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Dollar Continues to Rise Verses Canadian Dollar Thanks To Slightly Better US Economy

By: HaleStewart

Above is a chart of the USD/CAD, which has been in a slow, general uptrend for the last year. Notice the trend line that connects the lows of mid-January, early May, mid-Septermber and mid-October. There is also a sharper upward trend that connects the recent lows of mid-September and late-October (which prices have recently broken. Read more

XE Market Analysis: North America - Dec 12, 2013

By: XE Market Analysis

Reports that the U.S. bipartisan budget deal is set to pass the key House vote later today saw equity markets fall and imparted a degree of risk-off positioning in FX markets as the perceived odds of the Fed opting for a tapering announcement at next week's FOMC meeting firmed up a notch. Read more

XE Market Analysis: Europe - Dec 12, 2013

By: XE Market Analysis

USD-JPY recovered to a peak of 102.70 from the 102.15 low seen in New York yesterday after the London close. EUR-JPY is about 40 pips up on its London closing level, around 141.55. It's Japanese policymaker policy to have a weaker currency, and we expect the yen will see fresh trend lows in time. Read more

XE Market Analysis: Asia - Dec 11, 2013

By: XE Market Analysis

The dollar again was modestly weaker in N.Y. trade on Wednesday, keeping the USD index marginally under the 80.00 mark for most of the session. EUR-USD ground its way through sellers into the 1.3800 level, eventually touching 1.3810. USD-JPY found support near 102.20, while cable stumbled to 1.6340 lows before inching back to 1.6400. Read more

XE Market Analysis: North America - Dec 11, 2013

By: XE Market Analysis

USD-JPY dropped to a fresh correction low of 102.40 in early London trade, reflective of a broader move in the yen, with EUR-JPY and other yen crosses seeing a similar action. EUR-USD is near unchanged versus New York closing levels of yesterday, hovering around 1.3760-70. Read more

A closer look at the long leading indicators for the US economy

By: New_Deal_democrat

For the last few months, in my "Weekly Indicators" column I've expressed some level of concern about the "long leading indicators," i.e., those measures which usually turn up or down a year or more before the economy as a whole does. At the same time, I have stressed that most of them remain positive. Read more

XE Market Analysis: Europe - Dec 11, 2013

By: XE Market Analysis

Narrow ranges have been seen since Tuesday's London close. Moderate EUR weakness and JPY firmness provided the main theme. USD-JPY scraped out a new correction low of 102.57 in Tokyo trade, which is 84 pips down on the six-month peak that was seen the day before. Read more

XE Market Analysis: Asia - Dec 10, 2013

By: XE Market Analysis

The dollar was mixed in N.Y. dealings on Tuesday, falling again versus the euro and CHF, firmer against the pound and largely unchanged versus the yen. There was little data to drive prices, though Treasury yields eased back, putting some weight on the dollar in general, while inaction from the ECB has put a floor under the euro of late. Read more

Pound/Dollar Chart Breaking Out Over UK Economic Strength

By: HaleStewart

Above is a chart of the British Pound/US dollar chart. From July until the beginning of October, the chart rose from 1.48 yo 1.62. We see a consolidation between ~1.59 and 1.62 from early October until the end of of November. During this time, the MACD dropped to a neutral reading. Read more

XE Market Analysis: North America - Dec 10, 2013

By: XE Market Analysis

The dollar set new trend lows against both sterling and the euro during pre-London Asian trade before consolidating at moderately firmer levels during the European AM session. EUR-USD saw a six-week high of 1.3768 after triggering a batch of buy stops through the key 1.3735 level, which can now be considered a support level. Read more

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