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Euro Trading At Historically Important Level

By: HaleStewart

The chart above shows an extended graph of the euro. For the duration of the post recession period, the 121-122.5 level on the euro/dollar chart has been a key area of technical support, with the chart printing several bottoms since the recession's end. Read more

XE Market Analysis: North America - Jan 05, 2015

By: XE Market Analysis

EUR-USD led a fresh dollar rally, which saw the euro crash below 1.20 and test the June 2010 lows at 1.1873-75. Cable and AUD-USD also declined while USD-CAD rallied to a fresh trend peak above 1.1800 as oil prices sank to new five-year lows. A sharp drop in preliminary German state inflation data for December, which is similar to the picture painted by prelim Spanish data last week, kept the pressure on the euro as this fits the prevailing market narrative of the ECB announcing a QE program on Jan-22. Read more

XE Market Analysis: Europe - Jan 05, 2015

By: XE Market Analysis

EUR-USD crashed through 1.2000 and logged a four-and-a-half year low at 1.1873, which according to our data matches the June 2010 low. A flood of sell-stop orders were triggered below 1.2000. The euro also lost ground to the yen and sterling, among other currencies. Read more

International Economic Preview For the Week of January 5-9

By: HaleStewart

     For the first full week of January, the following economic releases will have a disproportionate impact on the markets. Read more

Weekly Indicators: more of the same at the end of 2014 edition

By: New_Deal_democrat

Monthly December reports included positive consumer confidence, and positive but less so Chicago and ISM manufacturing.  The Case Shiller house prices report through October was neutral.  November construction spending was down, and December pending sales for houses turned positive. Read more

XE Market Analysis: North America - Dec 05, 2014

By: XE Market Analysis

The dollar traded firmer as markets anticipate the U.S. employment report, which is generally expected to come in sufficiently robust enough to paint a contrasting picture to the situation in the Eurozone and other key economies. EUR-USD tipped to the 1.2350 area, over 100 pips down from yesterday's post-ECB high and little affected by an unexpected jump in German manufacturing orders data today. Read more

XE Market Analysis: Asia - Dec 05, 2014

By: XE Market Analysis

The dollar soared to trend highs against the euro, yen and CAD in N.Y. trade on Friday, following a much stronger than expected November U.S. employment report. The NFP print handily beat expectations, while an added bonus was an uptick in hourly earnings. Read more

XE Market Analysis: North America - Dec 12, 2014

By: XE Market Analysis

The dollar traded lower, seeing a brief bout of selling during the London AM session. Thin liquidity exacerbated the move, and made for some pretty whippy price action. USD-JPY triggered stops through the 118.40-50 area and extending to a low of 118.05, subsequently rebounding toward 118.40. Read more

XE Market Analysis: Asia - Dec 24, 2014

By: XE Market Analysis

A very quiet, pre-Christmas session saw the dollar trade inside of narrow ranges, though mixed overall. Better than expected jobless claims helped Wall Street rally modestly, while yields moved higher after the data. EUR-USD peaked just shy of 1.2220 highs before heading back under the figure, while USD-JPY was stuck between 120.37 and 120.53 though the session. Read more

Potential 2015 Flashpoint #3: Japan

By: HaleStewart

Shinzo Abe was elected to the position of Japanese Prime Minister in 2012, largely on his plan to reinvigorate the Japanese economy after nearly two decades of stagnation. His plan had “three arrows:” a massive currency devaluation, fiscal stimulus and structural reform in several areas such as getting more women into the labor force and making it easier for companies to restructure their operations. Read more

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