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XE Market Analysis: Europe - Jul 08, 2014

By: XE Market Analysis

The dollar remained on a mixed footing, steady against the EUR and GBP in pre-Europe trade in Asia, down 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 business confidence figure, while the CAD declined after the latest BoC's business outlook survey failed to show any material improvement, which saw Canadian yields dip. Read more

XE Market Analysis: Asia - Jul 07, 2014

By: XE Market Analysis

Stocks pulled back, and yields faded, along with the greenback in N.Y. trade on Monday. A lack of data had the market focused on the risk backdrop, which was not encouraging, and resulted in the dollar easing versus the yen and major European currencies. Read more

XE Market Analysis: North America - Jul 07, 2014

By: XE Market Analysis

The dollar traded mixed in early week trade, firming against the EUR, GBP, and other European currencies, but moderately declining versus the JPY while trading near net unchanged against the AUD, as of the late London AM. EUR-USD dipped below last week's post-U.S. Read more

XE Market Analysis: Europe - Jul 07, 2014

By: XE Market Analysis

The USD was mostly firmer in early week trade, up against the EUR, JPY and CAD, though net steady versus the AUD. GS brought forward its forecast for the Fed to hike rates to Q3 2015 from Q1 2016, a consequence of last week's solid payrolls report, which reflects broader market thinking to the benefit of the dollar. Read more

International Week in Review: Solid US Employment Report Edition

By: HaleStewart

The biggest economic news this week by far was the US’ employment report, where the headline number was a net gain of 288,000 jobs. But the good news for the US wasn’t confined to the employment situation. Markit reported a manufacturing reading of 61 and service number of 56; both are some of the highest numbers the US has seen in a few years, as shown in these two graphs: The ISM also had some good headline numbers with a service reading of 56 and manufacturing number of 55.3. Read more

Weekly Indicators: Q2 ends on a strong note edition

By: New_Deal_democrat

Monthly June data started out with a bang, as 288,000 jobs were added and the unemployment rate fell to 6.1%. Average hourly wages increased slightly. More vehicles were sold in June than in any time since before the Great Recession. The ISM manufacturing and services indexes both were down slightly. Read more

XE Market Analysis: North America - Jul 04, 2014

By: XE Market Analysis

EUR-USD came under fresh pressure, breaching yesterday's 1.3596 low and clocking a new one-week low of 1.3587 so far. The pair is once again declined concomitantly with a fresh widening in T-note v Bund yield differentials, which has pressed to a new cycle wide toward 137 bp, now over 10 bp up on levels seen earlier in the week. Read more

XE Market Analysis: Europe - Jul 04, 2014

By: XE Market Analysis

A quiet session in pre-Europe Asia without much in the way of fresh data or other leads, which left the market to digest the stellar U.S. jobs report yesterday, which has seen some analysts (Barclays, for instance) to remark that Fed hikes are now closer. Read more

XE Market Analysis: Asia - Jul 03, 2014

By: XE Market Analysis

The dollar has rallied on the strong payrolls report for June, which was replete with strong back revisions. EUR-USD has broken the week's low at 1.3640, triggering stops through 1.3635 and looks set for a test of 1.3600. We anticipate further widening in T-note over Bund yield differentials, and expect EUR-USD to eventually move in on the May low at 1.3503. Read more

XE Market Analysis: North America - Jul 03, 2014

By: XE Market Analysis

EUR-USD was little affected by Eurozone services data, which came in mixed at the national level and produced an unchanged 52.8 readings for both the final June pan-Eurozone services and composite readings. The euro has remained within a narrow ranged centred on 1.3655-60 with markets now look to the June ECB announcement and the U.S. Read more

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