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XE Market Analysis: Europe - Jun 19, 2014

By: XE Market Analysis

The USD has traded lower in the wake of the FOMC, which saw Treasury yields dive as fears of a hawkish tint from the Fed failed to materialize. The 10-year T-note over Bund yield spread narrowed to a 120 bp handle after trading around 125 bp ahead of the FOMC announcement, and this underpinned a rebound in EUR-USD to a 10-day peak of 1.3599. Read more

XE Market Analysis: Asia - Jun 18, 2014

By: XE Market Analysis

The FX market moved at a snail's pace through the N.Y. session, with trade light into the FOMC announcement. There were few surprised from the Fed, and reaction as a result was muted. EUR-USD was trading near 1.3570 ahead of the announcement, and ranged between 1.3599 and 1.3549 immediately following, before steadying near 1.3570. Read more

The EU Is Still In a Recession

By: HaleStewart

Yesterday, Mark Thoma linked to a piece on Vox, which was itself a link to a posting from the CEPR. The topic was simple: did the last EU recession ever actually end? Here is their conclusion: The CEPR Business Cycle Dating Committee met on 11 June 2014 to determine whether the Eurozone is out of the recession that started after 2011Q3. Read more

The housing market: seller listings rise and fall with (after) sales prices

By: New_Deal_democrat

Once a week, Bill McBride a/k/a Calculated Risk posts a graph of the number of houses for sale nationwide in the United States. His point has been, generally, that while inventory has been rising, it isn't nearly as high as it was leading up to the housing bust. The relationship seemed more complicated than that. Read more

XE Market Analysis: North America - Jun 18, 2014

By: XE Market Analysis

The dollar lost a little ground to the euro in quiet pre-FOMC announcement trade and held steady to firm against other currencies. Sterling underperformed after more than giving back short-lived gains seen in the initial wake of the BoE MPC June minutes. Read more

XE Market Analysis: Europe - Jun 18, 2014

By: XE Market Analysis

The dollar held steady-to-firm in the wake of the unexpected spike in U.S. CPI. Trading conditions were somewhat muted ahead of the FOMC announcement due later today. USD-JPY clocked a one-week high of 102.31, and the pair was settled a few pips below here just ahead of the London open. Read more

XE Market Analysis: Asia - Jun 17, 2014

By: XE Market Analysis

A firmer May CPI reading helped the dollar out early in the session on Tuesday, though following the initial reaction, the greenback turned sideways into Wednesday's FOMC announcement. The FOMC is expected to focus on exit strategies and tools in this week's meeting. Read more

XE Market Analysis: North America - Jun 17, 2014

By: XE Market Analysis

The dollar traded firmer against a generally soft yen, while registering near net unchanged levels against the euro and sterling, with the latter having rebounded following a post-inflation data selloff. The Aussie dollar, meanwhile, was an underperformer after the RBA June minutes, which repeated the central bank's view that the currency is high in light of declines in commodity prices while noting that economic growth will be below trend for the next year or so, and that inflation will likely remain within the target band. Read more

XE Market Analysis: Asia - Jun 16, 2014

By: XE Market Analysis

N.Y. FX trade was fairly nondescript on Monday, with narrow ranges largely the rule. USD-JPY managed a 101.76 to 101.91 trading band, while EUR-USD put in a 1.3535 to 1.3579 band, matching Friday's peak. Risk levels were subdued overall, given geopolitical events in Iraq and Ukraine. Read more

Euro/Dollar Chart Now In New Territory

By: HaleStewart

For the month of May, the euro/dollar chart has been moving slowly lower, moving from from the 1.39 level to the 1.35 level. Also note the decrease in momentum over this period, as well as prices now being below all the EMAs -- especially the 200. Read more

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