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XE Market Analysis: North America - Feb 25, 2014

By: XE Market Analysis

The USD remained soft, with Cable probing 1.6700 after BoE's McCafferty said that market expectations for a repo rate hike in Q2 2015 were not unreasonable, USD-JPY dipping to the low 102s as European stocks headed south (though the Nikkei managed a 1.4% closing gain), and EUR-USD lifting to the mid-1.37s. Read more

XE Market Analysis: Europe - Feb 25, 2014

By: XE Market Analysis

Very little direction has been seen among the main currencies during the Asia session so far. EUR-USD flat-lined within around 1.3729-45, USD-JPY did likewise around 102.50, and AUD-USD saw nothing more than a moderate oscillation around 0.9030. Stock markets in Asia rose following a positive close on Wall Street. Read more

Latest EU Inflation Reading Adds More Weight to 1.38 EUR/USD Level

By: HaleStewart

The above chart is from the latest inflation report issued by Eurostat, where they reported the following: Euro area1 annual inflation was 0.8% in January 20142, stable compared to December 2013. A year earlier the rate was 2.0%. Monthly inflation was -1.1% in January 2014. European Union3 annual inflation was 0.9% in January 2014, down from 1.0% in December 2013. Read more

XE Market Analysis: Asia - Feb 24, 2014

By: XE Market Analysis

The dollar posted modest gains overall through the morning, though faded back into the London close. Aside from the Chicago and Dallas Fed indices (which were both weaker than expectations), there was nothing on the U.S. calendar. Equities however, posted big gains, taking the major indices to trend and record highs. Read more

XE Market Analysis: North America - Feb 24, 2014

By: XE Market Analysis

EUR-USD unwound early-session gains to 1.3772, which came following an unexpected rise in the German Ifo February business sentiment survey, receding to the 1.3740 area. Final January Eurozone HICP inflation, which was released subsequent to the Ifo report, was unexpectedly revised to +0.8% y/y from 0.7%, but the market for euros was in no mood to test the post-Ifo high and EUR-USD deflated. Read more

XE Market Analysis: Europe - Feb 24, 2014

By: XE Market Analysis

Yen firmness was the main theme among the major currencies, inversely correlating, as usual, with the Nikkei and broadly lower stock markets in Asia today (MSCI Asia Pacific down over 0.5%, Shanghai Composite down over 2%). This followed news out of China that property loans have dropped. Read more

Weekly Indicators: Housing is dead. Long live the Consumer! edition

By: New_Deal_democrat

In January data reported this past week, the Index of Leading Indicators rose, indicating that the expansion is expected to continue through summer. Both producer and consumer prices rose slightly. The Empire and Philly manufacturing indexes fell, although the former remained in expansion. Read more

International Week in Review: A Flood Of Central Bank Meeting Minutes Edition

By: HaleStewart

The worse news of the week came from Japan, where the Y/Y change in GDP was only 1%. We also saw a trade deficit increase caused by a huge 25% Y/Y surge in imports, which was hardly offset by a mere 9.5% increase in exports. While the Japanese consumer is still very vibrant, the falling yen is not translating into a strong enough increase in exports. Read more

XE Market Analysis: Asia - Feb 21, 2014

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Friday, ultimately losing ground to the euro and CAD, while rallying versus the yen and sterling. Buy stops at 1.3720-25 helped propel EUR-USD to highs near 1.3760, while warmer Canadian CPI supported the loonie. Cable ran out of steam over 1.6700, running into good sellers over the figure, before retreating under 1.6625. Read more

Remember That The Long Term USD/CAN Chart is Very Dollar Bullish

By: HaleStewart

Sometimes its important to pull the lens back and take a look at the long-term picture. Starting in mid-2009, the USD/CAN chart started to form a very long rounding bottom formation. The pair broke through upside resistance on this chart at the end of last year. Read more


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