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XE Market Analysis: Asia - Jun 17, 2015

By: XE Market Analysis

The dollar stuck to a narrow and predictable trading band ahead of the FOMC announcement on Wednesday, though volatility soon kicked in following the Fed. The dollar initially rallied as the FOMC statement was released, moving up on headlines indicating an improved labor market, and an upgraded economic outlook. Read more

XE Market Analysis: North America - Jun 17, 2015

By: XE Market Analysis

Narrow ranges have for the most part been prevailing into the FOMC, with sterling an exception as it rallied on much stronger than expected UK wage data. Regarding the Fed, this is the first policy meeting where there is a possibility of rate action -- albeit very remote -- in literally years. Read more

XE Market Analysis: Europe - Jun 17, 2015

By: XE Market Analysis

Narrow ranges have been prevailing into the FOMC, which is the first Fed meeting where there is a possibility of rate action -- albeit very remote -- in quite literally years. No policy action is widely anticipated, but markets will scrutinize the statement, forecast revisions and Yellen's press conference for clues on the timing of a first tightening. Read more

XE Market Analysis: Asia - Jun 16, 2015

By: XE Market Analysis

It was pretty much nap time for the FX market in N.Y. on Tuesday, with little price action, little volume, and seemingly little interest in trading through the session. Aside from softer housing starts (but firm permits) data, there was nothing to drive the dollar's direction, and traders were likely happy to tidy up positions ahead of Wednesday's FOMC announcement. Read more

May housing is Teh Awesome! ... But ...

By: New_Deal_democrat

As between housing starts vs. permits, my preferred measure is permits, They tend to lead starts by a month or so, and they are much less volatile (about half) than starts. So, needless to say, May's housing report, released this morning, was an upside blowout -- one of the strongest month over month moves ever. Read more

XE Market Analysis: North America - Jun 16, 2015

By: XE Market Analysis

The dollar traded firmer. EUR-USD hit an intraday low at 1.1239 following a big German ZEW miss, which fell to a 31.5 headline reading in May from April's 41.9, though the pair had been under pressure ahead of the release following an earlier short-lived spike to 1.1329. Read more

XE Market Analysis: Europe - Jun 16, 2015

By: XE Market Analysis

The yen saw moderate weakness, with both USD-JPY and EUR-JPY nudging out a five-day highs at 123.80 and 139.48, and GBP-JPY making new seven-year highs. This's followed remarks by BoJ Governor Kuroda, who made a big show of retracting his comments last week during a parliamentary hearing that the yen was "unlikely to weaken further in real effective terms.." He stressed that he didn't mean to try and predict future nominal yen direction, and that he wasn't intending to say that he's not seeking a weaker yen. Read more

XE Market Analysis: Asia - Jun 15, 2015

By: XE Market Analysis

The FX Market was relatively calm in N.Y. trade on Monday, though aside from USD-JPY, which was nearly static, the dollar faded lower through the session. Incoming U.S. data disappointed, with both the Empire State index and industrial production missing expectations. Read more

International Economic Preview For the Week of June 15-19

By: HaleStewart

The following releases will have a disproportionate impact on the markets next week. Monday EU Balance of Trade: this has been one of the few consistently bright economic spots for the EU since the end of the recession. Although German exports are a big contributor, other countries are also helping: A big factor is the euros weakness, especially verses the dollar: US Industrial Production: thanks to a strong dollar, the US is in the middle of a shallow industrial recession. Read more

XE Market Analysis: North America - Jun 15, 2015

By: XE Market Analysis

The dollar traded firmer, though the main pairings remained within respective ranges seen on Friday. EUR-USD came under pressure after the latest round of Greece talks with creditors on Sunday collapsed in less than an hour. The pair tested the waters under 1.1200, but Friday's 1.1151 low has so far remained unchallenged. Read more

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