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XE Market Analysis: North America - Feb 17, 2014

By: XE Market Analysis

The USD logged fresh lows in Asia, which continued the bear trend after a run of sub-expectations data out of the U.S, before rebounding during the European AM session. EUR-USD edged out a three-week high of 1.3725, then settled around 1.3700. There was no European data of note today. Read more

XE Market Analysis: Europe - Feb 17, 2014

By: XE Market Analysis

The USD extended lower, continuing the recent theme in Asia after a run of sub-expectations data out of the U.S. Sterling was an outperformer, with Cable running to a new major-trend highs of 1.6822, GBP-JPY to a two-week peak of 170.92 and EUR-GBP a fresh one-year low of 0.8164. Read more

Weekly Indicators: long leading indicators to the rescue edition

By: New_Deal_democrat

In January data reported this past week, industrial production, capacity utilization, and retail sales all fell. Wholesale inventories rose. Consumer confidence was unchanged. The purpose of my weekly reports on the high frequency weekly indicators is to provide an up-to-this-week snapshot of the economy, a way to "mark to market" my own opinions and a vehicle for you to do so with yours as well. Last week I cited "The Big Chill" that spread throughout the indicators. Read more

International Week in Review: Central Bankers Take Center Stage Edition

By: HaleStewart

Last week was full of some as great economic news. Probably the best came from the EU, where 4Q GDP grew by .3% Q/Q and .5% Y/Y. French GDP was up .3%, German .4% and Italian up .1%. While some commentators believe these numbers reduce pressure on the ECB to do something about deflation, I would argue that problem is already several enough to warrant some action. Read more

XE Market Analysis: Asia - Feb 14, 2014

By: XE Market Analysis

FX trade was quiet on Friday, into a long North American weekend. U.S. data was mixed, with import prices a bit firmer, industrial production softer, and Michigan sentiment slightly better than forecasts. EUR-USD ran up to 1.3714 highs into the open, though struggled to hold the figure through the session. Read more

XE Market Analysis: North America - Feb 14, 2014

By: XE Market Analysis

USD weakness persisted. EUR-USD forayed above 1.37, making a peak of 1.3714, which is a couple of pips shy of the Jan-27 peak. Stronger than expected GDP figures out the Eurozone inspired the rally, while the euro seemed unaffected by news of the resignation of Italian PM Letta. Read more

XE Market Analysis: Europe - Feb 14, 2014

By: XE Market Analysis

USD-JPY and yen crosses drifted lower, the AUD gave up early Sydney session gains, while EUR-USD pretty much flat-lined as the market consolidated yesterday's rally following a round of weakfish U.S. data. The main data releases in Asia were China inflation figures, which came in at 2.5% y/y, which didn't have much bearing on markets. Read more

XE Market Analysis: Asia - Feb 13, 2014

By: XE Market Analysis

FX trade was fairly quiet on N.Y. on Thursday, though the dollar stayed down after a round of weaker U.S. data. Weekly jobless claims were higher than expected, while January retail sales missed the mark. Equities were sharply lower after the softer data, though managed decent gains by the end of the session, while Yields moved higher on mixed Treasury auctions. Read more

(Relatively) cheap gas bringing lowest inflation rate siince the Great Recession

By: New_Deal_democrat

Since the middle of last year I have been using the change in the price of a gallon of gas to forecast that month's CPI in advance. My point has been, that all you really need to know about inflation is the price of gasoline. So far with one exception each forecast has turned out to be within 0.1% of the actual number. With all of January's and half of February's weekly E.I.A. Read more

XE Market Analysis: North America - Feb 13, 2014

By: XE Market Analysis

The USD remained on a generally soft footing as stock markets sank in Asia and Europe, and with the S&P 500 future showing a 0.6% loss ahead of the Wall Street open today. There were some notable earnings misses from the European corporate front, while in Asia there were reports of Chinese trust fund defaults. Read more

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