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XE Market Analysis: North America - Nov 22, 2013

By: XE Market Analysis

The dollar remained soft against EUR and GBP, but was supported against JPY and the commodity bloc. EUR benefited on more short covering and broke back above 1.3500 amid strong German Ifo data and German Q3 GDP was confirmed at 0.3% q/q. Cable held on to levels around 1.6200, though profit taking by longs capped gains. Read more

XE Market Analysis: Europe - Nov 22, 2013

By: XE Market Analysis

The dollar was mixed in Asia. It maintained softer levels against EUR and GBP, but was supported against JPY, AUD and NZD. EUR benefited on short covering Wednesday as ECB's Draghi offered no new insight into negative deposit rates, while fund names piled into GBP on more U.K. Read more

XE Market Analysis: Asia - Nov 21, 2013

By: XE Market Analysis

The dollar traded in a mixed fashion in N.Y. on Thursday, moving lower versus the European major currencies, while firming against the yen and dollar bloc. EUR-USD found a footing on talk from ECB Draghi, who downplayed a negative deposit rate, the news which had weighed the euro down on Wednesday. Read more

XE Market Analysis: North America - Nov 21, 2013

By: XE Market Analysis

The USD held on to firmer levels and EUR remained heavy following yesterday's contrasting central bank policy news. News that ECB is considering a -0.1% deposit rate if more easing is needed caught the market long of EUR near 1.3550 and the sell off was reinforced after the FOMC minutes revealed discussions about policy tapering. Read more

YoY reported corporate profits as a leading indicator for stock prices

By: New_Deal_democrat

I rarely comment on the stock market per se. When I do, it is usually because sentiment is at an extreme, and under those circumstances, although every fiber in your body will be telling you that the crowd is right, you are almost infallibly better off betting the other way. That's because, when everybody is bullish/bearish, almost all of the available money has been put into/taken out of the market. Read more

XE Market Analysis: Europe - Nov 21, 2013

By: XE Market Analysis

The USD held on to firmer levels and EUR remained heavy following yesterday's contrasting central bank policy news.News that ECB is considering a -0.1% deposit rates if more easing is needed caught the market long of EUR near 1.3550 and the sell off was reinforced after the FOMC minutes revealed discussions about policy tapering. Read more

XE Market Analysis: Asia - Nov 20, 2013

By: XE Market Analysis

The dollar got a boost from an ECB news report in N.Y. on Wednesday, taking EUR-USD from near 1.3550 to lows near 1.3435. Intra-day accounts got caught long of EUR-USD after ECB is said to weigh a -0.1% deposit rate if more easing is needed. Elsewhere, the greenback was dragged higher versus the pound, yen and Swiss franc as well. Read more

Yellen's Benchmarks

By: HaleStewart

Last week, Janet Yellen testified before Congress as part of the confirmation process. Her opening statement was short. However, there are some key data points contained within it that deserve to be highlighted: Today the economy is significantly stronger and continues to improve. Read more

XE Market Analysis: North America - Nov 20, 2013

By: XE Market Analysis

The dollar eased overnight as Fed Chairman Bernanke maintained his commitment to policy accommodation in a speech after the N.Y. close. Kneejerk dollar selling in early Asia lifted EUR towards 1.3580 and USD-JPY dipped just under 100.00, though prices backed up over the course of the session and the dollar was fairly stable in Europe. Read more

XE Market Analysis: Europe - Nov 20, 2013

By: XE Market Analysis

The dollar eased as Fed Chairman Bernanke maintained his commitment to policy accommodation in a speech after the N.Y. close. Kneejerk dollar selling in early Asia lifted EUR towards 1.3580 and USD-JPY dipped just under 100.00, though prices backed up over the course of the session, leaving prices largely net unchanged. Read more

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