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XE Market Analysis: Europe - Oct 10, 2014

By: XE Market Analysis

The dollar has consolidated Thursday's rebound as the market returns focus to this week's slew of soft economic data on the European side of the pond. EUR-USD has been oscillating in a narrow range on either side of 1.2700 after failing to sustain yesterday's brief gain above the 20-day moving average, which is presently sitting at 1.2750, and nearly a big figure down on the rebound high of 1.2791. Read more

XE Market Analysis: Asia - Oct 09, 2014

By: XE Market Analysis

The dollar reversed course in N.Y. trade on Thursday, clawing back some of its losses posted after the FOMC minutes on Wednesday. After EUR-USD stalled out over 1.2790 in London, the pairing fell back to 1.2665 lows. USD-JPY meanwhile, which based at 107.53 in early trade, made its way back toward 108.20. Read more

Is the US economy finally about to break free of the Oil choke collar?

By: New_Deal_democrat

If you've read my Weekly Indicator columns, you know that I have frequently mentioned the Oil choke collar. By that I mean, in the aftermath of the Great Recession, every time the economy appeared to pick up steam, gasoline prices would rocket toward $4 a gallon. Read more

XE Market Analysis: North America - Oct 09, 2014

By: XE Market Analysis

The dollar extended losses in Asia and Europe as markets continued to adjust to the dovish-leaning FOMC minutes, which also earmarked dollar strength as a specific concern for some Fed policymakers. EUR-USD lifted to 1.2791, taking out the 20-day moving average on route, marking this as the first day the euro has traded north of this average since Jul-15. Read more

XE Market Analysis: Europe - Oct 09, 2014

By: XE Market Analysis

The dollar extended loss seen on the dovish FOMC minutes, which showed some members seeing "significant underutilization" of labour resources and concerned about a firmer dollar. EUR-USD extended to a two-week high at 1.2759 during the Asian session, while USD-JPY sank back below 108 and has so far came within four-pips of yesterday's low at 107.75, which stands as a three-week low. Read more

XE Market Analysis: Asia - Oct 08, 2014

By: XE Market Analysis

The dollar was largely softer in early N.Y. trade on Wednesday, though as Wall Street clawed back opening losses, the greenback firmed up some going into the FOMC minutes release. The dollar was smacked broadly lower at the release, where the Fed voiced concerns over the strength of the dollar, and its impact on the U.S. Read more

The UK Isn't As Strong As You Think

By: HaleStewart

After the first of the year, the UK had the best economic numbers of the developed world, hands down. PMIs were hitting high levels and GDP growth was strong. But over the last few months, the strength of the underlying data has weakened, indicating a slowdown from these high levels may be on the horizon. The strongest evidence of this is contained in the latest Markit PMI press release: The mid-year slowdown in the rate of expansion of manufacturing production continued in September, as growth of new orders eased to near-stagnation. Read more

XE Market Analysis: Europe - Oct 08, 2014

By: XE Market Analysis

The dollar is slightly firmer, on net, against most other currencies since the London close yesterday. EUR-USD is trading near 1.2630, and USD-JPY neat 108.45 after recovering from an early-Tokyo dip to 107.75. AUD-USD reverse a good portion of the gain seen yesterday in ebbing back to the 0.8755 area., aided by news that the Australian Bureau of Statistics said that July and August jobs data were going to be revised (the August release had shown a 121k seasonally adjusted rise in employment, which many economists viewed as implausible)..[EUR, USD]EUR-USD recovered the 1.2600 handle amid a sense that downside potential has become exhausted for now in a market that has build up an extreme net short exposure to the euro. Read more

XE Market Analysis: Asia - Oct 07, 2014

By: XE Market Analysis

FX trade was fairly quiet in N.Y. on Tuesday, with the dollar mixed overall. USD-JPY traded a narrow range of 108.12 to 108.43, staying lower on the back of another risk-off session, as equities fell along with Treasury yields. EUR-USD found support into 1.2585, and spent the bulk of the morning session moving higher, eventually peaking over 1.2660, but shy of London's peak. Read more

BOJ Notes Weakening Economic Picture

By: HaleStewart

There was a profound fear of Japan when I was in college back in the 1980s. It seemed as though Japanese investors were purchasing every piece of real estate in the US. Japanese companies were also handily outperforming their US competitors, leading to the US studying Japanese management and business techniques. Read more

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