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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

Weekly Indicators: Temporary staffing makes a new springtime high edition

By: New_Deal_democrat

Monthly data for April included was sparse this past week. Most importantly, the index of Leading Indicators rose +0.4%, indicating expansion will continue through the end of this year. Both new and existing home sales improved from March. but existing home sales are still down by more than -10% from their peak last July, and new home sales have also been down YoY for the last 3 months. Read more

XE Market Analysis: Asia - May 23, 2014

By: XE Market Analysis

Ahead of long weekends in the U.K. and the U.S., FX trade was relatively quiet in N.Y. on Friday. Most desks about closed up shop by late morning EDT, resulting in a sideways dollar fro the most part. The euro dis stay soft, though did not test the London low near 1.3615. Read more

A Technical Look At Some Major Currency Pairs

By: HaleStewart

From late January to early April, the Aussie dollar was rallying verses the dollar. But after crossing the 200 day EMA, the Aussie lost strength. After making a second attempt at rallying over the 200 day EMA, the Aussie has fallen below this important technical line. Read more

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