Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News

AD

Remember That The Long Term USD/CAN Chart is Very Dollar Bullish

By: HaleStewart

Sometimes its important to pull the lens back and take a look at the long-term picture. Starting in mid-2009, the USD/CAN chart started to form a very long rounding bottom formation. The pair broke through upside resistance on this chart at the end of last year. Read more

XE Market Analysis: North America - Feb 21, 2014

By: XE Market Analysis

We saw only mild yen weakness following a 2.8% surge in the Nikkei, a brief sterling wobble following disappointing U.K. retail sales, fresh highs in USD-CAD, but all occurring in pretty quite trade ahead of the G20 meeting. EUR-USD flat-lined in the low 1.37s. Read more

XE Market Analysis: Europe - Feb 21, 2014

By: XE Market Analysis

Ranges have been narrow during the Asia session. Mild yen weakness was seen as stock markets recovered poise, particularly the Nikkei, which surged and closed with an impressive 2.9% gain. The BoJ minutes to the January 21-22 showed that members decided that there is a need to emphasize that its QE program is not limited to a two-year timeframe. Read more

XE Market Analysis: Asia - Feb 20, 2014

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Thursday, though the greenback managed to make up some ground versus most of the major currencies. Data was mixed, which included benign CPI, a weak Philly Fed index, and a stronger flash PMI outcome. EUR-USD maintained a 1.3688 to 1.3729 range, though it spent little time on the 1.36 handle. Read more

YoY CPI up 1.5% in January, still on track for +1.0% in February

By: New_Deal_democrat

Last week I wrote that this winter's continuing cheap gas prices may give us the lowest inflation rate in 50 years, excluding the deflation during the Great Recession. Read more

XE Market Analysis: North America - Feb 20, 2014

By: XE Market Analysis

Risk-off ensued following disappointing PMI data out of the Eurozone and China. This underpinned the yen and Swiss franc, while the euro came under particular pressure as the PMI outcome will favour the dovish arguments on the ECB board. The AUD also made fresh lows, though managed to recover somewhat during the European AM session. Read more

XE Market Analysis: Europe - Feb 20, 2014

By: XE Market Analysis

Risk-off ensued following disappointing China data, with the HSBC-Markit flash manufacturing PMI underwhelming at 48.3 in February, below the median expectation for 49.5. Japan's January trade data also showed the deficit widening more than forecast, to Y2.97 bln (a new record), while Moody's warned that China slowdown is posing risks for the likes of South Korea, Hong Kong, and Singapore. Read more

XE Market Analysis: Asia - Feb 19, 2014

By: XE Market Analysis

The dollar was mixed in morning trade, following in-line PPI and soft housing starts data. EUR-USD climbed marginally to 1.3765 after opening near 1.3740, while USD-JPY moved up from 10190 to highs over 102.40. USD-CAD firmed on weak Canadian data, while cable recovered the 1.67 handle. Read more

Will the 1.38 Level Again Provide Resistance For the EUR/USD Pair?

By: HaleStewart

Above is a chart of the EUR/USD pair, which has hit resistance at 1.38 on three separate occasions over the last six months -- once in October and twice since last December. The question, of course, is why? Starting mid-2013, the news mix between the EU and US was decidedly stronger coming from the EU. Read more

XE Market Analysis: North America - Feb 19, 2014

By: XE Market Analysis

The USD is mixed, moderately firmer against the JPY and GBP, but modestly lower versus the EUR. EUR-USD eked out a fresh high for the year of 1.3773 in the early Asia session, but couldn't maintain momentum and since settled back in the mid-1.37 levels, posting a low of 1.3745 in London. Read more

Pages

Paste link in email or IM