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XE Market Analysis: Asia - Jun 02, 2014

By: XE Market Analysis

The dollar moved to N.Y. session highs versus all the majors in afternoon trade on Monday, with EUR-USD touching 1.3590, and USD-JPY peaking at 102.43. Cable fell back toward London lows of 1.6725, easing into 1.6731, while USD-CAD broke through the 1.09 mark, after coming up just short through the session, peaking at 1.0910. Read more

XE Market Analysis: North America - Jun 02, 2014

By: XE Market Analysis

The dollar firmed up moderately against most currencies, recovering from some of the losses that were seen late last week. Weak German state CPI data and a revision lower in Eurozone manufacturing PMI for May saw EUR-USD dip over 30 pips to levels back under 1.3600, but the market left last Thursday's 1.3586 low untroubled. Read more

XE Market Analysis: Europe - Jun 02, 2014

By: XE Market Analysis

The dollar firmed up moderately against most currencies, recovering from some of the losses that were seen late last week. A risk-on session, fuelled by an above-expectations outcome in China's purchasing managers index for May, which lifted to 50.8, the best level since December, helped underpin USD-JPY as the yen followed its usual inverse correlation with stock markets. Read more

Euro and Pound Break Uptrends

By: HaleStewart

Both the euro and the pound have been rallying against the dollar since the beginning of November. Traders have been buying the pound in anticipation the BOE would raise rates before the Fed while the euro has been a strong beneficiary of Draghi's statement that he would do "whatever it takes" to defend the currency (and the EU). Read more

Weekly Indicators: Spring spring especially strong this week edition

By: New_Deal_democrat

Monthly data for May started with a positive Chicago PMI, and April data included positive durable goods. House prices continued to rise. Pending home sales rose slightly. Conference Board and Michigan sentiment were both neutral. Personal income rose, but personal spending declined, meaning that the personal savings rate rose. Read more

Weekly Indicators: Spring spring especially strong this week edition

By: New_Deal_democrat

Monthly data for May started with a positive Chicago PMI, and April data included positive durable goods. House prices continued to rise. Pending home sales rose slightly. Conference Board and Michigan sentiment were both neutral. Personal income rose, but personal spending declined, meaning that the personal savings rate rose. Read more

International Week in Review: Winter Chill Hits US and Canada Edition

By: HaleStewart

The news this week was actually pretty morose. Neither the UK for Australia printed any meaningful numbers. Both Canada and the US reported weak 1Q GDP, indicating that the continent wide adverse winter weather was probably the primary culprit. Read more

XE Market Analysis: Asia - May 30, 2014

By: XE Market Analysis

Month-end and a Friday combined to keep FX trade very light on Friday. Profit taking helped lift EUR-USD from near 1.3600 through buy stops over 1.3640. The pairing eventually peaked at 1.3650. USD-JPY was steady between 101.65 and 101.85, while USD-CAD perked up on Canada's GDP miss. Read more

Data Indicates 1Q USD GDP Contraction a Statistical Blip

By: HaleStewart

     Yesterday's -1% reading for 1Q US GDP growth has created concern that the economy may be entering a perod of slower growth.  There are several reasons this concern is unfounded. Read more

XE Market Analysis: North America - May 30, 2014

By: XE Market Analysis

The dollar traded mostly softer during the Asian and European AM sessions with yesterday's U.S. GDP miss and lower Treasury yields having taken the shine out of the greenback. The euro also exhibited signs of being less sensitive to bearish leads. EUR-USD established a foothold above 1.3600 after briefly dipping just below here in Asia and again in early London trade, even though the market had excuse to take the euro lower on an unexpected drop in German retail sales, and sub-forecast Spanish HICP and Italian PPI numbers. Read more

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