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XE Market Analysis: North America - Jul 10, 2014

By: XE Market Analysis

The dollar recovered against most currencies from the losses seen in the wake of the FOMC minutes yesterday, though USD-JPY was a notable exception as it dove amid a risk-aversion trade, with stocks taking a dive in Europe following a batch of dissatisfying corporate earnings reports. Read more

XE Market Analysis: Europe - Jul 10, 2014

By: XE Market Analysis

USD majors were mostly steady, while AUD and NZD were movers in pre-Europe trade in Asia. EUR-USD managed to eke out a fresh one-week high of 1.3649. The FOMC minutes didn't show any ratcheting up in hawkish language, not giving any indication of a policy change anytime soon with policymakers seeing more slack in the jobs market than is reflected by the unemployment rate. Read more

Analysts Are Wrong In Revising US Interest Rate Projections

By: HaleStewart

The Financial Times recently reported economists are revising the dates when they are projecting the Federal Reserve will start to lower rates. The main reason for their pulling the date forward is the recent downward movement of the US unemployment rate to 6.1%. Read more

XE Market Analysis: Asia - Jul 09, 2014

By: XE Market Analysis

Another quiet day in FX Land in N.Y. on Wednesday, with tight ranges again the rule rather than the exception. The greenback lost some ground to the European majors through the morning, though later managed to recoup some ground. EUR-USD traded briefly over 1.3640 from lows under 1.3605, before fading again. Read more

XE Market Analysis: North America - Jul 09, 2014

By: XE Market Analysis

The dollar has been trading fairly steadily against the other main currencies into today's FOMC minutes. EUR-USD edged out a six-day high at 1.3630 after ECB's Coene said that the euro wasn't strong, while 10-year T-note versus Bund yield differential also ebbed under 135 bp from 138-plus levels. Read more

Sub- 6% US unemployment rate looks likely in next few months

By: New_Deal_democrat

Back in the 1950s and 1060s, the rule was that an unemployment rate of 6% marked the boundary between a recession and an expansion.  We haven't seen that in 7 years, but it appears likely we will see it within 3 or 4 months. Read more

XE Market Analysis: Europe - Jul 09, 2014

By: XE Market Analysis

EUR-USD has remained buoyant, reaching a six-day high at 1.3623 and subsequently holding above 1.3610. The firmer tone coincides with a corrective narrowing in the 10-year T-note versus Bund yield differential, which has ebbed back under 135 bp from 138-plus levels. Read more

XE Market Analysis: Asia - Jul 08, 2014

By: XE Market Analysis

A lack of data, a slide on Wall Street, and lower Treasury yields all combined to weigh on the dollar in N.Y. trade on Tuesday. This said, FX trading ranges were very narrow, and activity overall relatively subdued. As was the case on Monday, EUR-USD traded a 1.3590-1.3600 range through mid morning, before managing 1.3617 highs, and then settling around 1.3610 (20-day moving average). Read more

France: The Sick Man of the EU

By: HaleStewart

The EU economy’s GDP is valued at ~12.7 trillion euros. Two countries – Germany and France – are responsible for about 50% of the economic growth of this region. However, since the end of the recession, the French economy has continued to underperform. Read more

XE Market Analysis: North America - Jul 08, 2014

By: XE Market Analysis

The dollar remained on a mixed footing, firmer against the EUR and GBP, aided by dovish ECB-speak and a U.K. production data miss, but was lower against a generally firmer yen following a bigger than expected current account surplus out of Japan. There was also divergence among the dollar bloc, with the AUD gaining on firm business confidence data while the CAD continued the decline seen since yesterday's BoC's business outlook survey failed to show any material improvement, which saw Canadian yields dip. Read more

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