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XE Market Analysis: North America - Oct 09, 2015

By: XE Market Analysis

The dollar and yen dove against the euro, commodity currencies and a variety of emerging world currencies as a risk-on sentiment coursed through global markets. The pound was also among the underperformers following an unexpected 4.3% m/m contraction in UK construction output in August. Read more

XE Market Analysis: Europe - Oct 09, 2015

By: XE Market Analysis

Commodity currencies have rallied, along with various Asian and other emerging world currencies at the expense of the dollar, yen, euro and other majors. This theme has been fuelled by a risk-on environment after the FOMC minutes from the mid-September meeting effected a further lengthening of odds for a Fed rate hike by year end. Read more

XE Market Analysis: Asia - Oct 08, 2015

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Thursday morning, as the dollar put in another mixed performance, though ended the day slightly underwater overall. A slightly smaller than expected jobless claims outcome helped the dollar marginally early on, though position squaring became evident into the FOMC minutes release. Read more

XE Market Analysis: North America - Oct 08, 2015

By: XE Market Analysis

Sterling took a nosedive on the release of the BoE MPC minutes to its just-completed October policy meeting, which showed a dovish turn with inflation risks seen remaining off the table for longer than previously envisaged. Cable dropped to the low 1.53s from levels above 1.5350. Read more

XE Market Analysis: Europe - Oct 08, 2015

By: XE Market Analysis

Currency markets have been relatively settled. Japanese machinery orders data unexpectedly dove 5.7% m/m in August data, which weighed on the Nikkei 225 despite raising expectations for the BoJ to expand its QQE program at its meeting on Oct-30. The Japanese stock index closed 0.99% for the worse. Read more

XE Market Analysis: Asia - Oct 07, 2015

By: XE Market Analysis

The dollar was mixed through the Wednesday N.Y. session, though did mostly firm up in morning trade, as Wall Street started out strong, and yields edged higher. As oil prices fell however, stocks gave back their gains, and the greenback moved lower versus the yen and European major currencies. Read more

XE Market Analysis: North America - Oct 07, 2015

By: XE Market Analysis

The dollar traded lower against the emerging market and dollar-bloc currencies, though posted moderate gains against the euro following sub-forecast German production data. German industrial production declined 1.2% m/m in August, which follows yesterday's unexpected 1.8% m/m decline in factor orders to corroborate the view that the ECB might be headed for an expansion in its QE program. Read more

XE Market Analysis: Europe - Oct 07, 2015

By: XE Market Analysis

The session in Asia-Pacific has been risk-on in tone, which has left the dollar lower against the euro and yen, and the G3 as a bloc down against various Asia and commodity-correlating currencies. The Indonesian rupiah, for instance, is registering its biggest three-day gain since 2008 on stock inflows, according to Bloomberg. Read more

XE Market Analysis: Asia - Oct 06, 2015

By: XE Market Analysis

The dollar faded through the U.S. session on Tuesday, as risk taking levels fell off, and as a sharply wider August trade deficit took some wind out of dollar bull's sails. In addition, it appears the FX market continues to play down hopes for a Fed rate hike this year. Read more

Houses and cars: why the overall US economy is still OK

By: New_Deal_democrat

Steve Hansen wrote a post pretty much summarizing my thoughts as well: US Economic Outlook Mainly Stable. http://seekingalpha.com/article/3549246-u-s-economic-outlook-appears-stable Hansen says: "You have heard the saying "this time is different." One never should be certain that you are not facing a situation which will yield a different result th an the data would indicate. Read more

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