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International Week In Review: Australian Concerns Growing Edition

By: HaleStewart

Let’s start with a one-sentence overview of the major economies: Australia is clearly slowing down as a direct result of China’s growth slowing Japan is hitting a post-Abenomics rough patch that may lead to further government or BOJ action Canada is in the middle of slow and steady growth The US is growing at a strong rate The UK continues to be the best performing major economy, although indicators are lower from earlier year highs The EU still may be slipping into a deflationary spiral Earlier this week, I wrote about the continuing negative news from the EU. Read more

XE Market Analysis: North America - Sep 26, 2014

By: XE Market Analysis

The dollar majors were comparatively steady in pre-U.S. open trade. USD-JPY lifted from the mid-108s back above 109.00 on slightly tamer than expected CPI data out of Japan. EUR-USD consolidated the gains seen in the wake of yesterday's somber set of data out of the U.S., remaining in a narrow range in the mid-127s, leaving the 22-month low at 1.2697 untroubled. Read more

XE Market Analysis: Europe - Sep 26, 2014

By: XE Market Analysis

The dollar bloc currencies fell to fresh lows as Asian equity markets posted another negative session. AUD-USD hit a seven-month low of 0.8751, NZD-USD a one-year low at 0.7886 and USD-CAD a seven-month high at 1.1132. The other main currencies traded steadily during the pre-European Asia session. Read more

XE Market Analysis: Asia - Sep 25, 2014

By: XE Market Analysis

Given the melt-down on the risk taking front, the dollar held up fairly well in N.Y. trade on Thursday. Major U.S. indices fell sharply, with selling perhaps led by month and quarter end considerations. After dipping briefly under 1.2700 in London, EUR-USD found support into the figure, basing just under 1.2710, before moving over 1.2760 on the back of short covering. Read more

The News From the EU Continues to Disappoint

By: HaleStewart

The news from the EU continues to disappoint. Let’s start with the latest reading of consumer confidence, which decreased again and now stands at -11.4. This indicator rose for about half the year, but has since taken a fairly severe downturn. Read more

XE Market Analysis: North America - Sep 25, 2014

By: XE Market Analysis

A generally firm dollar environment morphed in to an out-and-out assault on EUR-USD, which dove sharply to a 22-month low of 1.2697 before finding a toe-hold. EUR-GBP crashed to a two-year low, and EUR-JPY hit a one-week low. ECB Draghi's "risk of doing to little outweigh risks for doing to much" speech continued to resonate in markets following a weak set of confidence surveys out of the Eurozone. Read more

XE Market Analysis: Europe - Sep 25, 2014

By: XE Market Analysis

The dollar extended gains pretty much across-the-board. EUR-USD logged a 22-month low at 1.2730 having breached the 2013 low at 1.2745. ECB Draghi's "risk of doing to little outweigh risks for doing to much" speech has continued to resonate in markets following a weak set of confidence surveys out of the Eurozone, which contrasted to yesterday's upbeat solid U.S. Read more

XE Market Analysis: Asia - Sep 24, 2014

By: XE Market Analysis

The dollar moved broadly higher through the morning session, allowing EUR-USD to trade to 14-month lows of 1.2775, and USD-JPY to print 108.99, after opening near 108.60. USD-CAD shot up to six-month highs over 1.1120, with stop loss buying a key factor on the move over 1.1100. Read more

About that blowout new home sales report: restrain your enthusiasm, we've been here before

By: New_Deal_democrat

Don't get too excited about this morning's new home sales number. It'll probably get revised away. New home sales are notoriously volatile, often rising or falling 10% a month on an seasonally adjusted annualized basis. An already twice this year, we've had bing outliers, one positive, and one negative, that subsequently were revised, as I pointed out several months ago: As I noted a month ago, May new home sales were as big an outlier to the upside as March was originally reported to the downside, so a significant revision was very possible. Read more

There's a Remarkable Lack of Commodity Based Inflation

By: HaleStewart

There are two general types of inflation. The first is demand pull where too many consumers are trying to buy a limited amount of goods. This typically occurs near the end of an economic expansion where wages have been increasing and consumers are consuming at a higher pace. Read more

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