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XE Market Analysis: North America - Oct 17, 2014

By: XE Market Analysis

The dollar majors settled after a volatile week while European and most Asian stock markets managed to recoup some of the ground lost this week. EUR-USD oscillated in a narrow range around 1.2800. USD-JPY lifted to the 106.50 area, achieving a two-day high and managing to climb above its 50-day moving average situated at 106.22. Read more

XE Market Analysis: Europe - Oct 17, 2014

By: XE Market Analysis

The dollar majors consolidated in pre-European Asian trade after a volatile week. Fresh data or other leads were in short supply, while an accidental re-release of the RBNZ's September statement caused only a brief stir as it generated headlines about the NZD being to strong. Read more

XE Market Analysis: Asia - Oct 16, 2014

By: XE Market Analysis

The dollar was mostly lower in N.Y. trade on Thursday, despite the bounce back on Wall Street, and some decent U.S. economic data. Weekly jobless claims were the lowest in years, while industrial production and the Philly Fed index both beat expectations. Read more

U.S. Consumer Spending At A Moderate But Sustainable Pace

By: HaleStewart

The latest market correction has attracted a great deal of attention. And, it has once again placed a great deal of focus on the underlying economic condition of the US economy. As I noted yesterday, both the leading and coincident economic indicators (which comprise a total of 14 different economic statistics) are pointing to continued moderate US growth. Read more

XE Market Analysis: North America - Oct 16, 2014

By: XE Market Analysis

The dollar rebounded as the market turned to the dollar in an risk averse environment as European stocks turned sharply lower. News that Spain's auction of 10-year paper fell short of target was both a symptom and a risk-off catalyst, while the Ebola outbreak is inviting comparisons in the media to the economically disruptive 2003 SARS outbreak in Asia. Read more

XE Market Analysis: Europe - Oct 16, 2014

By: XE Market Analysis

The dollar has consolidated Wednesday's losses seen after soggy U.S. PPI and retail sales data. Asian stocks continued to tumble, and another risk-off day looks likely in Europe amid fears about Ebola, which is inviting comparisons to the economically disruptive SARS outbreak in Asia in 2003. Read more

XE Market Analysis: Asia - Oct 15, 2014

By: XE Market Analysis

It was a wild ride in the markets in N.Y. on Wednesday, as the dollar, Treasury yields, and Wall Street all went into the tank. The selling started in earnest after a trifecta of weak U.S. data, which include soft retail sales, cool PPI, and a sharp pullback in the N.Y. Read more

US Economy Is In Decent Shape

By: HaleStewart

While the recent equity market sell-off has gotten a lot of headlines, the underlying US economic condition -- which provides the fundamental backdrop for US equity performance -- has been ignored. To rectify that situation, let's take a look at the leading and coincident economic indicators, starting with the leading: The table above is from the latest Conference Board US press release with the negative contributions to the LEIs circled in red. Read more

XE Market Analysis: North America - Oct 15, 2014

By: XE Market Analysis

The dollar oscillated higher in Asia before oscillating lower during the European AM session, unable to capitalize on recent weak data out of Europe. EUR-USD has been holding the mid-1.26s after recovering from 1.2624, which was a two-day low. Final German HICP inflation was confirmed at 0.8% y/y to little market impact. Read more

XE Market Analysis: Europe - Oct 15, 2014

By: XE Market Analysis

The dollar extended gains in early Asia before consolidating slightly lower. Yesterday's weak set of data out of Germany and the U.K. had underscored the relative attractiveness of the greenback, even if a Fed tightening remains some way off. EUR-USD logged a new low for the week at 1..2620 before recovering to the 1.2650 area. Read more

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