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XE Market Analysis: Asia - Jun 02, 2015

By: XE Market Analysis

The dollar got clobbered in N.Y. trade on Tuesday, led by EUR-USD's fast rise to highs over 1.1190, after opening near 1.1000. Stop loss buying was a key driver of the euro's rally, with buyers surging in on the break of 1.1010, and again at 1.1100. The EUR-USD move spilled over to the other major dollar pairings, resulting in USD-JPY touching 123.75 lows, after making multi-year highs over 125 in Asia. Read more

XE Market Analysis: North America - Jun 02, 2015

By: XE Market Analysis

The euro has been better supported, and the Australian dollar rallied following the RBA's unchanged policy announcement. EUR-USD managed to lift back toward 1.1000 after skirting to a 1.0891 low on Monday following above-forecast U.S. data. EUR-JPY is also trading at five-month highs, and most other euro crosses are holding firm. Read more

XE Market Analysis: Europe - Jun 02, 2015

By: XE Market Analysis

The dollar settled, the euro has been better supported while the Australian dollar rallied on the RBA's unchanged policy announcement. EUR-USD managed to lift back above 1.0900 after skirting to a 1.0891 low on Monday following above-forecast U.S. data. Read more

XE Market Analysis: Asia - Jun 01, 2015

By: XE Market Analysis

A series of stronger U.S. data got the dollar fired up in N.Y. on Monday, as personal income, manufacturing ISM, and construction spending numbers all beat street expectations. EUR-USD had been trending higher into the N.Y. open, though the pairing topped out at 1.0979, before sliding to 1.0888 lows. Read more

International Economic Preview For the Week of May 25-29

By: HaleStewart

The following economic releases will have a disproportionate impact on the markets next week Monday EU Final Markit Manufacturing Numbers: starting at the beginning of the year, these numbers started to show a slow but consistent expansion for the EU region. Read more

XE Market Analysis: North America - Jun 01, 2015

By: XE Market Analysis

The dollar remain well bid today, while sterling was an underperformed following a UK PMI miss. EUR-USD posted a low at 1.0891. We expect the downside bias to persist as there has been no change in the dominant bearish narrative that drove the pair some 4% lower during the latter half of May: the continued lack of substantive progress in Greece's bailout negotiations, and the rekindled Fed tightening theme. Read more

XE Market Analysis: Europe - Jun 01, 2015

By: XE Market Analysis

EUR-USD is lower today after three successive up days, through to Friday when a high was left at 1.1006. The pair has today drifted to the mid-1.09s. We expect EUR-USD to retain a downside bias. There has been no change in the dominant bearish narrative that drove the pair some 4% lower during the latter half of May, after making a three-month peak of 1.1486 on May-15: the continued lack of substantive progress in Greece's bailout negotiations, and the rekindled Fed tightening theme. Read more

US Equity and Economic Review For the Week of May 25-29; Can't Hold Onto New Highs, Edition

By: HaleStewart

Hale Stewart is a former bond broker who has been writing about economics and financial markets since 2006 on the Bonddad Blog. He is also a tax attorney with a domestic and international practice while also forming and managing captive insurance companies for US companies. Read more

Weekly Indicators: bifurcation intact edition

By: New_Deal_democrat

Monthly data for April included blowouts in new home permits and starts, which in turn lifted the index of Leading Indicators up strongly. Existing home sales disappointed somewhat. Consumer prices increased slightly due mainly to shelter costs. The Philly Fed manufacturing index was mildly positive. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy. Read more

International Economic Week in Review: The Flood Waters, Edition

By: HaleStewart

Due to the severe weather in Houston, Texas, this version is somewhat truncated. There were two important indicators from Canada. The first was the Bank of Canada’s rate decision, where they kept rates at 75 basis points. The release noted low inflation was transitory and largely caused by oil prices. Read more

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