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XE Market Analysis: North America - Jan 07, 2015

By: XE Market Analysis

The dollar traded posted new trend highs against the euro and other currencies. EUR-USD clocked near nine-year low of 1.1842 (EBS low) in early Asia-Pacific trade after taking out Monday's nadir at 1.1860. A subsequent bounce stalled shy of 1.1900, and the euro subsequently drifted lower. Read more

XE Market Analysis: Europe - Jan 07, 2015

By: XE Market Analysis

EUR-USD and Cable made new trend lows while USD-JPY, AUD-USD and other pairings were relatively stable. EUR-USD traded to a near nine-year low of 1.1842 (EBS low) after taking out Monday's nadir at 1.1860. The pair subsequently rebounded to the 1.1865-80 area. Read more

XE Market Analysis: Asia - Jan 06, 2015

By: XE Market Analysis

The dollar fell against the yen and euro in N.Y. trade on Tuesday, though firmed up against the CAD and sterling. EUR-USD found good support under 1.1900 in morning trade, and when Wall Street fell sharply again, along with oil prices, the euro managed highs over 1.1950. Read more

Is Oil's Sell-Off Getting Overdone?

By: HaleStewart

     Over the last few months, oil's sell-off has been the story to talk about on Wall Street.  However, let's put this situation in perspective by looking at the long-term weekly chart: Read more

XE Market Analysis: North America - Jan 06, 2015

By: XE Market Analysis

The dollar rebounded from Asian session weakness, which had been led by a big dive in USD-JPY amid sharp equity market declines. A downward revision to Eurozone December PMI data, and a big miss in UK services PMI, prompted EUR-USD and Cable selling. Read more

XE Market Analysis: Europe - Jan 06, 2015

By: XE Market Analysis

A USD-JPY sell-off led broader dollar declines as the currency corrected a chuck of recent gains. Sharp declines in equity markets, and especially an underperformance in the Nikkei 225, which lost over 3% relative to the MSCI Asia Pacific's 1.1% decline, boosted the yen, as per the currency's usual inverse correlation with equity markets during heightened periods of risk aversion. Read more

XE Market Analysis: Asia - Jan 05, 2015

By: XE Market Analysis

Most of the FX action took place ahead of the N.Y. session, where the dollar was relatively steady. After posting nine-year lows of 1.1860 in early Asia, EUR-USD ranged between 1.1893 and 1.1941, staying over the figure for most of the session. The sharp slide on Wall Street weighed on USD-JPY, taking the pairing from 120.10 to 119.38 lows. Read more

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

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