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XE Market Analysis: Asia - Feb 13, 2015

By: XE Market Analysis

FX trade was light into the long North American weekend, with major dollar pairings largely remaining inside of narrow ranges. Import/export data had little impact on the dollar, though softer Michigan sentiment weighed, especially on the yen. EUR-USD peaked at 1.1432, after bottoming at 1.1380 at the open. Read more

International Economic Week in Review: Hope For the EU and Rising Concern For Australia Edition

By: HaleStewart

The main news out of the EU was a stronger than expected GDP report, which showed the entire region growing .9% Y/Y, thanks to a big push from Germany, which grew at a 1.5% pace. France eked out a .2% gain while Spain showed it is clearly out of a recession with a 2% Y/Y rate. Read more

XE Market Analysis: North America - Feb 13, 2015

By: XE Market Analysis

The dollar picked up some support during the European AM session after extending lower during Asian hours. EUR-USD ebbed back to the lower 1.14s after trading to an eight-day peak of 1.1439. Stronger than expected Eurozone GDP data didn't have much bearing, though the euro has continued to trade above its 20-day moving average, breaking above it yesterday for the first time since Dec-17, and which at 1.1380 now marks a key near-term support. Read more

XE Market Analysis: Europe - Feb 13, 2015

By: XE Market Analysis

EUR-USD traded to an eight-day peak of 1.1439 amid broader dollar softness today. The euro is trading above its 20-day moving average for the first time since Dec-17, suggesting that the big-picture bear trend has come to a pause. The ceasefire agreement in Ukraine and subduing of Grexit concerns (though we're not out of the woods yet on that front, with Greece at the EU leaders summit today in search of a "new contract" with the Eurozone) have helped give the euro and underpinning. Read more

XE Market Analysis: Asia - Feb 12, 2015

By: XE Market Analysis

The dollar had another rough outing on Thursday, losing ground across the board. The selling kicked off after a higher than expected weekly jobless claims report, and much softer January retail sales data. From session lows, EUR-USD gained nearly 100 points to touch 1.1423, while USD-JPY slid from over 119.80 to 118.51. Read more

Weak US retail sales: all about gas

By: New_Deal_democrat

As the weekly indicators for consumer spending have foretold, January retail sales disappointed.  Once again, Gallup's consumer spending report, which actually turned negative YoY for several weeks in January, proved its value as a real-time indicator. Read more

The Remarkable Depth and Breadth of Deflation

By: HaleStewart

Above are three charts of four ETFs: the DBA, which tracks agricultural commodities, the DBBs which track industrial metals, DBE, which tracks energy and DPP which tracks precious metals. The top chart is for three years, the middle is for two and the bottom is for one. On the three year chart, there are only a few months of positive returns from the DBAs, DBEs and DPP. Read more

XE Market Analysis: North America - Feb 12, 2015

By: XE Market Analysis

The euro and commodity bloc currencies rallied moderately on news of the agreement on Ukraine, which also went down well in European stock and commodity markets. EUR-USD lifted from the low 1.13s before stalling above 1.1350 for the second time in a day. Read more

XE Market Analysis: Europe - Feb 12, 2015

By: XE Market Analysis

EUR-USD briefly spiked to the 1.1350 area following a false headline that Greece had reached an agreement in principle at the Eurogroup meeting, and subsequently reversed back to low 1.13s as it became clear that this was not in fact the case. The group's Dijsselbloen said that a way forward had been agreed but that discussions would continue as a "little more time" is needed. Read more

XE Market Analysis: Asia - Feb 11, 2015

By: XE Market Analysis

The dollar continued on a narrow trading path versus the euro in N.Y. on Wednesday, managing a range of 1.1280 to 1.1320, keeping the 1.1300 mark at dead center. USD-JPY managed new one-plus month highs, peaking at 120.44, just 30 points from 2015 highs, while USD-CAD rallied to within a tick or two of 1.2700, as oil turned lower yet again. Read more

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