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US Equity Market Review For the Week of March 16-20: Small and Mid-Caps Outperform, Edition

By: HaleStewart

Last week, both the small and mid-cap ETFs broke through upside resistance and printed new highs. The IWCs were up 2.5% for the week, closing at 80.49 while the IJHs rose 4.5% and closed at 153.69. This continues a trend that started in early October where the small and mid-cap sectors outperformed the mega-cap stocks. Read more

Weekly Indicators: beware weakness in industrial production and rail transport edition

By: New_Deal_democrat

Monthly reports for February included the Index of Leading Indicators, up .2, Housing permits, up to the second best level of this expansion, but the more volatile housing starts down. Both industrial production and capacity utilization were down significantly including January revisions. Read more

XE Market Analysis: Asia - Mar 20, 2015

By: XE Market Analysis

The dollar fell broadly and sharply through the N.Y. session on Friday, with EUR-USD gains leading the way. Germany's Merkel made it clear Greece would not exit the EU, while Greece's Treasury Ministry made some encouraging noises, saying Greece is working with a "constructive spirit" on its reform plan. Read more

International Economic Week in Review: Minute by Minute, Edition

By: HaleStewart

Let’s start with the UK which released two pieces of key news, starting with a 5.7% unemployment rate, which remained stable from the preceding month. This important metric has been in a solid decline for the last year: In addition, the BOE released the minutes of their latest meeting. Read more

XE Market Analysis: North America - Mar 20, 2015

By: XE Market Analysis

EUR-USD has settled in the high 1.06s, trading a narrow range compared to the last couple of days. The sharp post-FOMC spike and subsequent 'gap filling' U-turn looks like an aberration on the daily bar chart, though higher lows over the last four trading days indicate an abatement in downside momentum after the pronounced declines seen over the first couple of weeks of March. Read more

XE Market Analysis: Europe - Mar 20, 2015

By: XE Market Analysis

EUR-USD lifted to the high 1.06s, with trading ranges remaining relatively narrow compared with the last couple of days. While the sharp post-FOMC spike and subsequent U-turn looks like na aberration on the daily bar chart, lower lows have been seen over the last four trading days, affirming that there has been an abatement in downside momentum after the pronounced declines see over the first couple of weeks of March. Read more

XE Market Analysis: Asia - Mar 19, 2015

By: XE Market Analysis

The dollar rallied in N.Y. trade on Thursday, seeing EUR-USD unwind all of Wednesday's stellar gains. The pairing peaked at 1.0730 early in the session, before falling back to 1.0619 lows. The 19 level was the low print on Wednesday in the immediate aftermath of the FOMC announcement. Read more

XE Market Analysis: North America - Mar 19, 2015

By: XE Market Analysis

EUR-USD completed a full U-turn as the dollar rebounds from the post-FOMC's dive. EUR-USD touched 1.0630, which is around 20 pips below the levels seen just ahead of the Fed's announcement yesterday. The drop was concomitant with a steadying in the dollar's yield advantage over the euro, which is recouped above 176 bp at the 10-year T-note versus Bund yield comparison, up from the low 170s. Read more

XE Market Analysis: Europe - Mar 19, 2015

By: XE Market Analysis

EUR-USD stormed to a high of 1.1051 from levels near 1.0650 following the unexpectedly dovish FOMC statement, subsequently settling to the 1.0750-1.0800 area. The sharp rebound was driven by a stampede of dollar short covering, with interbank traders scrambling to cover stop loss orders on the way up. Read more

XE Market Analysis: Asia - Mar 18, 2015

By: XE Market Analysis

The FX market was very quiet into the 14:00 EDT FOMC announcement and statement, with EUR-USD sitting at 1.0660 into the Fed, before ramping up to 1.0799 highs. USD-JPY slipped under 121 to 121.80 lows in morning trade, before eventually falling back under 120.50 post-Fed. Read more

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