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XE Market Analysis: Europe - Nov 08, 2013

By: XE Market Analysis

After wild price action on Thursday Asian markets experienced more orderly action. Some of the price swings yesterday were heavily influenced by positioning. USD-JPY did a 180 pip round from 98.70 up to 99.40 down to 97.60 before it steadied. In Asia, there were heavy buyers on dips, but broad equity market losses weighed as the JPY crosses were underpinned by further deleveraging after yesterday's U.S. Read more

XE Market Analysis: Asia - Nov 07, 2013

By: XE Market Analysis

The dollar surged higher in early N.Y. trade, as the ECB surprised the market, and cut interest rates by 0.25 %. EUR-USD gapped to 1.3354 from over 1.3500 immediately after the rate cut, and after the better U.S. GDP print, but in a base of 1.3295. The greenback moved broadly higher after the rate cut, posting gains versus all the major currencies. Read more

A note about the Idex of Leading Economic Indicators

By: New_Deal_democrat

Yesterday the Conference Board released the Index of Leading Economic Indicators for September, which had been delayed due to the government shutdown affecting data releases last month. The index rose 0.7 for the second month in a row, and had its highest YOY reading in two years. Read more

XE Market Analysis: North America - Nov 07, 2013

By: XE Market Analysis

The FX majors held their ground ahead of today's key event risks, which included rate decisions from the BoE and ECB, along with U.S. advance Q3 GDP and jobless claims data. EUR held the 1.3500 level throughout the session following yesterday's move towards 1.3550, while Cable marked time just under 1.6100 amid a slightly improved EUR-GBP tone. Read more

XE Market Analysis: Europe - Nov 07, 2013

By: XE Market Analysis

The FX majors held their ground ahead of today's key event risks, which included rate decisions from the BoE and ECB, along with U.S. advance Q3 GDP and jobless claims data. EUR held the 1.3500 level throughout the session following yesterday's move towards 1.3550, while Cable marked time just under 1.6100 amid a slightly improved EUR-GBP tone. Read more

XE Market Analysis: Asia - Nov 06, 2013

By: XE Market Analysis

FX trade was largely quiet in N.Y. on Wednesday, as the market prepped itself for Thursday's ECB meeting. There was a brief flurry in EUR-USD when MNI reported ECB sources to have said there would be no rate cut on Thursday, which resulted in a modest euro rally. Read more

XE Market Analysis: North America - Nov 06, 2013

By: XE Market Analysis

Risk appetite picked up during the European morning after a mixed overnight session. GBP added to Tuesday's gains after U.K. manufacturing and production data beat expectations, which lifted Cable above 1.6100 and left EUR-GBP heavy below 0.8400. EUR benefited from an upward revision in Eurozone composite PMI, although it was still down from September and the national readings were mixed. Read more

XE Market Analysis: Europe - Nov 06, 2013

By: XE Market Analysis

The FX majors consolidate in Asia and were largely unchanged from Tuesday's N.Y. closing levels. Good U.S. data revived expectations that the Fed could taper policy in December, which provided a modicum of support for the dollar on dips, though larger flows were still minimal ahead of Thursday's ECB policy outcome and key U.S. Read more

UK News Continues to Be Pound Bullish

By: HaleStewart

Thanks to a period of forced austerity, the UK economy experienced very slow growth, as shown in the following chart: From the end of 2011 to the first quarter of this year, the best rate of annual growth for the UK economy was 1.1%. However, also notice that over the last two quarters we’ve seen a marked acceleration of growth, with the annual rate printing at 1.3% and 1.5% in the last two readings. Read more

XE Market Analysis: Asia - Nov 05, 2013

By: XE Market Analysis

The dollar firmed up versus most major currencies in N.Y. trade on Tuesday, as EU growth projections were trimmed, and EU PPI softened further. In addition, U.S. non manufacturing ISM printed better than expected levels, Wall Street took Europe's losing lead early on, though managed to recover later in the session on the back of the improved ISM. Read more

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