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XE Market Analysis: Asia - May 13, 2014

By: XE Market Analysis

N.Y. FX trade on Tuesday saw the dollar mostly higher, despite a retail sales miss, only slightly higher equities, and slightly lower Treasury yields. EUR-USD touched new trend lows of 1.3695, as USD-JPY faltered from recent highs of 102.35, though did manage to hold the 102 handle throughout the session. Read more

Why Austerity Does Not Work

By: HaleStewart

Over the last few posts, I’ve noted that in practical application the policy of austerity has been an abject failure. Every country that has implemented these policies -- which involve large cuts in government spending during a slumping economy in the hopes they would lead to a decrease in government debt – have in fact had the exact opposite effect. Read more

XE Market Analysis: North America - May 13, 2014

By: XE Market Analysis

The USD remained on a genrally firm footing, led by EUR-USD, which dove to a new one-month low of 1.3711 in the wake of a much weaker than forecast German ZEW confidence reading. The ZEW came in at 33.1 in April, down sharply from 43.2 in March. USD-JPY edged out an 11-day high of 102.36. Read more

XE Market Analysis: Europe - May 13, 2014

By: XE Market Analysis

USD-JPY edged out an 11-day high amid general yen softness as stock markets rallied in Japan and Asia after U.S. indexes hit record peaks on Monday. The pair made 102.32, and was settled just below here going into the London open. EUR-JPY logged a two-day peak of 140.78. Read more

XE Market Analysis: Asia - May 12, 2014

By: XE Market Analysis

The dollar meandered inside of relatively narrow ranges in N.Y. trade on Monday, with EUR-USD consolidating last week's post-ECB losses, and idling in a 1.3754 to 1.3772 band throughout the day. USD-JPY found a footing near 101.90 early, and managed to take out the 102.00 mark on the back of a fairly strong Wall Street rally. Read more

The Failure of Austerity: Greece

By: HaleStewart

     I want to finish out this series on the failure of austerity by looking at the poster child of failed austerity policies: Greece.  Read more

XE Market Analysis: North America - May 12, 2014

By: XE Market Analysis

EUR-USD drifted modestly higher during the Europe AM, lifting to a high of 1.3767, though this is barely more than 20 pips above the Asia low. The pair was essentially consolidating the sharp losses seen in the wake of the ECB meeting last Thursday, while EUR-GBP managed to clocked a 15-momth low amid broader sterling demand, with the U.K. Read more

XE Market Analysis: Europe - May 12, 2014

By: XE Market Analysis

The main currencies saw narrow ranges in pre-European trade in Asia. Developments in Ukraine continued to have little impact, while news that China will relax limits on foreign investment in listed companies and expand capital flow quotas, which lit a fire under Chinese equity markets, also had limited impact on currencies. Read more

Weekly Indicators: the Spring spring flowering in May edition

By: New_Deal_democrat

This monthly data for April was sparse, featuring a positive ISM services index. First quarter productivity declined, but unit labor costs were up. My weekly report on the high frequency weekly indicators is meant to provide an up-to-this-week snapshot of the economy. Read more

International Week in Review: Big Central Bank Week Edition

By: HaleStewart

This week was clearly central bankers week with the Australian, ECB, UK and US central banks either setting policy or making major statements. Most of the data pointed to a continued slow upward grind throughout the developed world. However, there were some cautionary developments as the US' productivity declined and Fed Chair Yellen issued a cautionary note on housing. The news from the EU was mostly positive. Read more

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