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XE Market Analysis: Asia - May 28, 2014

By: XE Market Analysis

The dollar came under some modest pressure early, likely on the back of fading Treasury yields, where the 10-year yield dropped to 2014 lows. USD-JPY remained sensitive to the rate backdrop, and fell to intra day lows of 101.64, from opening levels around 102.00. Read more

XE Market Analysis: North America - May 28, 2014

By: XE Market Analysis

The dollar is moderately firmer against the EUR, GBP and AUD, and steady against the JPY. EUR-USD sank to a low of 1.3616, which is just four pips above yesterday's three-month low. A stronger than expected economic confidence reading out of the Eurozone helped the euro find a toehold, though rebounds continue to remain muted affairs in a clearly bearish market. Read more

XE Market Analysis: Europe - May 28, 2014

By: XE Market Analysis

Another pretty featureless session in pre-Europe Asia trade today. USD-JPY saw a 101.88-102.03 range, nearly the exact same path that was seen yesterday, and EUR-USD a 12-pip range centred around 1.3630-35. AUD-USD managed to lifted to the 0.9270 area after dipping to 0.9250, aided by a risk-on backdrop, with the MSCI Asia Pacific equity index set to log a six-month closing high following a fresh all-time peak in the S&P 500 on Wall Street yesterday. Read more

XE Market Analysis: Asia - May 27, 2014

By: XE Market Analysis

The dollar firmed broadly in N.Y. on Tuesday, as decent U.S. data and a brighter risk backdrop supported. Talk of the BoJ mulling a stimulus exit path helped USD-JPY, which was able to reclaim and hold the 102 handle. EUR-USD meanwhile, slipped to three-plus month lows of 1.3613, with more losses expected to come ahead of next week's ECB meeting, where easing moves could well be in the cards. Read more

XE Market Analysis: North America - May 27, 2014

By: XE Market Analysis

U.S. markets will return from the long weekend to discover a mixed performance in the USD, moderately lower against the EUR and AUD, near net unchanged versus the JPY and GPB. EUR-USD logged a fresh three-month low of 1.3613 at the commencement of trade in Asia yesterday, but since recovered, reaching a peak during the London AM session today at 1.3668 before settling around 1.3650. Read more

XE Market Analysis: Europe - May 27, 2014

By: XE Market Analysis

Moderate USD weakness has been seen in Asia today, led by AUD-USD, which rose about 25 pips amid a backdrop of higher stocks markets, punching above 0.9250 to a five-day peak of 0.9264. Soft consumer confidence data out of Australia, with the ANZ May measure dipping below a reading of 100.00 for the first time since May 2009, a consequence of the government's tough budget, curtailed the Aussie's upside. Read more

XE Market Analysis: North America - May 26, 2014

By: XE Market Analysis

A moderately firmer euro provided the main theme during a quiet European AM session. London markets were closed for a U.K. public holiday. EUR-USD rose to a peak of 1.3949, stalling just shy of 1.3650 where good selling interest was reported on market-talk forums. Read more

XE Market Analysis: Europe - May 26, 2014

By: XE Market Analysis

An uneventful start to the week has been seen in Asia with the main currency pairings opening in Europe near to last week's closing levels. Public holidays in the U.K. and U.S. today will render today a quiet one in terms of volumes and trading impetus. Read more

Concluding comments on the direction and importance of housing

By: New_Deal_democrat

Why do I spend so much time analyzing the housing market? Because, as Prof. Edward Leamer pointed out in 2007, housing leads the economy. Virtually every recession since World War 2 has started on average about a year or so after a downturn in the housing market. Read more

International Week in Review: Slow But Steady Growth Continues Edition

By: HaleStewart

Perhaps the biggest news last week was the release of meeting minutes and policy analysis from four major central banks: the BOJ, BOE, RBA and the Federal Reserve. All noted that financial markets had been relatively stable over the last 4-6 weeks -- a calm which some found oddly disquieting. Read more

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