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XE Market Analysis: Europe - Mar 24, 2014

By: XE Market Analysis

The yen traded moderately softer as the Nikkei stock index surged as Japanese markets reopening following Friday's holiday. The Nikkkei's 1.8% closing gain outperformed the region (the MSCI Asia Pacific gained 0.9%) even though the flash estimate of the China HSBC-Markit PMI disappointed at 48.1 (median was for 48.7). Read more

Weekly Indicators: springing to life edition

By: New_Deal_democrat

Monthly news for February featured a big positive number for the Leading Economic Indicators. In large part this was due to the big rebound in housing permits. Housing starts, however, fell, as did existing home sales. Industrial production rose strongly. Read more

International Week in Review; More of the Same Edition

By: HaleStewart

Let's start by looking at the news from the EU, where we learned prices are still very much contained. Core CPI came in at 1% Y/Y, while total CPI was .7% for the same period. There is also no wage pressure, as these costs increased a mere 1.4% in 4Q2013. Read more

XE Market Analysis: Asia - Mar 21, 2014

By: XE Market Analysis

After a busy week, FX trade was light and relatively quiet in N.Y. on Friday. Following the sharp gains posted this week, the dollar came under s bit of position squaring pressure versus the European majors and the commodity bloc. There was no U.S. data releases, though equities managed to rally, taking the S&P 500 to its best levels ever. Read more

Chinese Yuan Moving Higher

By: HaleStewart

Above is chart for the dollar/yuan. Over the last five years, it has decreased a little over 11%. However, over the last few weeks, the PBOC has allowed the yuan to rise strongly. Read more

XE Market Analysis: North America - Mar 21, 2014

By: XE Market Analysis

The USD traded mostly softer versus yesterday's New York closing levels, correcting some of the strong gains made in the wake of the FOMC this week. Trade was quiet due to a lack of market-moving themes and with Japanese markets having been closed today for the Vernal Equinox holiday. Read more

XE Market Analysis: Europe - Mar 21, 2014

By: XE Market Analysis

Narrow ranges prevailed among the main currencies in a session that was quieted by the absence of Japan, which was out for the Vernal Equinox holiday. The PBoC set the USD-CNY reference rate at 6.1475, below Thursday's fixing of 6.1460, though the pair hit 6.2370, which was the weakest the yuan has traded at since Feb-25 last year. Read more

XE Market Analysis: Asia - Mar 20, 2014

By: XE Market Analysis

The dollar firmed further in early N.Y. trade on Thursday, adding modestly to gains posted after the FOMC on Wednesday. As Wall Street turned higher however, and Treasury yields peaked out and subsided some, the dollar and the yen came off their best levels through the remainder of the session. Read more

The US economic soft patch may be over, but significant job losses in coming months are a significant possibility

By: New_Deal_democrat

It appears that the soft patch the economy hit in December and January may have ended. Of the four primary series measuring production (blue in the graph below), real sales (green), jobs (red), and real income (orange), all but jobs declined in both December and January: But as the graph shows, industrial production, jobs, and real sales have all risen in February. Read more

XE Market Analysis: North America - Mar 20, 2014

By: XE Market Analysis

The USD extended higher against the EUR and some other currencies during the European AM session after pausing the post-FOMC rally during Asia. EUR-USD led the way, dropping to a two-week low of 1.3762, which is nearly 50 pips under yesterday's New York closing low. Read more

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