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XE Market Analysis: Europe - Jun 11, 2015

By: XE Market Analysis

The NZD dove to five-year lows against the USD following an unexpected RBNZ rate cut, while EUR-USD steadied around 1.1300 and USD-JPY recovered some of the lost ground seen during yesterday's sharp decline. EUR-USD settled to a relatively narrow oscillation around the 1.1300 level after a three-day run high peaked yesterday at 1.1374. Read more

XE Market Analysis: Asia - Jun 10, 2015

By: XE Market Analysis

FX trade was fairly choppy, and the dollar mixed in N.Y. trade on Wednesday, with EUR-USD trading between 1.1260 and 1.1350 through the session, before settling into the 1.13 area in late dealings. USD-JPY popped on Kuroda comments into the N.Y. open, though sellers quickly emerged ahead of 123.50, to push the pairing to lows of 122.55. Read more

April 2015 JOLTS report: another sign of a maturing expansion?

By: New_Deal_democrat

The JOLTS report is a more detailed look at the labor market than either payrolls or jobless claims, breaking the overall payrolls number, with a one month delay, into job openings, actual hires, voluntary quits, and layoffs and other discharges. The drawback of this series is that it only started in 2000, so the number of prior business cycles we can compare = 1. Read more

XE Market Analysis: North America - Jun 10, 2015

By: XE Market Analysis

USD-JPY dove to two-week lows on remarks by BoJ's Kuroda, while EUR-USD saw choppy trade, reversing back to the 1.1300 area after rallying to a five-day peak of 1.1374. The euro move higher had been concomitant with a spike in the 10-year Bund yield, which reached 1.0% for the first time since last September. Read more

XE Market Analysis: Europe - Jun 10, 2015

By: XE Market Analysis

USD-JPY dove to a two-week low at 122.49, and EUR-JPY fell to a one-week low. AUD-JPY was a driver following a speech by RBA Governor Stevens, while BoJ's Kuroda said that it cannot be assumed that the yen will weaken on a Fed rate hike if such action is already priced in, and that Japan's economy is recovering moderately. Read more

XE Market Analysis: Asia - Jun 09, 2015

By: XE Market Analysis

The dollar was mostly lower in N.Y. trade on Tuesday, though overall, inside of relatively narrow ranges. EUR-USD traded into 1.1215 lows early in the session, before making its way toward 1.1290 into the London close. Decent EU growth data supported the euro, though with no resolution in sight to the Greece issue, EUR-USD is liable to remain largely rudderless for the time being. Read more

XE Market Analysis: North America - Jun 09, 2015

By: XE Market Analysis

EUR-USD has settled back under 1.1300 after retreating from a five-day high at 1.1345. An intraday low was left at 1.1255, and a subsequence retaking of the 1.1300 level proved fleeting. ECB's Liikanen prompted euro selling after he repeated that the central bank could extend its QE program beyond September 2016, even though it's been pretty evident that policymakers are not worried about the rise in long term interest rates. Read more

XE Market Analysis: Europe - Jun 09, 2015

By: XE Market Analysis

The dollar has traded softer. EUR-USD clocked a five-day high at 1.1345 following a run through buy-stop orders around 1.1310, bringing last Thursday's peak at 1.1379 back into scope, with the May-15 peak at 1.1466 beyond here. A run of encouraging data, and perky May inflation data, out of the Eurozone has enabled to the euro to hold its own against the dollar, despite the rekindled Fed tightening narrative following the strong May U.S. Read more

Comparing the general expansion with the shallow industrial recession

By: New_Deal_democrat

Let's take an updated look at the overall economy vs. the shallow industrial recession. The two most leading parts of the economy are housing and car sales. Typically housing will turn a year or more before the economy as a whole does; housing at least half a year before. Read more

XE Market Analysis: Asia - Jun 08, 2015

By: XE Market Analysis

FX trade was fairly calm through the N.Y. session on Monday, though the dollar spent the bulk of the day moving lower. EUR-USD opened near 1.1160, and made a leisurely path to 1.1275 highs before steadying. USD-JPY meanwhile, topped out at 125.37 before heading under 125.00, to post a low of 124.75, above Friday's post-jobs report base. Read more

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