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XE Market Analysis: Asia - Feb 09, 2015

By: XE Market Analysis

The dollar attempted to rally in early N.Y. dealings on Monday, though ultimately struggled, as equities and yields stayed down. There was no data to move the markets, though higher oil prices supported the CAD and AUD through the session. EUR-USD fell to 1.1271 lows early in the session, though found support ahead of 1.1262, which represented the January 29 low. Read more

XE Market Analysis: North America - Feb 09, 2015

By: XE Market Analysis

EUR-USD drifted back to the 1.1330 area after failing to sustain gains above 1.1350 as the broader correction in the dollar fizzled out. The pair had clocked one-week low at 1.1295 in early Asia-Pacific trade before rebounding. USD-JPY tested the 118.50 level before steadying, which followed the dollar's correction. Read more

XE Market Analysis: Europe - Feb 09, 2015

By: XE Market Analysis

UR-USD clocked a one-week low at 1.1295 in early Asia-Pacific trade on Monday before settling to narrow trading in the low 1.13s. The new low reflected general dollar firmness following the strong U.S. jobs report on Friday. USD-JPY has consolidated around 119.0 after logging a four-week peak at 119.22 on Friday. Read more

International Economic Preview For the Week of February 9-13

By: HaleStewart

The following economic releases will have a disproportionate impact on the markets in the coming week. Monday Read more

Weekly Indicators: Interest rates and Oil are still the story edition

By: New_Deal_democrat

Monthly January reports started with the near-blockbuster employment report, showing 1 million jobs added in the last 3 months, a significant increase in wages, and a slight uptick in the unemployment rate due to a huge influx into the labor force. January ISM manufacturing was less positive, while ISM services were more positive. Read more

US Equity Market Review For the Week of February 2-5: Minor Upside Breakout Edition

By: HaleStewart

Last week, the economic news for the US economy was incredibly strong. While it was somewhat panned in the press, the ISM manufacturing number printed at 53.5. Save for concerns about the negative impact of the west coast port slowdown, the anecdotal comments were also strong. Read more

XE Market Analysis: Asia - Feb 06, 2015

By: XE Market Analysis

The dollar rallied sharply and broadly after the much better U.S. January employment report, though the bulk of the trading action was over within an hour of the data. EUR-USD initially dropped to 1.1350 from 1.1455, rallied back to 1.390, then drifted off to session lows of 1.1312. Read more

International Economic Week in Review: the Malaise Edition

By: HaleStewart

Before getting into detail, here are the bullet points for the various economic regions Australia is showing weakness, which explains why the RBA lowered rates 25 basis points. However, it’s not to the point where we should be concerned about a recession Japan is improving from its technical recession Canada is being negatively hit by lower oil prices The US is powering forward at a solid rate The UK is also in a solid position The EU data is slightly hopeful The RBA lowered interest rates earlier this week (see here). Read more

XE Market Analysis: North America - Feb 06, 2015

By: XE Market Analysis

The dollar firmed slightly versus an underperforming euro, but was softer against most other currencies. EUR-USD ebbed to sub-1.1450 levels after leaving a peak at 1.1498 in New York trade on Thursday. USD-JPY drifted to the lower 117s but has remained shy of yesterday's Tokyo-session low at 117.02. Read more

XE Market Analysis: Europe - Feb 06, 2015

By: XE Market Analysis

The dollar firmed slightly versus the euro in Asian trade, but was soft against most other currencies. EUR-USD has ground lower, to the mid-1.1450s after leaving a peak at 1.1498 in New York trade on Thursday. The 20-day moving average capped the run higher yesterday, and is presently sitting at 1.1477. Read more

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