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XE Market Analysis: Europe - Oct 08, 2014

By: XE Market Analysis

The dollar is slightly firmer, on net, against most other currencies since the London close yesterday. EUR-USD is trading near 1.2630, and USD-JPY neat 108.45 after recovering from an early-Tokyo dip to 107.75. AUD-USD reverse a good portion of the gain seen yesterday in ebbing back to the 0.8755 area., aided by news that the Australian Bureau of Statistics said that July and August jobs data were going to be revised (the August release had shown a 121k seasonally adjusted rise in employment, which many economists viewed as implausible)..[EUR, USD]EUR-USD recovered the 1.2600 handle amid a sense that downside potential has become exhausted for now in a market that has build up an extreme net short exposure to the euro. Read more

XE Market Analysis: Asia - Oct 07, 2014

By: XE Market Analysis

FX trade was fairly quiet in N.Y. on Tuesday, with the dollar mixed overall. USD-JPY traded a narrow range of 108.12 to 108.43, staying lower on the back of another risk-off session, as equities fell along with Treasury yields. EUR-USD found support into 1.2585, and spent the bulk of the morning session moving higher, eventually peaking over 1.2660, but shy of London's peak. Read more

BOJ Notes Weakening Economic Picture

By: HaleStewart

There was a profound fear of Japan when I was in college back in the 1980s. It seemed as though Japanese investors were purchasing every piece of real estate in the US. Japanese companies were also handily outperforming their US competitors, leading to the US studying Japanese management and business techniques. Read more

XE Market Analysis: North America - Oct 07, 2014

By: XE Market Analysis

The euro came under pressure again, which drove EUR-USD back below 1.2600 after an early European AM flurry stalled at 1.2664, short of yesterday's peak at 1.2675. A much weaker than expected 4% m/m decline in German industrial production elicited euro bears back into the open. Read more

XE Market Analysis: Europe - Oct 07, 2014

By: XE Market Analysis

The dollar retained a generally soft tone as the correction from Friday's post-payrolls surge continued. A lot of equity research have been warning about the impact of the strong dollar on multinational corporate earnings, and this seems to be playing a role in the greenback's correction. Read more

XE Market Analysis: Asia - Oct 06, 2014

By: XE Market Analysis

The dollar gave back the bulk of Friday's U.S. jobs report inspired gains in N.Y. trade on Monday, though volumes overall were said to have been relatively light. There was no data to drive the markets, and while Wall Street started out strong, it eventually turned lower, which weighed on the greenback. Read more

France and Italy Align Themselves Against Germany Regarding Fiscal Issues

By: HaleStewart

In January 2010 a paper titled “Growth in a Time of Debt” stated that a debt/GDP ratio over 90% was detrimental to long-term economic growth. Although the paper’s basic argument was questioned when released, the “90%” line in the sand become a cornerstone of economic policy-making during the post-Lehman recovery. Read more

XE Market Analysis: North America - Oct 06, 2014

By: XE Market Analysis

The dollar gave back some of Friday's post-payrolls advance. Today's move picked up during the European AM after a thin Asian session where some centres were closed for public holidays. EUR-USD had reached a peak of 1.2571 as of the time writing after opening in Asia at 1.2412-13. Read more

International Economic Preview For The Week of October 6-10

By: HaleStewart

     The following economic releases will have a disproportionate impact for the week of October 6-11. Monday Read more

Weekly Indicators: more deceleration edition

By: New_Deal_democrat

Monthly data for September started out with a strong jobs report, and declining unemployment, but flat wages. Motor vehicle sales declined from August. ISM manufacturing and services both declined, but were still quite positive. Consumer confidence declined. Read more

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