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XE Market Analysis: North America - Nov 28, 2013

By: XE Market Analysis

Movement was limited in Asia across the FX majors as order flow was kept to the minimum into today's U.S. Thanksgiving holiday. AUD posted the biggest move from 0.9080 to 0.9140 amid an unexpected rise in Australia Q3 capex by 3.6% q/q and NZD rose from 0.8120 towards 0.8180 amid a rise in business confidence from 53.2% to 60.5% in October. Read more

XE Market Analysis: Europe - Nov 28, 2013

By: XE Market Analysis

Movement was limited in Asia across the FX majors as order flow was kept to the minimum into today's U.S. Thanksgiving holiday. AUD posted the biggest move from 0.9080 to 0.9140 amid an unexpected rise in Australia Q3 capex by 3.6% q/q and NZD rose from 0.8120 towards 0.8180 amid a rise in business confidence from 53.2% to 60.5% in October. Read more

XE Market Analysis: Asia - Nov 27, 2013

By: XE Market Analysis

Profit taking drove the dollar higher versus the euro in N.Y. on Wednesday, though ahead of the Thanksgiving holiday, activity dried up fairly early. EUR-USD managed to trade over 1.3600 early in the session, though was met by solid selling interest over the figure, likely prompted by better than expected U.S. Read more

October housing permits the best US economic news in over half a year

By: New_Deal_democrat

Yesterday's report that October housing permits cam in at 1.034 million on an annualized basis, the highest in over 5 years, as shown in the graph below: Read more

XE Market Analysis: North America - Nov 27, 2013

By: XE Market Analysis

FX markets were thin ahead of tomorrow's U.S. Thanksgiving holiday and month-end. The dollar was weighed by positive leads from Europe, though USD-JPY was the exception due to cross-flows. EUR-USD broke 1.3600 after German Chancellor Merkel reached a coalition deal, along with a rise in German consumer confidence data. Read more

XE Market Analysis: Europe - Nov 27, 2013

By: XE Market Analysis

FX markets in Asia were thin ahead of tomorrow's U.S. Thanksgiving holiday and month-end. Intra-day accounts keyed off short-term technical indicators, which enabled EUR-USD to post a modest rally on 1.3600, while USD-JPY was underpinned by corporate demand and a rally via the JPY crosses. Read more

XE Market Analysis: Asia - Nov 26, 2013

By: XE Market Analysis

The dollar meandered in fairly light pre-holiday trade on Tuesday, though ended mostly lower versus major currencies. EUR-USD made its way to highs over 1.3570 after finding support into 1.3520, as USD-JPY again failed to test 102.00, and fell toward 101.20 on paring of long positions. Read more

XE Market Analysis: North America - Nov 26, 2013

By: XE Market Analysis

The European morning was quiet with the exception of position adjustment as the market slows down into the U.S. Thanksgiving holiday. Usually there is a pick up in dollar demand as funds close books ahead of the year-end. However, the USD has stormed higher in recent weeks against JPY and held firm against the commodity bloc, which could potentially dampen scope for further dollar upside this week. Read more

XE Market Analysis: Europe - Nov 26, 2013

By: XE Market Analysis

Position adjustment may begin to have an influence as the market slows down into the U.S. Thanksgiving holiday. Usually there is a pick up in dollar demand as funds close books ahead of the year-end. However, the USD has stormed higher in recent weeks against JPY and held firm against the commodity bloc, which could potentially dampen scope for further dollar upside this week. Read more

XE Market Analysis: Asia - Nov 25, 2013

By: XE Market Analysis

The dollar firmed up modestly in N.Y. dealings on Monday, though remained inside a narrow range versus most major currencies. EUR-USD found support under 1.3500, while the 102.00 mark for USD-JPY remained elusive. The economic calendar was light, with a softer pending home sales report offset by a strong Markit composite PMI outcome. Read more

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