weakened against most currencies after the Fed cut monthly bond purchases by another $ 10 bln as expected. The move counterbalanced attempts in South Africa and Turkey to boost their currencies though rate hikes and rekindled save haven demand. Read more

A Review Of Recent Extraordinary Emerging Market Central Bank Activity

By: HaleStewart

Starting at the end of last week, emerging market currencies sold off sharply, along with developed market equities. The primary cause of this sell-off was concern that China was in fact slowing down. Since most emerging markets sell raw materials to China, China’s slowdown would have a negative impact on their respective GDPs. Read more

XE Market Analysis: Asia - Jan 30, 2014

By: XE Market Analysis

The dollar was broadly higher in N.Y. trade on Thursday. Despite a small miss on GDP, and firmer claims data, risk appetite returned, taking Wall Street sharply higher following its rout earlier in the week. This supported the greenback versus most major currencies. Read more

Pages

Paste link in email or IM