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XE Market Analysis: Europe - Mar 12, 2015

By: XE Market Analysis

EUR-USD dove to a new trend low for a seventh straight day in making 1.0495 in Asia, since lifting to the 1.0540 area. A Citigroup research note pithily observed that if EUR-USD continues to fall at the average rate of decline seen over the last couple of weeks (which is 56 pips per day), the pair will reach zero by Jul-22. Read more

XE Market Analysis: Asia - Mar 11, 2015

By: XE Market Analysis

Another day, another record high for the USD index, which ramped up 1.25% to just under the 100.00 mark. EUR-USD losses of course were the major driver, as that pairing traded into 1.0512 lows, from N.Y. session highs of 1.0628. USD-JPY was steady between 121.20 and 121.60, though EUR-JPY took a fresh tumble under 128.00. Read more

US Labor Market Statistics Indicate This Is NOT The Time To Raise Rates

By: HaleStewart

The Federal Reserve has a dual mandate: price stability and full employment. With the inflation rate far below the Fed’s 2% target, price stability has been achieved – at least for now. But with the unemployment rate at 5.5%, some commentators believe that we are at or very close to full employment, giving the Fed room to begin raising rates. Read more

XE Market Analysis: North America - Mar 11, 2015

By: XE Market Analysis

The euro's dive accelerated. EUR-USD plunged to new major-trend low for a sixth consecutive trading day, clocking 1.0665 in Asia before freefalling to 1.0568 in Europe. Focus today is on the latest round of Greek bailout talks (which commence at 13 GMT), with the issue remaining an open sore on the euro's side. Read more

XE Market Analysis: Europe - Mar 11, 2015

By: XE Market Analysis

The euro remained under general pressure. EUR-USD fell to a new major-trend low for a sixth consecutive trading day in clocking 1.0665 in Asia. Bounces have remained 'dead cat' affairs and the market remains pretty one way. Focus today is on fresh Greek bailout talks, which remains an open sore on the euro's side. Read more

XE Market Analysis: Asia - Mar 10, 2015

By: XE Market Analysis

The dollar rallied again on Tuesday in N.Y. sending the USD index to new multi-year highs of 98.60. The move was led by EUR-USD losses, which traded briefly to 1.0698 lows. After easing under 121.00 into the N.Y. open, USD-JPY found its footing, and remained above the figure through the session. Read more

XE Market Analysis: North America - Mar 10, 2015

By: XE Market Analysis

The rout continued with EUR-USD making new trend lows both in Asia and in the European AM. The new 11-year-plus low is 1.0746, which came after a dead-cat bounce stalled at 1.0823 in the early London AM. The September 2003 low at 1.0762 was breached, and the April low of that year at 1.0558 provides the next interim target for the myriad of forecasters, ourselves included, targeting parity. Read more

XE Market Analysis: Europe - Mar 10, 2015

By: XE Market Analysis

Another day, another major-trend low in EUR-USD, which came under pressure throughout the pre-Europe session in Asia. The low was 1.0785 and there's been scant rebound. The September 2003 low at 1.0762 is an interim target ahead our big-picture target of parity, with the ECB's money printing and the likely June commencement of Fed tightening setting up the pair for sustained losses. Read more

XE Market Analysis: Asia - Mar 09, 2015

By: XE Market Analysis

The dollar firmed up some in N.Y. trade on Monday, though ranges overall were on the narrow side. EUR-USD dipped under 1.0840, though was unable to give the overnight trend low of 1.0823 a test. USD-JPY meanwhile, topped 121.30, up from session lows near 120.85. Read more

International Economic Preview For the Week of March 9-13

By: HaleStewart

     The following data releases will have a disproportionate impact on the news cycle this week. Monday Read more

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