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XE Market Analysis: North America - Apr 09, 2015

By: XE Market Analysis

EUR-USD traded to a new low for the month at 1.0731 despite news that Greece met IMF debt tranche repayment deadline (according to the WSJ at the time of writing). The dollar has remained firm in the wake of the FOMC minutes, which although showing mixed views among members provided markets a reminder that the Fed remains on track to an eventual tightening. Read more

XE Market Analysis: Europe - Apr 09, 2015

By: XE Market Analysis

EUR-USD is heavy once again, this time as the dollar finds broad support in the wake of the FOMC minutes to the recent Fed policy meeting, which although showing mixed views among members revealed that both Fed's Dudley and Powell mulled a rate hike as early as June. Read more

XE Market Analysis: Asia - Apr 08, 2015

By: XE Market Analysis

The dollar made its way modestly higher through the morning session, before making a final push higher after the FOMC minutes. The minutes were a mixed bag, showing a division on the timing of rate liftoff, not surprisingly. The minutes showed several Committee members wanting a June hike, others later in the year, and a couple thought the economic outlook wouldn't call for a tightening until 2016. Read more

Corporate profts lead the stock market: update

By: New_Deal_democrat

This is an update on a comparison I have made previously. Since corporate profits are a long leading indicator for the economy, and the stock market is a short leading indicator, it stands to reason that, contrary to common wisdom, reported corporate profits lead the stock market, not visa versa. Since we have finished the first quarter, let's update this relationship. Read more

XE Market Analysis: North America - Apr 08, 2015

By: XE Market Analysis

The dollar gave back some of Tuesday's gains overnight, sending EUR-USD to the high 108s and USD-JPY back under 120.00. A slightly dollar-bearish tone has developed into the release of the FOMC minutes this afternoon, where most expect a dovish leaning from the Fed. Read more

XE Market Analysis: Europe - Apr 08, 2015

By: XE Market Analysis

EUR-USD's correction came to pause after leaving a low at 1.0803, with the pair since recouping to the 1.0850 area. The 20-day moving average, presently sitting at 1.0801, has been acting as a support. Since making major trend lows at 1.0462 on Mar-13 trade has been choppy and more two way compared to the one-sided market that prevailed before, with the market is presently lacking direction in the wake of the sub-par U.S. Read more

XE Market Analysis: Asia - Apr 07, 2015

By: XE Market Analysis

The dollar was on a broad upward path through the N.Y. session on Tuesday, taking EUR-USD under pre-jobs report levels seen last Friday. The euro touched 1.0815 lows, after peaking at 1.0884. USD-JPY meanwhile, moved up from lows near 120.10 to peak just under 120.45. Read more

There will not be any consumer-led US recession

By: New_Deal_democrat

There's no doubt that there has been a slew of negative (retail sales), or just relatively poor (jobs) data for the US recently. Further, if the weekly steel production and rail transport numbers are to be believed, March is likely to give us another poor industrial production report. Read more

XE Market Analysis: North America - Apr 07, 2015

By: XE Market Analysis

EUR-USD dove though both Monday's and Friday's lows in making a 1.0834 low as returning European participants picked up dollars. Stops through 1.0900 played a notable part in driving the move. Yield differentials between the U.S. and Eurozone also haven't changed too much since the U.S. Read more

XE Market Analysis: Europe - Apr 07, 2015

By: XE Market Analysis

EUR-USD has settled back below 1.1000 after leaving a post-U.S. payrolls high at 1.1035 on Friday, which is nearly three big figures up on levels seen before the release of the jobs reports. The market has now lost clear direction. Expectations that the Fed might delay its tightening to September, if not 2016, has left the dollar somewhat rudderless for now. Read more

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