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XE Market Analysis: Europe - Jun 04, 2015

By: XE Market Analysis

EUR-USD has consolidated in a narrow range just below yesterday's two-week peak at 1.1285, and the lack of correction points to a continuing bullish sentiment. The May-19 high at 1.1326 provides the next upside target. Bund yields surged yesterday following an upgrade in ECB inflation forecasts, and despite ECB President Draghi reaffirming the central bank's commitment the full implementation of the QE program. Read more

XE Market Analysis: Asia - Jun 03, 2015

By: XE Market Analysis

U.S. data mostly beat expectations on Wednesday, though the dollar did not respond positively. ADP employment was better than forecasts, while the trade deficit narrowed more than expected. Services ISM was the outlier, though remained solidly in expansionary territory. Read more

XE Market Analysis: North America - Jun 03, 2015

By: XE Market Analysis

Sterling was an underpeformer following much weaker than expected UK services PMI data, the AUD rallied on above-forecasts Australian GDP, while EUR-USD settled moderately lower, despite solid Eurozone data. EUR-USD traded to the lower 1.11s after an early-London run toward 1.1200 stalled at 1.1189, which was five pips shy of yesterday's peak. Read more

XE Market Analysis: Europe - Jun 03, 2015

By: XE Market Analysis

The AUD rallied on Australian GDP data, which came in at +0.9% in Q1 versus the 0.7% expected. This saw AUD-USD extend the rally seen in the wake of the RBA's refrain from easing at yesterday's policy announcement, with the pair logging an eight-day high at 0.7819, breaching above both the 50- and 100-day moving averages on route. Read more

XE Market Analysis: Asia - Jun 02, 2015

By: XE Market Analysis

The dollar got clobbered in N.Y. trade on Tuesday, led by EUR-USD's fast rise to highs over 1.1190, after opening near 1.1000. Stop loss buying was a key driver of the euro's rally, with buyers surging in on the break of 1.1010, and again at 1.1100. The EUR-USD move spilled over to the other major dollar pairings, resulting in USD-JPY touching 123.75 lows, after making multi-year highs over 125 in Asia. Read more

XE Market Analysis: North America - Jun 02, 2015

By: XE Market Analysis

The euro has been better supported, and the Australian dollar rallied following the RBA's unchanged policy announcement. EUR-USD managed to lift back toward 1.1000 after skirting to a 1.0891 low on Monday following above-forecast U.S. data. EUR-JPY is also trading at five-month highs, and most other euro crosses are holding firm. Read more

XE Market Analysis: Europe - Jun 02, 2015

By: XE Market Analysis

The dollar settled, the euro has been better supported while the Australian dollar rallied on the RBA's unchanged policy announcement. EUR-USD managed to lift back above 1.0900 after skirting to a 1.0891 low on Monday following above-forecast U.S. data. Read more

XE Market Analysis: Asia - Jun 01, 2015

By: XE Market Analysis

A series of stronger U.S. data got the dollar fired up in N.Y. on Monday, as personal income, manufacturing ISM, and construction spending numbers all beat street expectations. EUR-USD had been trending higher into the N.Y. open, though the pairing topped out at 1.0979, before sliding to 1.0888 lows. Read more

International Economic Preview For the Week of May 25-29

By: HaleStewart

The following economic releases will have a disproportionate impact on the markets next week Monday EU Final Markit Manufacturing Numbers: starting at the beginning of the year, these numbers started to show a slow but consistent expansion for the EU region. Read more

XE Market Analysis: North America - Jun 01, 2015

By: XE Market Analysis

The dollar remain well bid today, while sterling was an underperformed following a UK PMI miss. EUR-USD posted a low at 1.0891. We expect the downside bias to persist as there has been no change in the dominant bearish narrative that drove the pair some 4% lower during the latter half of May: the continued lack of substantive progress in Greece's bailout negotiations, and the rekindled Fed tightening theme. Read more

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