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XE Market Analysis: Asia - Aug 09, 2013

By: XE Market Analysis

The dollar was mixed into the weekend as position adjustment saw more disjointed price action. It moved a bit higher versus the European majors on corrective action. EUR-USD's inability to break 1.3400 fueled light long liquidation and it headed to 1.3350. Read more

XE Market Analysis: North America - Aug 09, 2013

By: XE Market Analysis

The dollar mostly consolidated recent losses, leaving EUR just shy of 1.3400 and Cable around 1.5550 during the European session. USD-JPY showed modest improvement as Asia sentiment benefited from another round of more upbeat China data, leaving it around 96.50. Read more

XE Market Analysis: Europe - Aug 09, 2013

By: XE Market Analysis

It was a quiet session as the G10 FX consolidated Thursday's moves. The dollar extended lower on broad based selling, which lifted EUR close to 1.3400. In Asia, USD-JPY was the main mover after large bids at 95.80 put a floor in place on Thursday. It entered the N.Y. Read more

XE Market Analysis: Asia - Aug 08, 2013

By: XE Market Analysis

The dollar extended losses as intra-day accounts keyed off a weak technical backdrop. The USD index posted a sustained move under the 200-dma on Wednesday and this fueled a break below 81.00. A light U.S. data/event calendar left the focus on risk assets. Read more

XE Market Analysis: North America - Aug 08, 2013

By: XE Market Analysis

The dollar added to recent losses in Europe. USD-JPY fell to 96.10 lows and was the catalyst for a EUR-USD move to 1.3368 highs in early trade. Follow through was limited by sovereign selling, while USD-JPY also met very strong bids from trust banks, which kept the dollar within a tight range. Read more

XE Market Analysis: Europe - Aug 08, 2013

By: XE Market Analysis

The dollar consolidated losses in Asia, leaving EUR firmly over 1.3300, while USD-JPY remained heavy around the mid-96 region as offers at 97.00 capped. AUD-USD posted strong gains as much better than expected China trade numbers boosted the pair from 0.8970 to 0.8980. Read more

XE Market Analysis: Asia - Aug 07, 2013

By: XE Market Analysis

The dollar headed lower, forcing the USD index back below the 200-dma for the second session. The downturn in the dollar came even after a revival in Fed taper talk on Tuesday. The move lower was a function of persistent USD-JPY weakness through 96.50 and a heavy short covering rally in Cable over 1.5500 after the BoE Inflation Report and Carney presser went down like a lead balloon. Read more

XE Market Analysis: North America - Aug 07, 2013

By: XE Market Analysis

Sterling stole the headlines as BoE Carney's first quarterly Inflation Report detailed formal policy guidance. Cable fell on a knee-jerk move from 1.5300 to 1.5206 and then experienced a brutal short squeeze that topped 1.5440. EUR-USD was supported on dips, leaving it close to 1.3300, while USD-JPY was heavy in the low 97s after it registered an early move to 96.82 lows.[EUR, USD]EUR-USD ended the European morning above 1.3300 as a very sharp Cable short covering rally and strong German industrial production data boosted it from 1.3265. Read more

XE Market Analysis: Europe - Aug 07, 2013

By: XE Market Analysis

The dollar was supported amid a revival in Fed taper risk as even policy doves Evans and Lockhart suggested that a reduction in bond buying was likely to happen later this year. The pick up in the dollar was modest at best though due to market positioning and isolated moves in specific currencies. Read more

XE Market Analysis: Asia - Aug 06, 2013

By: XE Market Analysis

The dollar headed lower into the N.Y. session as EUR and GBP made up ground on strong data. German orders were much stronger than expected, along with U.K production data. Eurozone spread narrowing was evident after Italian GDP wasn't as bad as feared and fed a EUR move on 1.3300, while Cable threatened the 1.5400 region. Read more

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