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International Economic Week in Review: Everyone Releases GDP, Edition

By: HaleStewart

Before getting into the detailed numbers, here is a brief overview of the major OECD countries: The EU news continues to point to an uptick in activity The UK, while still growing, may be seeing growth decrease a bit as a result of the strong Sterling The US and Canada are still in weak patches Japan can’t quite shake off its period of slow growth The biggest news from the US was the GDP miss. Read more

XE Market Analysis: North America - May 01, 2015

By: XE Market Analysis

EUR-USD extended to a new two-month peak of 1.1286 in thin London AM trade (most of Europe is closed today). EUR-JPY and other euro crosses have seen a similar price action, while the dollar itself has managed to recover some recently lost ground against other currencies following perky U.S. Read more

XE Market Analysis: Europe - May 01, 2015

By: XE Market Analysis

EUR-USD extended to a new two-month peak of 1.1266 in New York PM trade before settling to narrow range trading near 1.1200. EUR-JPY and other euro crosses have seen a similar price action, while the dollar itself has managed to recover some recently lost ground against other currencies following perky U.S. Read more

XE Market Analysis: Asia - Apr 30, 2015

By: XE Market Analysis

The dollar rallied early in the session, following a 15-year low initial jobless claims print, and an uptick in ECI. After peaking at 1.1250 in London, EUR-USD slipped to 1.1117 lows following the data. As Wall Street faltered however, the euro made its way back over 1.1200. Read more

Russia Continues To Deteriorate

By: HaleStewart

Russia has been suffering for the last year. Their problems began after the West imposed sanctions in response to Putin’s invasion of Ukraine. This cut Russian business off from much-needed financing. The next economic shoe to drop came from low oil prices. Read more

XE Market Analysis: North America - Apr 30, 2015

By: XE Market Analysis

The EUR-USD surge continued, though this time gains were driven by across-the-board euro advances, while the dollar itself managed to perk up against some currencies, including sterling, the yen and dollar bloc units. The euro stormed to a new two-month high of 1.1249, buoyed by an above-forecast Spanish GDP number and growing weight to market narrative that the ECB may be obliged to taper its QE program at some point. Read more

XE Market Analysis: Europe - Apr 30, 2015

By: XE Market Analysis

EUR-USD drifted back under 1.1100 after yesterday's big rally to 1.1188, which is the highest level seen since Mar-3. The rally smashed through a number of previous daily highs seen through Mar-18 and Apr-6 between 1.1014 and 1.1052, which now revert as support levels. Read more

XE Market Analysis: Asia - Apr 29, 2015

By: XE Market Analysis

The dollar plunged through the morning session, after much weaker Q1 GDP data dented sentiment, doubly so ahead of an FOMX announcement that was already expected to lean on the dovish side. EUR-USD opened just under 1.1000, and make its way to 1.1188 highs ahead of the Fed. Read more

US Q1 GDP: poor, as expected, with silver linings

By: New_Deal_democrat

First quarter GDP was poor, but at least remained positive. This was no surprise, as readers of my Weekly Indicators columns know. Weekly measures of rail transport, steel production, and some shipping measures were all poor, in addition to consumer spending, for virtually the entire first quarter. Read more

XE Market Analysis: North America - Apr 29, 2015

By: XE Market Analysis

EUR-USD pushed above 1.1000 amid a general bid in the euro. EUR-JPY extended higher into three-week territory, and EUR-CHF pushed its head above 1.0500. 'Greeoptimism' (new look negotiating team, ECB lifting of ELA), data showing Eurozone bank lending picking up, firm German manufacturing orders and state inflation data, and positioning into the FOMC, were all at play. Read more

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