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XE Market Analysis: Europe - Apr 29, 2015

By: XE Market Analysis

EUR-USD extended to a three-week peak of 1.0991 during the late NY session yesterday, and has since consolidated in an narrow ranged just off here. News earlier in the week that Athens has revamped its negotiating team has supported the euro. Good demand has been seen in EUR-JPY, too, which logged a three-week peak yesterday. Read more

XE Market Analysis: Asia - Apr 28, 2015

By: XE Market Analysis

The dollar fell early in N.Y. trade on Tuesday, as more weak U.S. data drove the point home ahead of Wednesday's FOMC announcement, that the Fed may well be on hold through the remainder of the year. Consumer confidence took a hit in April, largely due to the rebound in gasoline prices, and a messy geopolitical backdrop. Read more

XE Market Analysis: North America - Apr 28, 2015

By: XE Market Analysis

The euro remained well bid following news yesterday that Athens had chopped Finance Minister Varoufakis from the negotiating team. The dollar's yield advantage over the euro has also narrowed, too, albeit moderately, over the last couple of trading days, shrinking to the 175-76 bp area from around 180 bp at the 10-year T-note over Bund comparison. Read more

XE Market Analysis: Europe - Apr 28, 2015

By: XE Market Analysis

The euro continues to ebb and flow in sympathy with the ebb and flow of Greek exit concerns, rising in the latest phase on news that Athens has revamped its negotiating team. The dollar's yield advantage over the euro has also narrowed, albeit moderately, over the last couple of trading days, shrinking to the 175-76 bp area from around 180 bp at the 10-year T-note over Bund comparison. Read more

XE Market Analysis: Asia - Apr 27, 2015

By: XE Market Analysis

The dollar was broadly lower to start the N.Y. week, likely as the market prices in a pushed back FOMC rate lift-off. While few expect a rate hike at the next meeting in June, due to recently soft U.S. data, there has been growing expectations for a Autumn, or even a 2016 start to normalizing rates. Read more

XE Market Analysis: North America - Apr 27, 2015

By: XE Market Analysis

The euro gave back of last week's gains as Greek concerns flowed after last week's ebb. EUR-USD dipped to a low of 1.0821 from the upper 1.08s. EUR-JPY and other euro crosses came under moderate pressure, too. Sterling has been in correction mode after Friday's strong rally against the dollar to an eight-week high at 1.5188. Read more

XE Market Analysis: Europe - Apr 27, 2015

By: XE Market Analysis

Market conditions were pretty subdued in pre-European trade in Asia. EUR-USD settled in the mid-to-upper 1.08s early week trade after logging a three-week peak at 1.0900 on Friday. The 1.0900 level and the 50-day moving average at 1.0897 mark resistance. Read more

US Equity and Economic Review For the Week of April 20-24: Is This Another False Break-Out?, Edition

By: HaleStewart

After a series of first quarter economic disappointments, last week’s financial news provided much needed ammunition for optimism. The latest new and existing home sales numbers indicated the housing market is healing while the slight uptick in durable goods orders stopped that data series’ recent set of declines. Read more

International Economic Week in Review: More Modest Expansion, Edition

By: HaleStewart

This week, let’s start with Japan, where news continued to point to a modest though uninspiring expansion. Governor Kuroda said as much in his Semiannual Currency and Monetary Control Report: Japan's economy has continued its moderate recovery trend. Read more

Weekly indicators: consumer breakout vs. hiring breakdown edition

By: New_Deal_democrat

Monthly reports for March included a decline in new home sales from an upwardly revised post-recession high in February, and a new post-recession high in existing home sales.  Durable goods as a whole were up, but "core" durable goods were down for the 6th month in a row. Read more

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