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XE Market Analysis: North America - Jan 28, 2015

By: XE Market Analysis

The dollar retained a softer tone into the Fed announcement. EUR-USD oscillated between 1.1332 and 1.1382. The market ignored an above-forecast German consumer confidence reading today, and the 'rebound tone' of yesterday is absent today, though there seems to be a feeling that the euro has managed to build a toehold after making an 11-year low at 1.1098 on Monday. Read more

XE Market Analysis: Asia - Jan 28, 2015

By: XE Market Analysis

FX trade was relatively quiet ahead of the FOMC announcement in N.Y. on Wednesday, with the greenback firming up initially, before easing back into the Fed. EUR-USD found support under 1.1310 early on , but didn't stray much higher than 1.1360. USD-JPY meanwhile, remained over 117.60, though was unable to give the 118 mark a test. Read more

XE Market Analysis: Europe - Jan 29, 2015

By: XE Market Analysis

EUR-USD has traded lower in the wake of the FOMC, even though the statement wasn't really much of a cue for dollar bulls as it reiterated that it would remain "patient" in its rate normalization process, adding in a concern about international risks. A spike in 'Grexit' concerns has helped keep a cap on the euro, which slipped to a low of 1.1262 against the dollar during the Asia session, since remaining below 1.1300. Read more

XE Market Analysis: Asia - Jan 27, 2015

By: XE Market Analysis

The dollar took a solid hit in N.Y. on Monday, with selling starting early, as key corporate earnings misses made it clear Wall Street would not be having a good day. Microsoft, P&G, 3M, Caterpillar and Pfizer all fell short of street estimates, while future guidance singled out the problems with a strong dollar, and weak commodity prices. Read more

History: a steep drop in Oil more likely forecasts the bottom, not the beginning, of any global recession

By: New_Deal_democrat

Via Jeff Miller (http://dashofinsight.com/weighing-week-ahead-time-focus-europe/) we learn that Wall Street traders think</a> that, if Oil falls to $30/barrel, that would be a sign of a global recession. From the Marketwatch article (http://www.marketwatch.com/story/story?guid=007e38da-a259-11e4-8b1e-16beaea571a5&storyguid=007e38da-a259-11e4-8b1e-16beaea571a5&siteid=nwhpf/): "The price of oil is about $17 a barrel away from signaling that a global recession is inevitable, according to a new survey of investment professionals." This puts the cart before the horse. Read more

Russia Continues To Deteriorate

By: HaleStewart

     There have been several developments over the last few weeks regarding the Russian economic situation.  None of these are positive. Read more

XE Market Analysis: North America - Jan 27, 2015

By: XE Market Analysis

A generally firmer euro was the main theme in European AM trade, while the dollar traded mixed. EUR-USD ran to a peak of 1.1345, underpinned by the SNB's Danthine saying that the central bank remains prepared for intervention despite abandoning the former EUR-CHF peg at 1.2000. Read more

XE Market Analysis: Europe - Jan 27, 2015

By: XE Market Analysis

The dollar and main currencies were relative steady today, settling after yesterday's EUR-JPY centred whipsaw. EUR-USD traded in the low-to-mid 1.12s, holding comfortably above the 1.1098 low that was seen during the early hours of Asian trade on Monday. Read more

XE Market Analysis: Asia - Jan 26, 2015

By: XE Market Analysis

FX trade was relatively calm in N.Y. on Monday, and the dollar was mixed overall. EUR-USD moved up to 1.1290, as cable rallied to 1.5100. USD-CHF was higher however, with that move led by a round of EUR-CHF short covering. The cross moved back over 1.0100. Read more

The Failure of Austerity, Greek Edition

By: HaleStewart

The recent victory in Greece of the Syriza party marks the first time an anti-austerity party has achieved a meaningful electoral win in an EU country. A few simple charts explain the reasons for their victory. As with many countries who were bailed out after the recession, Greece was forced to cut government spending. Read more

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