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XE Market Analysis: Asia - Apr 17, 2014

By: XE Market Analysis

Lower than expected jobless claims and a firmer Philly Fed index supported the dollar in light Thursday N.Y. trade. Yields edged up as well, though Wall Street struggled to move higher. After opening near 1.3860, EUR-USD slipped to lows under 1.3820 before steadying. Read more

Three signs of the Spring spring

By: New_Deal_democrat

One of the things I frequently point out in my "Weekly Indicator" columns is that the high frequency weekly data will show a change in the trend well before it shows up in the monthly reports. Since about mid-March I've been noting is that there has been a "spring spring" in the weekly data. Read more

Thoughts On US Inflation in Light of Yellen's Comments

By: HaleStewart

Yesterday, Fed Chair Yellen gave a speech in which she highlights three big questions for the Fed, the second of which is "Is Inflation Moving Back to the Fed's 2% Target?"  That got me thinking about inflation in general.  Read more

XE Market Analysis: North America - Apr 17, 2014

By: XE Market Analysis

The dollar maintained a generally soft tone following Yellen's dovish speech yesterday. Trade was quiet in Europe with some countries already off for the long Easter weekend. EUR-USD rose to a new high for the week of 1.3864. Cable, already underpinned following yesterday's stellar labour market data, edged out a fresh five-year high of 1.6842. Read more

XE Market Analysis: Europe - Apr 17, 2014

By: XE Market Analysis

The USD was mostly lower in Asia following a dovish speech by Fed boss Yellen, though movements were pretty contained. EUR-USD rose to the 1.3840 area from the low 1.38s, but the market lacked the muster for a test of yesterday's peak of 1.3851. Cable punched above its Feb-17 major trend peak at 1.6822 and logged a fresh cycle high of 1.6837. Read more

XE Market Analysis: Asia - Apr 16, 2014

By: XE Market Analysis

With the exception of a few flurries of activity, FX trade was fairly quiet in N.Y. on Wednesday. The BoC left rates alone as expected, though was dovish sounding enough to get USD-CAD over 1.10 again. Stronger U.S. production data helped the dollar to a degree, but major pairings were largely mired inside of tight trading bands. Read more

Crunch Time For the EU on Deflation

By: HaleStewart

Today we learned that EU inflation has dropped again. Eurostat announceed: Euro area1 annual inflation was 0.5% in March 20142, down from 0.7% in February. A year earlier the rate was 1.7%. Monthly inflation was 0.9% in March 2014. European Union3 annual inflation was 0.6% in March 2014, down from 0.8% in February. Read more

XE Market Analysis: North America - Apr 16, 2014

By: XE Market Analysis

The dollar has traded mixed against the other majors, rising against the yen but declining against the euro amid a strong rally in EUR-JPY, while Cable was well bid following a much better than expected drop in U.K. unemployment to 6.9% from 7.2% last. Read more

XE Market Analysis: Europe - Apr 16, 2014

By: XE Market Analysis

USD-JPY nudged above 102.00 to an eight-day high of 102.25 on the back of general yen weakness as the currency, once again, correlated inversely with stock market direction. EUR-JPY lifted to a five-day peak of 141.32. The MSCI Asia Pacific equity index was up 0.7% in PM trade in Tokyo while the Nikkei surged over 2.5%, benefitting from the tech-led rebound on Wall Street on Tuesday. Read more

XE Market Analysis: Europe - Apr 15, 2014

By: XE Market Analysis

The dollar majors have seen narrow ranges during pre-European trade in Asia. China lending figures pointed to a slowing economy, which weighed on China and Hong Kong stock markets, but had little impact on currencies (and nor most other stock markets in the region, which rose on the coattails of Wall Street rally on Monday), aside from causing some minor weakening in the AUD. Read more

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