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XE Market Analysis: North America - Feb 26, 2015

By: XE Market Analysis

The dollar has traded mixed in London, losing ground to the yen, while firming up versus the CAD and pound. EUR-USD plied a narrow range, centered by the 1.1350 level. Following Fed chief Yellen's testimonies this week, which sent the baseline message that the Fed is in not immediate rush to tighten policy, the dollar's yield advantage has shrunk to the 162 bp area at the 10-year T-note versus Bund level, down about 10-13 bp from Monday. Read more

XE Market Analysis: Europe - Feb 26, 2015

By: XE Market Analysis

The dollar has traded mixed, firmer against the yen and Aussie, but lower against the euro and sterling. EUR-USD traded to the upper 1.13 regions. Following Feb boss Yellen's testimonies this week, which sent the baseline message that the Fed is in not immediate rush to tighten policy, the dollar's yield advantage has shrank to the 162 bp area at the 10-year T-note versus Bund level, down about 10-13 bp from Monday levels. Read more

The US housing recovery is strengthening

By: New_Deal_democrat

Earlier this month I wrote that housing was primed for a breakout to the upside (and since what happens to housing this year is likely to show up in the broader economy next year, that is good news). While housing didn't break out to new highs, the trend of gradually improving numbers has continued. As I've written many times before, interest rates lead new housing sales and starts, and sales of new housing leads prices. Read more

XE Market Analysis: Asia - Feb 25, 2015

By: XE Market Analysis

FX trade was sluggish in N.Y. on Wednesday, with narrow ranges the rule for the major dollar pairings. EUR-USD was steady, ostensibly as markets awaited EU parliamentary testimony from ECB chief Draghi. At the end of the day however, the event was a bit of a dud for markets, with little attention paid by newswires, or the markets. Read more

XE Market Analysis: North America - Feb 25, 2015

By: XE Market Analysis

FX trade was relatively quiet in London morning trade, with little in the way of data to drive prices, and nothing new to report on Greece. For the most part, traders remained near the sidelines, in anticipation of ECB Chief Draghi testimony to the European Parliament later in the session. Read more

XE Market Analysis: Europe - Feb 25, 2015

By: XE Market Analysis

EUR-USD has traded firmer following Fed boss Yellen's testimony before the Senate as she retained the view already espoused that the Fed would remain "patient" for now. This disappointed some who had been anticipating something a tad more hawkish, but clearly she did not want to pre-commit ahead of the upcoming March 17-18 FOMC meeting. Read more

XE Market Analysis: Asia - Feb 24, 2015

By: XE Market Analysis

Fed Chair Yellen didn't ruffle too many feathers through her Senate Banking Committee testimony on Tuesday. Yields and the dollar initially rose following the release of her prepared text, though quickly reverted to pre-testimony levels, before easing back further. Read more

XE Market Analysis: North America - Feb 24, 2015

By: XE Market Analysis

The dollar has traded firmly into Fed boss Yellen's testimonies today and tomorrow. EUR-USD traded in the low 1.13s while USD-JPY lifted to the 119.50 area. The big question is whether she or won't she hint at a mid-year rate hike? We expect she will split the difference, suggesting liftoff is in the cards, but not pre-committing ahead of the March 17-18 FOMC meeting. Read more

XE Market Analysis: Europe - Feb 24, 2015

By: XE Market Analysis

EUR-USD has continued to ply a narrow range, centred in the low 1.13s after recovering from yesterday's post German Ifo data dip to 1.1295. The market looks to be treading water into Fed boss Yellen's testimony, which starts later today and continues tomorrow. Read more

XE Market Analysis: Asia - Feb 23, 2015

By: XE Market Analysis

FX trade was fairly quiet to start the week in N.Y., with the dollar overall trending a bit lower. Softer existing home sales dented sentiment to a degree, which saw yields and equities drift lower as well. EUR-USD ranged between 1.1298 and 1.1360, as USD-JPY gave up the 119 handle before fading to 118.81 lows. Read more

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