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XE Market Analysis: Asia - Oct 23, 2014

By: XE Market Analysis

The dollar was relatively steady in N.Y. trade on Thursday, posting modest gains versus the euro early on, before fading back in the afternoon. The pairing ranged between 1.2630 and 1.2672 through the session. USD-JPY caught a bid from a surging Wall Street, and firmer yields, taking the pairing to 108.30 highs. Read more

Lack Of Inflationary Pressures Caused By Global, Not Country Level, Forces

By: HaleStewart

There has been a tremendous amount of disussion over the last month on the topic of inflation. It started with a Bloomberg article that focused on the economists who signed an open letter to Bernanke arguing that QE would lead to inflation. In another article, Bloomberg asked these signatories to defend their call. Read more

XE Market Analysis: North America - Oct 23, 2014

By: XE Market Analysis

The dollar has traded mixed, making a 10-day peak against the yen at 107.64 after the BoJ auctioned debt at a negative yield for the first time on record, but losing ground to the euro, which firmed on an unexpected rise in the flash October Eurozone PMI estimate. Read more

XE Market Analysis: Europe - Oct 23, 2014

By: XE Market Analysis

The dollar traded marginally firmer for the most part. EUR-USD edged out a nine-day low of 1.2632, which is 15 pips below yesterday's low, and USD-JPY firmed to a peak of 107.35, two pips shy of yesterday's peak. A bout of yen selling was seen after the BoJ auctioned debt at a negative yield for the first time. Read more

XE Market Analysis: Asia - Oct 22, 2014

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Wednesday, gaining ground against the euro, CHF and yen, while stumbling against the euro, and losing ground to the CAD following a not-so-dovish BoC policy statement. Talk of the ECB's plan to buy corporate bonds kept pressure on the euro, while USD-JPY held over 107 after U.S. Read more

Simple Supply and Demand Sending Oil Prices Lower

By: HaleStewart

James Hamilton, who blogs over at Econbrowser, has done extensive research into the macro-level effects of oil prices. His research has concluded that a large percentage of post-WW II recessions have been caused by oil price shocks. In addition, oil is one of the most important variables effecting inflation calculations and consumer spending. Read more

XE Market Analysis: North America - Oct 22, 2014

By: XE Market Analysis

The dollar was generally firm. EUR-USD lost about half a big figure from on the early London high at 1.2939, taking the pair back below 1.27. The move was prompted by Spanish news agency Efe reporting that 11 banks from six European countries are likely to fail the stress tests, which are due to be published on Sunday (Oct-26), though the ECB has since dismissed this has "highly speculative." Cable dipped to six-day lows on the BoE minutes to the October MPC meeting, which took the pair to the low 1.60s from levels near 1.6065 seen just ahead of the release and down from the intraday high at 1.6130. Read more

XE Market Analysis: Europe - Oct 22, 2014

By: XE Market Analysis

The dollar is trading marginally firmer relative to yesterday's London closing levels. This extends the theme established yesterday in the wake of the Reuters report that the ECB is planning on buying corporate bonds in the secondary market, which sparked a EUR-USD sell-off. Read more

XE Market Analysis: Asia - Oct 21, 2014

By: XE Market Analysis

The dollar was again firmer versus the major European currencies in N.Y. trade on Tuesday, as the euro lost ground on reports the ECB may begin to buy corporate bonds. The Reuters report was downplayed by the FT, though EUR-USD spent the session slipping slowly lower, touching 1.2717 lows, after opening near 1.2775. Read more

XE Market Analysis: North America - Oct 21, 2014

By: XE Market Analysis

EUR-USD took a dive on a report about the ECB, which is apparently preparing to buy corporate bonds, according to a Reuters "exclusive" that states that a program could be implemented early next year (see report). The news saw EUR-USD dive to the 1.2760 area after trading as high as 1.2840 earlier. Read more

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