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XE Market Analysis: North America - Oct 30, 2014

By: XE Market Analysis

The dollar extended post-FOMC gains before recouping some lost ground. EUR-USD made a three week low of 1.2555 before recovering. The high so far has been 1.2593, which was seen following upside Eurozone data surprises, which still leaves the euro about 45 pips down on yesterday's New York closing level. Read more

XE Market Analysis: Europe - Oct 30, 2014

By: XE Market Analysis

The dollar extended post-FOMC gains in pre-European trade in Asia. The Fed, to recap, wound down QE3 on schedule and maintained the "considerable time" reference for low rates, but acknowledged the improvement in the labour market -- a mix that has left the markets with an upbeat but slightly more hawkish impression of the Fed's view. Read more

XE Market Analysis: Asia - Oct 29, 2014

By: XE Market Analysis

The dollar spent the morning session on a softer footing, as the market perhaps geared itself toward a more dovish FOMC announcement. EUR-USD made its way to highs near 1.2770, after the rolling off of noted 1.2650 option expiries at 10:00 EDT. USD-JPY eased back from 108.10, though held the 108 mark into the Fed. Read more

Weekly Indicators: very late edition

By: New_Deal_democrat

I wasn't able to get to this over the weekend, but here are the high frequency indicators for last week. Monthly data for September included a big increase in the index of leading economic indicators. There was a slight increase in consumer prices. Read more

Leading Indicators Point To Continued Japanese Weakness

By: HaleStewart

Although Japan had a 6% GDP growth rate in the first quarter, much of this was attributed to a sales tax hike pulling sales forward -- a thesis that was confirmed by the 7.1% contraction in the second quarter. Since then, economic numbers have been weak, most notably the decline in industrial production. Read more

XE Market Analysis: North America - Oct 29, 2014

By: XE Market Analysis

The major currencies saw limited change in pre-FOMC announcement trade. EUR-USD ebbed below the Asia session low to a nadir of 1.2723, though remained well within yesterday's range. Large options with strikes in the low 1.27s are due to expire at today's NY cut, reportedly, which have exerted some gravitational pull in subdued market conditions. Read more

XE Market Analysis: Europe - Oct 29, 2014

By: XE Market Analysis

Narrow ranges prevailed in pre-Europe trade in Asia with the proximity of the FOMC announcement continuing to be cited as the excuse. The forex market wasn't stirred by a prevailing risk-on sentiment as the MSCI Asia Pacific equity index rose over 1% to a four week high. Read more

XE Market Analysis: Asia - Oct 28, 2014

By: XE Market Analysis

The dollar slipped after a particularly weak durable goods report, and ultimately stayed down versus the European majors, though showed some resiliency against the yen. Yields bounced from lows after a better consumer confidence outcome, which kept equities on the rise. Read more

Lower interest rates drive slow improvement in September housing reports

By: New_Deal_democrat

Housing, perhaps the signle most important forward looking sector of the economy, hasn't been particularly kind to either bulls or bears. Those who thought that pent up demand would be sufficient for strong growth in hew housing starts and sales have found that demand can remain pent-up for a long time (e.g., 1929-45). Read more

XE Market Analysis: North America - Oct 28, 2014

By: XE Market Analysis

The dollar posted a moderate gain in generally subdued trading conditions as market participants hunker down ahead of tomorrow's FOMC announcement in the absence of fresh leads. The SEK was the main exception as the currency dropped sharply after the Riksbank cut interest rates to zero from 0.25%, below the median forecast of 0.05%. Read more

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