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XE Market Analysis: Europe - May 14, 2015

By: XE Market Analysis

EUR-USD remains well bid following yesterday's U.S. data misses, particularly the weak retail sales figure which sparked downward revisions to Q1 GDP estimates to the -0.7% area from the initially reported +0.2% figure. This has seen the dollar's yield advantage erode back to the 155 bp area at the 10-year T-note versus Bund comparison, down from above 160 bp. Read more

XE Market Analysis: Asia - May 13, 2015

By: XE Market Analysis

The dollar traded broadly lower in N.Y. on Wednesday, hurt overall by a weak April U.S. retail sales report. Hopes for a Fed rate hike continue to fade off into the distance, which have taken their toll on the greenback. EUR-USD opened the session near 1.1220, and by the time the dust had settled, the pairing made its way to highs over 1.1380. Read more

XE Market Analysis: North America - May 13, 2015

By: XE Market Analysis

EUR-USD settled to an oscillation in the mid-1.12s after leaving a three-day high at 1.1279 yesterday. Recent euro gains reflected the market buying into the 'encouraging progress' line from the Eurogroup on Monday, while Greece met its IMF repayment deadline on Tuesday and the ECB kept the ELA lifeline open. Read more

XE Market Analysis: Europe - May 13, 2015

By: XE Market Analysis

The dollar remained generally soft, though EUR-USD has consolidated below yesterday's three-day peak at 1.1279. The market bought into the 'encouraging progress' line from the Eurogroup on Monday, while the move has correlated with a renewed surge in Bund yields. Read more

XE Market Analysis: Asia - May 12, 2015

By: XE Market Analysis

The dollar ended mostly lower in N.Y. trade on Wednesday, taking the USD index down about 0.5% on the session. EUR-USD traded a narrow band throughout, though holding over the 1.1200 make. USD-JPY edged back under 120.00 early on, though was resilient under 119.80, and later bounced back to near 120.00. Read more

Oil Has Bottomed; Now What?

By: HaleStewart

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XE Market Analysis: North America - May 12, 2015

By: XE Market Analysis

EUR-USD rallied to a two-day peak of 1.1279, over a big figure up on Monday's New York closing level. The market is buying the 'encouraging progress' line from the Eurogroup yesterday, while the move has correlated with a renewed surge in Bund yields. Read more

XE Market Analysis: Europe - May 12, 2015

By: XE Market Analysis

EUR-USD continued to make time in the mid-1.11s after dipping to a one-week low at 1.1130 on Monday. Yesterday's statement from the Eurogroup reported progress in bailout negotiations with Greece, but said that more time and effort are needed to bridge the gaps. Read more

XE Market Analysis: Asia - May 11, 2015

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Monday, with the dollar staying fairly steady, though a touch firmer overall. There was no data to drive the market, though yields firmed up some, which was dollar supportive. Wall Street remained on either side of flat through the session, not impacting the FX market one way or the other. Read more

International Economic Preview For the Week of May 11-15

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

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