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XE Market Analysis: Europe - Feb 12, 2015

By: XE Market Analysis

EUR-USD briefly spiked to the 1.1350 area following a false headline that Greece had reached an agreement in principle at the Eurogroup meeting, and subsequently reversed back to low 1.13s as it became clear that this was not in fact the case. The group's Dijsselbloen said that a way forward had been agreed but that discussions would continue as a "little more time" is needed. Read more

XE Market Analysis: Asia - Feb 11, 2015

By: XE Market Analysis

The dollar continued on a narrow trading path versus the euro in N.Y. on Wednesday, managing a range of 1.1280 to 1.1320, keeping the 1.1300 mark at dead center. USD-JPY managed new one-plus month highs, peaking at 120.44, just 30 points from 2015 highs, while USD-CAD rallied to within a tick or two of 1.2700, as oil turned lower yet again. Read more

So far, gas following past pattern of rebounding off a bottom

By: New_Deal_democrat

One month ago I wrote that the bottom in gas prices was close (http://bonddad.blogspot.com/2015/01/the-bottom-in-gas-prices-is-close.html). Last week I wrote that it looked like the bottom had been made during the last week of January (http://community.xe.com/blog/xe-market-analysis/us-gas-prices-have-probably-bottomed). I noted in both articles that in the past, once gas prices made a bottom, they tended to be rebound quickly during the first month thereafter, rising on average by about $0.25 - $0.30 a gallon. Read more

Just How Sick is the EU?

By: HaleStewart

For what seems like forever (which, in reality is actually a few years) I have been extremely bearish on the EU. There are several reasons for this: their continued obsession with austerity despite the clear proof it doesn’t work, the inability to work together to solve their overall problems and the lack of overall political will. Read more

XE Market Analysis: North America - Feb 11, 2015

By: XE Market Analysis

EUR-USD continued to ply a relatively narrow range, oscillating around the 1.1300 level. Grexit concerns remain to the forefront into today's Eurogroup meeting, which will focus on Greece, though we shouldn't hope for a quick deal ahead of tomorrow's EU leaders summit. Read more

XE Market Analysis: Europe - Feb 11, 2015

By: XE Market Analysis

EUR-USD continues to ply a relatively narrow range that's been oscillating around the 1.1300 level. Grexit concerns remain to the forefront with the focus today on the Eurogroup meeting on Greece. Hopes for a quick deal ahead of tomorrow's EU leaders summit will likely be disappointed. Read more

XE Market Analysis: Asia - Feb 10, 2015

By: XE Market Analysis

The dollar was mixed in N.Y. trade, climbing against the yen and the CAD, losing some ground to the pound, while staying fairly static versus the euro. There was little in the way of data to drive prices, and wholesale data was largely overlooked. EUR-USD touched lows of 1.1282 early on, before turning to 1.1327 highs. Read more

XE Market Analysis: North America - Feb 10, 2015

By: XE Market Analysis

The dollar traded higher during the European AM session. EUR-USD dipped back under 1.1300 amid talk of reserve manager offers, Grexit concerns as the market anticipates tomorrow's meeting between Eurozone finance ministers and Greece, and dollar-favourable yield differentials (now above 162 bp at the 10-year maturity level, up from pre-U.S. Read more

XE Market Analysis: Europe - Feb 10, 2015

By: XE Market Analysis

EUR-USD has remained in the low 1.13s, capped by the latest spike in Grexit concerns. Yesterday's low at 1.1270 looks vulnerable, while yesterday's high at 1.1359 looks like resistance. Yield differentials remain in the dollar's favour following the strong U.S. Read more

XE Market Analysis: Asia - Feb 09, 2015

By: XE Market Analysis

The dollar attempted to rally in early N.Y. dealings on Monday, though ultimately struggled, as equities and yields stayed down. There was no data to move the markets, though higher oil prices supported the CAD and AUD through the session. EUR-USD fell to 1.1271 lows early in the session, though found support ahead of 1.1262, which represented the January 29 low. Read more

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