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XE Market Analysis: Asia - Oct 10, 2014

By: XE Market Analysis

The dollar was mostly steady to higher in N.Y. trade on Friday, as a wild week kept activity muted into the long North American weekend. Equity market volatility remained, as Wall Street continued to move between positive and negative territory through the session. Read more

International Week in Review: Eurodoom Edition

By: HaleStewart

Let’s begin by looking at a general overview of each major developed country with a non-manipulated currency. The EU region is perilously close to a recession, if it has not already begun. Unemployment is high, growth is weak and a potential deflationary spiral is either developing or in its early stages. After coming out of the New Year’s gates in strong fashion, the UK is slowing down. Read more

XE Market Analysis: North America - Oct 10, 2014

By: XE Market Analysis

The dollar reaming firm on Friday in Asia and Europe. A dive in the STOXX 600 equity index, down 1.4% at two-month lows (as of the time of writing), and a French industrial production miss had been catalysts for EUR-USD selling. The pair dove to a two-day low of 1.2650 -- nearly 150 pips down on Thursday's peak and a few pips below the levels prevailing before the release of the FOMC minutes on Wednesday. Read more

XE Market Analysis: Europe - Oct 10, 2014

By: XE Market Analysis

The dollar has consolidated Thursday's rebound as the market returns focus to this week's slew of soft economic data on the European side of the pond. EUR-USD has been oscillating in a narrow range on either side of 1.2700 after failing to sustain yesterday's brief gain above the 20-day moving average, which is presently sitting at 1.2750, and nearly a big figure down on the rebound high of 1.2791. Read more

XE Market Analysis: Asia - Oct 09, 2014

By: XE Market Analysis

The dollar reversed course in N.Y. trade on Thursday, clawing back some of its losses posted after the FOMC minutes on Wednesday. After EUR-USD stalled out over 1.2790 in London, the pairing fell back to 1.2665 lows. USD-JPY meanwhile, which based at 107.53 in early trade, made its way back toward 108.20. Read more

Is the US economy finally about to break free of the Oil choke collar?

By: New_Deal_democrat

If you've read my Weekly Indicator columns, you know that I have frequently mentioned the Oil choke collar. By that I mean, in the aftermath of the Great Recession, every time the economy appeared to pick up steam, gasoline prices would rocket toward $4 a gallon. Read more

XE Market Analysis: North America - Oct 09, 2014

By: XE Market Analysis

The dollar extended losses in Asia and Europe as markets continued to adjust to the dovish-leaning FOMC minutes, which also earmarked dollar strength as a specific concern for some Fed policymakers. EUR-USD lifted to 1.2791, taking out the 20-day moving average on route, marking this as the first day the euro has traded north of this average since Jul-15. Read more

XE Market Analysis: Europe - Oct 09, 2014

By: XE Market Analysis

The dollar extended loss seen on the dovish FOMC minutes, which showed some members seeing "significant underutilization" of labour resources and concerned about a firmer dollar. EUR-USD extended to a two-week high at 1.2759 during the Asian session, while USD-JPY sank back below 108 and has so far came within four-pips of yesterday's low at 107.75, which stands as a three-week low. Read more

XE Market Analysis: Asia - Oct 08, 2014

By: XE Market Analysis

The dollar was largely softer in early N.Y. trade on Wednesday, though as Wall Street clawed back opening losses, the greenback firmed up some going into the FOMC minutes release. The dollar was smacked broadly lower at the release, where the Fed voiced concerns over the strength of the dollar, and its impact on the U.S. Read more

The UK Isn't As Strong As You Think

By: HaleStewart

After the first of the year, the UK had the best economic numbers of the developed world, hands down. PMIs were hitting high levels and GDP growth was strong. But over the last few months, the strength of the underlying data has weakened, indicating a slowdown from these high levels may be on the horizon. The strongest evidence of this is contained in the latest Markit PMI press release: The mid-year slowdown in the rate of expansion of manufacturing production continued in September, as growth of new orders eased to near-stagnation. Read more

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