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XE Market Analysis: North America - Jun 26, 2015

By: XE Market Analysis

EUR-USD has continued to trade in a narrow range around 1.1200. Merkel said that Saturday's Eurogroup meeting will be decisive, suggesting that the era of kicking the can down the road is over. Greece's current bailout agreement runs out on Tuesday, and IMF repayments will be due. Read more

XE Market Analysis: Europe - Jun 26, 2015

By: XE Market Analysis

EUR-USD has continued to trade in a narrow range, slightly south of 1.1200 during most of the pre-Europe session in Asia. The unresolved Greece situation is deterring activity after hopes for a breakthrough were once again scuttled. Germany's Merkel said that Saturday's Eurogroup meeting will be decisive. Read more

Personal income, spending, and saving: a trifecta of good news for the US economy

By: New_Deal_democrat

This morning's report on personal income, savings, and spending completes the picture of the consumer coming back after a brief hibernation. And consumers aren't spending all of their gas savings, they have simply returned to normal. To the graphs! First, here is a comparison of real retail sales through May (blue) vs. Read more

XE Market Analysis: Asia - Jun 25, 2015

By: XE Market Analysis

The dollar saw limited direction today, trading moderately softer against the yen, sterling and the Aussie dollar, while being rooted to the 1.1200 level against the euro. The euro itself is seeing little action after a bout of position closing as it become clear that Greece and its creditors remain firmly in no-deal territory. Read more

XE Market Analysis: North America - Jun 25, 2015

By: XE Market Analysis

EUR-USD dove back to the mid-1.11s on concerns about the ongoing stalemate in Greek negotiations with creditors. Market attention will remain on Greece, where the chances of capital controls and an exit from the euro are back on the cards. German consumer confidence came in slightly under expectations, although at a still-firm 10.1 level by the Gfk measure. Read more

XE Market Analysis: Europe - Jun 25, 2015

By: XE Market Analysis

The yen has traded higher amid a backdrop of risk aversion, with the currency rediscovering its inverse correlation with stock markets. USD-JPY fell to a two-day low of 123.55 while EUR-JPY dipped to a low of 138.41. EUR-USD, meanwhile, oscillated around 1.1200, lacking downside impetus despite the stalemate in Greek negotiations with creditors. Read more

XE Market Analysis: North America - Jun 24, 2015

By: XE Market Analysis

The dollar has traded moderately weaker after yesterday's across-the-board gains came to pause, while the euro has found a better footing. EUR-USD remains at the fulcrum of the forex market given the prevailing focus on Greece and Fed policy. The pair hit a 16-day low at 1.1334 yesterday and has since settled higher, above 1.1200 but still well off yesterday's high at 1.1347. Read more

XE Market Analysis: Europe - Jun 24, 2015

By: XE Market Analysis

The dollar is trading moderately weaker after yesterday's across-the-board gains came to pause. EUR-USD remains at the fulcrum given the prevailing focus on Greece and Fed policy. The pair hit a 16-day low at 1.1334 yesterday and has since settled higher, around 1.1200, still well off yesterday's high at 1.1347. Read more

XE Market Analysis: Asia - Jun 23, 2015

By: XE Market Analysis

The dollar rallied to intra day highs following comments from the Fed's Powell, who expects two rate hikes by the end of the year. The greenback had stumbled some following the softer durables data, though following the hawkish Fedspeak, and better housing data, quickly came roaring back. Read more

XE Market Analysis: North America - Jun 23, 2015

By: XE Market Analysis

The euro retreated during the European AM session as the market hedged it bets with regard to the Greece situation and today's emergency EU summit. Greek PM Tsipras held a cabinet meeting over the weekend to discuss compromises on election pledges, an a EU source cited by Reuters said that this could be the basis for a compromise between Greece and creditors, although not today but over the coming days. Read more

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