Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
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
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
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'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
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
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
The dollar was mixed in N.Y. trade, thought with London on holiday, activity was somewhat muted on Easter Monday. EUR-USD reclaimed the 1.10 handle in morning dealings, though while it moved above Friday's peak, it was unable to test the March highs of 1.1040-50. Read more
The following economic releases will have a disproportionate impact on the markets this week. Read more
FX trade was light overnight, as most of Europe continued their Easter holidays. EUR-USD is off Friday's post-jobs high, back under 1.1000, as USD-JPY continues to trade either side of 119.00. Wall Street will reopen this morning, and will catch up with Friday's futures, which indicate a sharp opening sell off. Read more
The post-Lehman US economy has been quite adept at surprising and confounding analysts. For the last five years, Federal Reserve staff have continually made rosy projections, only to repeatedly revise them lower. They are not alone; private economists have also been caught analytically flat-footed on several occasions. Read more
, 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.&p[images][0]=/system/files/styles/large/s3/image_333.jpg?itok=gT0nBng1){kind=link}
