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XE Market Analysis: Europe - Dec 02, 2014

By: XE Market Analysis

The dollar majors remained within yesterday's ranges for the most part, though AUD-USD was an exception in rallying to a two-day high of 0.8542 following a lower than expected current account deficit in Q3 data and higher than expected October building approvals data for October. Read more

XE Market Analysis: Asia - Dec 01, 2014

By: XE Market Analysis

The dollar traded mostly lower in N.Y. on Monday, as softer ISM data combined with lower yields and a weaker Wall Street. EUR-USD traded briefly over 1.2500, as USD-JPY edged under 1.17.90 before recovering some. Cable reclaimed the 1.5700 handle, as USD-CAD moved down on the back of a strong oil price recovery.[EUR, USD]EUR-USD peaked at 1.2506 early in the session, though was quickly pushed back under the figure on reported real money selling interest out of Europe. Read more

Doctor Copper Getting Weaker

By: HaleStewart

     Because of its near ubiquitous use, copper's price is considered a harbinger of future global growth.  Assuming that to be a true statement, the latest price moves in the copper market are concerning. Read more

XE Market Analysis: North America - Dec 01, 2014

By: XE Market Analysis

The yen whipsawed on a ratings downgrade of Japanese sovereign debt, and fresh commodity prices weakness saw the Aussie and Canadian dollars to fresh lows. USD-JPY hit seven-year peak at 119.15 after Moody's cut Japan's sovereign rating to A1 from Aa3, citing "heightened uncertainty" over the nation's ability to cut its fiscal deficit following PM Abe's decision to delay a planned sales tax hike. Read more

XE Market Analysis: Europe - Dec 01, 2014

By: XE Market Analysis

The AUD was the main mover in pre-European trade in Asia, dropping to new four-year low against the USD as commodity prices hit new five-year lows today, with the Bloomberg Commodity Index down 1.6%. A tumble in gold prices led the latest rout in commodities as the market reacted to Switzerland's 'no' vote on Sunday at the referendum on increasing gold reserves. Read more

International Economic Preview For the Week of December 1-5

By: HaleStewart

       The following economic releases will have a disproportionate impact on the financial markets for the week of December 1-5. Read more

Weekly Indicators: sharp contrasts edition

By: New_Deal_democrat

The economic news this week was dominated by a crash in the price of oil, down about 15% in just this week.  The other big news came from the rear view mirror, where Q3 GDP was revised upward to nearly 4%.  Q3 Gross Domestic Income and corporate profits were also positive. Read more

XE Market Analysis: Asia - Nov 28, 2014

By: XE Market Analysis

The dollar rallied broadly in quiet N.Y. trade on Friday, taking EUR-USD back into 1.2430, after solid selling interest emerged ahead of 1.2500. USD-JPY ran up to 118.75 from 118.25, as fallout from soft Japanese data, and negative JGB yields over night continued to weigh on the yen. Read more

International Economic Week In Review: the US Hits Escape Velocity Edition

By: HaleStewart

          Before moving into the various regions detail, here are the broad outlines of the world’s major economies overall condition: Read more

XE Market Analysis: North America - Nov 28, 2014

By: XE Market Analysis

The dollar traded higher, led by USD-JPY following a set of mostly soft month-end data out of Japan, which assisted a rally to a three-day peak of 118.33 before settling around 118.10. EUR-JPY also rose to a two-day high. Data included a 1.4% m/m drop in retail sales while industrial production edged up only 0.2% in October after a 2.9% September gain, and was down 1.0% y/y. Read more

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