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XE Market Analysis: North America - Jun 19, 2015

By: XE Market Analysis

The dollar continued to trade firmer following yesterday's encouraging U.S. data leads, while the euro came under broad pressure as Greek concerns heightened. EUR-USD tested the 1.1300 level, while USD-JPY recouped the 123.00 level after making a nine-day low at 122.48 yesterday. Read more

XE Market Analysis: Europe - Jun 19, 2015

By: XE Market Analysis

The euro has come under pressure as Greek concerns heighten. EUR-USD ebbed toward the low 1.13s after peaking at a one-month high at 1.1436 yesterday. EUR-JPY has also fallen to two-day lows in the low 139s. USD-JPY, meanwhile, has held near 123.00, after recouping this level after making a nine-day low at 122.48 yesterday.[EUR, USD]EUR-USD ebbed toward the low 1.13s after peaking at a one-month high at 1.1436 yesterday. Read more

XE Market Analysis: Asia - Jun 18, 2015

By: XE Market Analysis

Aside from EUR-USD, which was all over the map on the back of Greece rumors, the dollar was mostly firmer in N.Y. on Thursday. Cooler than expected CPI data was eventually offset by lower jobless claims, and better readings from the Philly Fed index, and leading indicators. Read more

XE Market Analysis: North America - Jun 18, 2015

By: XE Market Analysis

The dollar continued to tumble as yesterday's less hawkish than expected Fed statement continued to resonate in markets. EUR-USD rallied through 1.1400, brining the May-15 four-month peak at 1.1466 into scope. USD-JPY dove to an eight-day low 122.55. Cable hit a seven-month high of 1.5929. Read more

XE Market Analysis: Europe - Jun 18, 2015

By: XE Market Analysis

European markets will open to find a broadly weaker dollar after the Fed produced a less hawkish than expected post-FOMC meeting statement and dot-plot. EUR-USD logged a high of 1.1375, well up from yesterday's London closing level at 1.1247. Recent range highs in the 1.1379 to 1.1386 provide next upside focal points. Read more

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

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