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XE Market Analysis: North America - Mar 03, 2014

By: XE Market Analysis

A risk-off theme prevailed on an escalation in geopolitical tension over Ukraine, a test firing of two missiles by North Korea, and a eight-month low in the official China manufacturing PMI. The USD was mixed, up on the CAD, net flat against the EUR and GBP, while lower against the outperforming JPY and the CHF in the usual currency risk-off pattern. Read more

XE Market Analysis: Europe - Mar 03, 2014

By: XE Market Analysis

A risk-off theme prevailed on an escalation in geopolitical tension over Ukraine, a test firing of two missiles by North Korea, and a seven-month low in the HSBC-Markit manufacturing PMI for China (48.5 in February after January's 49.5). The official China PMI also came in at an eight-month low of 50.2. Read more

International Week in Review: The Big US GDP Miss Edition

By: HaleStewart

The US had a very data heavy week, with the most important announcement being the downward revision of 4Q GDP to 2.4% from over 3%. This places US growth back into the slower, post financial crisis pace of the previous quarters and again leads to the conclusion the economy is mired in sub-par growth. Read more

Weekly Indicators: weakly positive edition

By: New_Deal_democrat

In the rear view mirror, 4th quarter 2013 GDP was revised down by close to -1% annualized. In January data reported this past week, new home sales set a five year record, although they were only up 2% YoY. House prices continued to rise. Pending home sales rose slightly, but were close to -10% negative YoY. Read more

XE Market Analysis: Asia - Feb 28, 2014

By: XE Market Analysis

Aside from USD-JPY, which rallied on firmer yields and better risk levels, the dollar was soft through the N.Y. session. Revised Q4 GDP was a tick under expectations, though Chicago ISM, Michigan sentiment, and pending home sales beat expectations. EUR-USD traversed a narrow range on either sidee of 1.3800, as USD-JPY rallied nearly 75 points from overnight lows, touching 102.25. Read more

XE Market Analysis: North America - Feb 28, 2014

By: XE Market Analysis

Various movements were seen today. The EUR surged on the above-forecast Eurozone HICP flash estimate for February, which markets took this as increasing the odds that the ECB will refrain from taking further monetary action at the upcoming March policy meeting. Read more

XE Market Analysis: Europe - Feb 28, 2014

By: XE Market Analysis

The CNY posted its biggest one-day loss versus the USD as the PBoC guided the currency lower for a ninth consecutive day, while the JPY rose across the board following a mostly above expectations set of data that may reduce expectations of the BoJ taking further easing measures this year. Read more

XE Market Analysis: Asia - Feb 27, 2014

By: XE Market Analysis

The dollar was again mixed in N.Y. trade on Thursday, losing ground to the euro, pound and CHF, while posting modest gains versus the yen and CAD. U.S. data was a bit worse than expectations, as jobless claims rose, and durable goods orders were soft (though better ex-trans). Read more

XE Market Analysis: North America - Feb 27, 2014

By: XE Market Analysis

EUR-USD dropped to two-week lows under 1.3650 amid a broad bout of euro selling on news that the acting president of the Ukraine warned Russia not to consider military intervention in Crimea, which follows the U.S. warning to Moscow that such as course would be a "grave mistake." EUR-JPY shed over 100 pips in making a two-week low of 138.79 and EUR-CHF has logged a two-month low of 1.2157. Read more

XE Market Analysis: Europe - Feb 27, 2014

By: XE Market Analysis

The AUD came under pressure following Q4 capital expenditure data that showed a 5.2% decline, worse than the median forecast for -1.3% and down from +3.6% in the previous quarter. The data prompted downward revisions to Australian Q4 GDP forecasts. AUD-USD dropped to a 17-day low of 0.8917, and remained under 0.8950 thereafter. Read more

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