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Japan Enters Technical Recession

By: HaleStewart

Above are the seasonally adjusted totals for Japan's GDP components based on 2005 chained yen figures. While the overall level of contraction is obviously concerning, there are several other troubling figures, starting with the very sharp drop (-6.7%) in private residential investment. Read more

XE Market Analysis: North America - Nov 17, 2014

By: XE Market Analysis

The new week opened with a bout of volatility in forex markets with the dollar more than recovering from Asia-session weakness in European trade against most currencies. USD-JPY hit a new trend peak at 117.05, dove to 115.45 and then settled at near net-unchanged levels around 116.20. Read more

XE Market Analysis: Europe - Nov 17, 2014

By: XE Market Analysis

The JPY rebounded from fresh trend lows in volatile trade in the wake of a shocking Japanese GDP outcome, which unexpectedly dropped by 1.6% in the preliminary reading for Q3 (saar), well off the 2.2% median forecast and after diving 7.3% in Q2. USD-JPY initially spiked to a new seven-year peak at 117.05 following the data release before turning tail and dropping some 150 pips to a low of 105.45. Read more

International Economic Preview For the Week of November 17-21

By: HaleStewart

     The following economic releases will have a disproportionate impact on the news cycle over the next week. Sunday Read more

Weekly Indicators: different segments moving at different speeds edition

By: New_Deal_democrat

The economic news this week included October retail sales, up 0.3% (even with a welcome decline in gasoline sales), a solid JOLTS report, and University of Michigan consumer sentiment, strongly positive in both the present conditions and expectations components. Read more

XE Market Analysis: Asia - Nov 14, 2014

By: XE Market Analysis

The dollar traded broadly lower in N.Y. on Friday. Retail sales and Michigan sentiment data were better than forecasts, though following modest dollar rallies after the releases, the greenback succumbed to what was likely pre-weekend profit taking. EUR-USD found support into 1.2400, before ramping up to 1.2544 highs, tripping stops at 1.2500 in the process. Read more

Gas price declines offset consumer stagnation

By: New_Deal_democrat

At the beginning of this year, noting the increase in interest rates, and the stalling of the housing market, together with "less positive" corporate profits and real money supply, i.e., a flattening of the long leading indicators, which take a year or more to filter through to the economy as a whole, I wrote that I expected 2014 to be a year of deceleration. On the other hand, gasoline prices have declined in the last few months to near 4 year lows. Read more

International Economic Week In Review: Potential Problems in Brazil, Russia and China Highlighted

By: HaleStewart

Earlier this week an economic consultant stated that the world has a higher than 50% probability of having a world-wide recession in 2015. Earlier today, Bloomberg released a survey of money managers showing 38% thought the overall world economic situation would worsen next year: The world economy is in its worst shape in two years, with the euro area and emerging markets deteriorating and the danger of deflation rising, according to a Bloomberg Global Poll of international investors. Read more

XE Market Analysis: North America - Nov 14, 2014

By: XE Market Analysis

The dollar was mixed, posting fresh trend highs against the underperforming yen and sterling, while seeing some losses against the euro, which found an underpinning on forecast-beating Eurozone GDP data. Flash Q3 GDP Eurozone came in stronger than expected at 0.2% q/q, with Q2 revised up to 0.1% from 0.0%, helping EUR-USD lift to the mid-to-upper 1.24s. Read more

XE Market Analysis: Europe - Nov 14, 2014

By: XE Market Analysis

The dollar posted gains across the board, led by USD-JPY and Cable, with the former punching out a fresh six-year peak of 116.29 and the latter trading below 1.5700 for the first time since September 2013. EUR-USD, meanwhile, drifted lower and posted an intraday low at 1.2426, still remaining within the rough 1.2400-1.2500 range that's persisted all week. Read more


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