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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

XE Market Analysis: Asia - Oct 10, 2013

By: XE Market Analysis

The dollar firmed up some after fading briefly on the back of the bounce in jobless claims, though was met with fresh offers. There was some better news from Wahington, where hopes for at least a temporary debt limit increase was proposed by the GOP. Given the lack of seriousness among D.C. Read more

Is The Oil Choke Collar Beginning To Give Way

By: New_Deal_democrat

- by New Deal democrat One of my running themes for the last several years is that we had an Oil shock from 1999 to 2008 that was fully equal to the Oil shock from 1973 to 1980. Except for 2008, the move was gradual enough that it did not actually put us into recesseion, unlike the two sudden disruptions of 1973 and 1979. A couple of years ago, having examined the issue at length, I targeted this year, 2013, as the year that the Oil choke collar might finally begin to give way, due to new oilfields and technologies coming online, use of alternative fuels, improved gas efficiency in vehicles, and conservation. Read more

XE Market Analysis: North America - Oct 10, 2013

By: XE Market Analysis

There was cautious optimism that the impasse in D.C. could reach a breakthrough. The WSJ said that conservative Republicans are coming round to the idea of an increase in the U.S. borrowing limit, while the National Journal said that Republicans are on track to approve a debt limit extension - lasting between four and six weeks, which would allow time for subsequent fiscal negotiations. Read more

XE Market Analysis: Europe - Oct 10, 2013

By: XE Market Analysis

There is mild optimism in early Europe that the impasse in D.C. could reach a breakthrough. The WSJ said that conservative Republicans are coming round to the idea of an increase in the U.S. borrowing limit, while the National Journal said that Republicans are on track to approve a debt limit extension - lasting between four and six weeks, which would allow time for subsequent fiscal negotiations. Read more

XE Market Analysis: Asia - Oct 09, 2013

By: XE Market Analysis

The FX market was very quiet in N.Y. trade on Wednesday, though the dollar managed modest gains overall. The unit has bounced in European dealings on slightly better risk appetite, and continued the theme through the N.Y. session. Into the FOMC minutes release, EUR-USD hovered just over the 1.3500 mark, as USD-JPY held pnto the 97 handle. Read more

Why Is the Rupee Declining?

By: HaleStewart

An explanation of the rupee’s current drop in value actually begins with the US Federal Reserve lowering interest rates to near zero and engaging in “quantitative easing” – the practice of buying US government bonds. Not only does this practice lower interest rates but it also creates the “portfolio effect” – the act of forcing the investment community as a whole to take on more risk. Read more

XE Market Analysis: North America - Oct 09, 2013

By: XE Market Analysis

The dollar traded on the firmer side in Asia and demand accelerated in Europe. Overnight, news that Yellen will be nominated later today as Fed Chair triggered a USD-JPY rebound out of 96.80 to 97.45 as risk appetite improved, which also fed a USD-CHF rally. Read more

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