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XE Market Analysis: North America - Jul 02, 2014

By: XE Market Analysis

The dollar traded mixed, gaining against a generally soft euro, which was aided by fresh widening in Treasury versus Bund yield differentials, and rising versus the Aussie, which fell after an ugly Australian trade report, but losing ground to the yen and sterling, the latter rallying on a stellar construction PMI outcome. Read more

XE Market Analysis: Europe - Jul 02, 2014

By: XE Market Analysis

The AUD lost some of its shine on ugly trade data out of Australia, which saw AUD-USD tip over 40 pips lower to the 0.9450-60 region. Australia's trade deficit widened to A$1.9 bln in May, a larger shortfall than anticipated after the sharply revised A$780 mln deficit in April (was -A$122 mln). Read more

The long leading indicators, midyear 2014

By: New_Deal_democrat

With half of 2014 behind us, we not only have a better idea of how the economy is likely to perform in the second half of this year, but we can also begin to look ahead to the first half of 2015. That's because the long leading indicators usually turn at least 12 months before the economy as a whole does. At the end of last year, I forecast 2014 to be a year of deceleration, starting stronger and finishing weaker. Read more

XE Market Analysis: Asia - Jul 01, 2014

By: XE Market Analysis

The dollar was mostly net lower Tuesday, though U.S. data didn't prompt a big reaction ahead of key data later in the week, culminating in the June payrolls report. The greenback dipped but subsequently recovered on the release, where the headline misses expectations but the breakdown showed strong new orders. Read more

XE Market Analysis: North America - Jul 01, 2014

By: XE Market Analysis

The dollar was soft against most currencies, aside from the notable exception of the yen, which weakened on a sub-expectations Tankan survey outcome. Cable led the way as sterling surged on a forecast-smashing U.K. manufacturing PMI outcome, which unexpectedly rose to 57.5 in June from 57.0, justifying recent hawkish BoE-speak. Read more

XE Market Analysis: Europe - Jul 01, 2014

By: XE Market Analysis

USD-JPY posted a near 25 pip rally to 101.53 intraday high after the Tankan survey headline disappointed with confidence among large manufacturers falling to 12 in June from 17 in March. Capex plans were better, however, with big manufacturers expecting business conditions to improve three months ahead, and are planning to boost capital spending by 7.4% in the current fiscal year. Read more

XE Market Analysis: Asia - Jun 30, 2014

By: XE Market Analysis

The dollar traded mixed in quite month- and quarter-end conditions and with the approaching July 4 holiday. USD was mostly lower versus the euro, which generally outperformed. But it was firmer against the correcting dollar bloc currencies, and near net unchanged versus the JPY after the Japanese currency gave back Tokyo-session gains. Read more

Australian Decision Preview: No Change; Inflationary Pressures Are Contained

By: HaleStewart

Tomorrow, the Reserve Bank of Australia will meet, with the most likely outcome being a “stand pat” at the current policy rate of 2.5%. Below is a look at the previous Australian statement, along with some accompanying charts to show what the Bank is analyzing from a policy perspective. From their latest minutes: The wage price index rose by 0.7 per cent in the March quarter and by 2.6 per cent over the year. Read more

XE Market Analysis: North America - Jun 30, 2014

By: XE Market Analysis

The USD traded mixed in quite month- and quarter-end conditions, lower versus the moderately outperforming euro, and firmer against the correcting dollar bloc currencies, and near net unchanged versus the JPY after the Japaneese currency gave back Tokyo-session gains. Read more

XE Market Analysis: Europe - Jun 30, 2014

By: XE Market Analysis

The USD majors were steady during pre-Europe Asian trade. Month- and quarter-end considerations made for quiet trade. EUR-USD consolidated gains seen on Friday, holding around 1.3640-45. Other Europe-dollar pairings posted a similar uneventful price action. Read more

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