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XE Market Analysis: Asia - Dec 31, 2014

By: XE Market Analysis

FX trade was very quiet on the final day of the year, though EUR-USD managed to make new 2.5 year lows of 1.2098, as the dollar elsewhere moved higher. Weekly jobless claims were firmer than expected, while the Chicago ISM missed the mark as well, though the outcomes were largely overlooked by the markets. Read more

XE Market Analysis: North America - Dec 31, 2014

By: XE Market Analysis

The main currencies have largely flat-lined during trade in Asia and Europe. The various absentees included Japanese, German and Italian markets, while business elsewhere wound down ahead of the new year holiday. AUD-USD managed to extend yesterday's gain, edging out a new two-week high at 0.8215, piercing the 20-day moving average (at 0.8204) for the first time since mid-November. Read more

XE Market Analysis: Europe - Dec 31, 2014

By: XE Market Analysis

The main currencies have largely flat-lined during the pre-Europe session in Asia. Activity has been very light with Tokyo closed and business winding down ahead of the new year holiday. AUD-USD managed to extend yesterday's gain, logging a new two-week high at 0.8215, piercing the 20-day moving average, presently situated at 0.8204, for the first time since mid-November. Read more

XE Market Analysis: Asia - Dec 30, 2014

By: XE Market Analysis

FX dealings were quiet on the last full trading day of 2014, though while the dollar started out on a weaker footing, it made up modest ground after the London close. Softer than forecast housing price data and consumer confidence had little impact overall. Read more

Potential 2015 Flashpoint #2: The EU

By: HaleStewart

Yesterday, we learned that Greece will have to hold a new election at the end of January because their current president couldn’t win a large enough percentage of the vote. Compounding the potential problem is the political opposition is against the austerity rules imposed on Greece by the lenders. Read more

XE Market Analysis: North America - Dec 30, 2014

By: XE Market Analysis

USD-JPY led broader dollar declines, which saw EUR-USD rebound to the upper 1.21s after making a 29-month low at 1.2124. Stop covering in a thin year-end market amplified the magnitude of movements. USD-JPY dove over 100 pips to a two-week low at 119.18, subsequently recovering to the 119.80 area. Read more

XE Market Analysis: Europe - Dec 30, 2014

By: XE Market Analysis

The euro has traded lower in quiet markets in the pre-European open session in Asia. 'Grexit' concerns and expectations that the ECB is on course to announce a QE program at its Jan-22 policy meeting have been weighing. EUR-USD fell to a 29-month low at 1.2124, bringing the July 2012 major-cycle low at 1.2042 into scope. Read more

XE Market Analysis: Asia - Dec 29, 2014

By: XE Market Analysis

FX trade was subdued through the N.Y. session on Monday, though the dollar managed to move broadly higher. EUR-USD touched new trend lows of 1.2145, while USD-JPY made its way over 120.70 from lows near 120.50. Oil prices dropped to new lows under $53, as Wall Street was steady, and yields were virtually unchanged. Read more

XE Market Analysis: North America - Dec 29, 2014

By: XE Market Analysis

The dollar traded slightly lower. EUR-USD lifted to a high of 1.2221 after closing Friday at 1.2175/6, subsequently settling around 1.2200. Markets were at the time of writing waiting for the results of the third and final vote in the presidential election. Read more

XE Market Analysis: Europe - Dec 29, 2014

By: XE Market Analysis

The dollar traded slightly lower in quiet pre-Europe trade in Asia. EUR-USD lifted to a high of 1.2201 after closing Friday at 1.2175/6, subsequently settling around 1.2190. Cable saw a similar price action, as did AUD-USD, which rose to a peak of 0.8149 before settling around 0.8130. Read more

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