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XE Market Analysis: Europe - Jun 18, 2014

By: XE Market Analysis

The dollar held steady-to-firm in the wake of the unexpected spike in U.S. CPI. Trading conditions were somewhat muted ahead of the FOMC announcement due later today. USD-JPY clocked a one-week high of 102.31, and the pair was settled a few pips below here just ahead of the London open. Read more

XE Market Analysis: Asia - Jun 17, 2014

By: XE Market Analysis

A firmer May CPI reading helped the dollar out early in the session on Tuesday, though following the initial reaction, the greenback turned sideways into Wednesday's FOMC announcement. The FOMC is expected to focus on exit strategies and tools in this week's meeting. Read more

XE Market Analysis: North America - Jun 17, 2014

By: XE Market Analysis

The dollar traded firmer against a generally soft yen, while registering near net unchanged levels against the euro and sterling, with the latter having rebounded following a post-inflation data selloff. The Aussie dollar, meanwhile, was an underperformer after the RBA June minutes, which repeated the central bank's view that the currency is high in light of declines in commodity prices while noting that economic growth will be below trend for the next year or so, and that inflation will likely remain within the target band. Read more

XE Market Analysis: Asia - Jun 16, 2014

By: XE Market Analysis

N.Y. FX trade was fairly nondescript on Monday, with narrow ranges largely the rule. USD-JPY managed a 101.76 to 101.91 trading band, while EUR-USD put in a 1.3535 to 1.3579 band, matching Friday's peak. Risk levels were subdued overall, given geopolitical events in Iraq and Ukraine. Read more

Euro/Dollar Chart Now In New Territory

By: HaleStewart

For the month of May, the euro/dollar chart has been moving slowly lower, moving from from the 1.39 level to the 1.35 level. Also note the decrease in momentum over this period, as well as prices now being below all the EMAs -- especially the 200. Read more

XE Market Analysis: North America - Jun 16, 2014

By: XE Market Analysis

The forces of risk aversion stemming from Iraq were felt in FX markets, which had the effect of supporting the CHF and JPY, while the other theme was a secular GBP rally following fresh hawkish BoE-speak, this time from deputy governor Bean who backed up Friday's message of his boss, Carney. Read more

XE Market Analysis: Europe - Jun 16, 2014

By: XE Market Analysis

Risk-aversion had some influence currency markets as violence in Iraq continued over the weekend. Most Asian stock markets fell as a consequence, and the yen, following it usual inverse correlation with equities, rallied, albeit moderately. USD-JPY dipped to a low of 101.72, which unwound most of Friday's gain, while EUR-JPY came within a whisker of last week's four-month lows. Read more

International Week in Review: UK Still the Star Performer Edition

By: HaleStewart

Let’s start this week by looking at Japan, where the BOJ announced they would maintain their current interest rate policy and asset buying program. This move was anticipated by the markets, thereby having no major impact. However, we also learned that a revised 1Q GQP increased 1.4% Q/Q and 6.7% Y/Y – both solid numbers. Read more

Weekly Indicators: Iraq insurgency engages the Oil choke collar edition

By: New_Deal_democrat

There was little monthly data for May released this week. Retail sales rose, and April's surge in retail sales was revised to be even stronger. Producer prices fell. Import and export prices were flat. Business and wholesale inventories rose. Consumer sentiment was down slightly. My weekly report on the high frequency weekly indicators is meant to provide an up-to-this-week snapshot of the economy. Read more

XE Market Analysis: Asia - Jun 13, 2014

By: XE Market Analysis

The dollar was relatively steady in N.Y. trade on Friday, though generally added marginally to overnight gains. Cable steadied over 1.6950 after its sharp Carney driven gains overnight, while EUR-USD was sold off from 1.3555 at the open to lows near 1.3520. Read more

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