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XE Market Analysis: Asia - May 20, 2015

By: XE Market Analysis

Aside from some post-FOMC minutes volatility, the dollar was fairly steady through the N.Y. Wednesday session, though did manage modest gains overall. EUR-USD managed at 1.1075 to 1.1145 trading range, before rattling around inside a 1.1140 to 1.1070 band immediately after the minutes release. Read more

XE Market Analysis: North America - May 20, 2015

By: XE Market Analysis

The dollar retained its bid tone overnight, moving to new highs versus the euro, yen and CAD. EUR-USD based at 1.1062, with the next target area seen at 1.1000, then the 50-day moving average of 1.0925. USD-JPY meanwhile, traded the 121 handle for the first time since March 20, with resistance now at 121.20. Read more

XE Market Analysis: Europe - May 20, 2015

By: XE Market Analysis

EUR-USD has remained heavy since logging a two-week low at 1.1120 yesterday. ECB pledges of accelerated or expanded QE this week prompted the correction this week from Friday's three-month high at 1.1466. There also remains a lack of substantive progress between the Greek government and creditors in bailout negotiations, despite all too familiar optimistic sound-bites from various officials. Read more

XE Market Analysis: Asia - May 19, 2015

By: XE Market Analysis

The dollar rallied again in N.Y. on Tuesday, as much stronger housing data got the ball rolling. EUR-USD has been on the back foot into the open, as the ECB said it would front load QE over the next two months. USD-JPY meanwhile, finally broke the 120.00 level, and ground its way through standing offers, to peak at 120.72, a two-week high. Read more

The shallow industrial recession

By: New_Deal_democrat

For the last several months I have described the US as having a "shallow industrial recession." By that I mean that there has been a significant and prolonged slight downturn in manufacturing. At the same time, the wider economy has held up decently. Read more

XE Market Analysis: North America - May 19, 2015

By: XE Market Analysis

EUR-USD fell for a second consecutive day in extending quite sharply to a one-week low at 1.1160, well off Friday's three-month high at 1.1466. A much weaker than expected German ZEW survey, which dove to 41.9 from 53.3 was a euro selling cue for the market. Read more

XE Market Analysis: Europe - May 19, 2015

By: XE Market Analysis

The dollar retained the perkier tone that established yesterday. EUR-USD logged a six-day low at 1.1285 in Asia before recouping the 1.1300 level. The move has correlated with a fresh spike in Grexit concerns, though the ECB has stressed that it will not cut ELA to Greek banks should Greece miss an IMF repayment, while Draghi and others at the ECB have been stressing that the QE program will be fully implemented. Read more

XE Market Analysis: Asia - May 18, 2015

By: XE Market Analysis

The dollar traded higher in N.Y. on Monday, taking EUR-USD under 1.1350 on renewed Greece concerns. Greek banks are reportedly running low on collateral while there remains no sign of compromise between creditor demands and the Greek government's red lines. Read more

International Economic Preview For the Week of May 18-22

By: HaleStewart

Hale Stewart is a former bond broker who has been writing about economics and financial markets since 2006 on the Bonddad Blog. He is also a tax attorney with a domestic and international practice while also forming and managing captive insurance companies for US companies. Read more

XE Market Analysis: North America - May 18, 2015

By: XE Market Analysis

EUR-USD dove back below 1.1400 during the early Europe AM session. This follows eight consecutive weeks of dollar long squaring, according to CFTC data. ECB's Mersch helped elicit the move in saying that QE will by fully implemented so that "inflation rises back towards 2% as quickly as possible." This backed up the message from bank president Draghi last week, and the message seems to be working as bund yields having steadied lower after recent steep advances . Read more

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