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XE Market Analysis: Europe - Aug 06, 2015

By: XE Market Analysis

The dollar has come off the boil in pre-Europe trade in Asia, led by EUR-USD, which has lifted to two-day peak at 1.0943. EUR-JPY, EUR-GBP and other euro crosses have also gained moderately, while the dollar has at the same time come under moderately pressure against the yen and other currencies. Read more

XE Market Analysis: Asia - Aug 05, 2015

By: XE Market Analysis

The dollar pulled back some early in the session, as the ADP employment report mildly missed expectations. The greenback came roaring back from there however, as the July services ISM posted a 10-year high. EUR-USD started out near 1.0880, and rallied to session highs of 1.0937 after the employment data, then fell to session lows of 1.0850 following the ISM outcome. Read more

XE Market Analysis: North America - Aug 05, 2015

By: XE Market Analysis

The dollar extended yesterday's gains that were prompted by hawkish remarks from FOMC voter Lockhart. EUR-USD logged two-week lows under 1.0850. EUR-JPY and EUR-GBP also traded into two-week low territory. Much weaker than expected Eurozone retail sales, which fell 0.6% m/m, offset an upward revision in final Eurozone services and composite PMI survey data for July. Read more

XE Market Analysis: Europe - Aug 05, 2015

By: XE Market Analysis

The dollar is firmer across-the-board following hawkish comments from the Fed's Lockhart late yesterday, who suggested upcoming data would have to disappoint significantly to get the FOMC to delay a tightening in September. His views were given more weight as he is a voter, and is typically more of a centrist. Read more

XE Market Analysis: Asia - Aug 04, 2015

By: XE Market Analysis

The FX market was fairly quiet through most of the N.Y. session on Tuesday, though the dollar posted gains late in the day. The unit rallied into the close, perhaps on the back of hawkish Fed comments from Lockhart, who appeared to be itching for a rate hike in September, and as late position adjustments ahead of Wednesday's ADP report stepped in. Read more

The US housing market's connection to the Chinese stock market

By: New_Deal_democrat

This is part 1 of a multi-part post. I am going to argue that: 1. housing is not in any renewed "bubble," but 2. purchases by foreign buyers have become an increasingly important component of the rise in US house prices. 3. outside of housing, the US is in outright deflation, so 4. Read more

XE Market Analysis: North America - Aug 04, 2015

By: XE Market Analysis

The dollar traded mixed, moderately firmer against the euro and sterling, the latter of which dipped on an unexpectedly decline in UK construction PMI, while the greenback held steady against the yen and fell versus an outperforming Aussie dollar, which rallied after the RBA expressed that it is happier with the currency's levels in its post-policy meeting statement. Read more

XE Market Analysis: Europe - Aug 04, 2015

By: XE Market Analysis

The big mover today was the AUD, which rallied quite strongly, first, following better-than-expected trade and retail sales data out of Australia, and then a shift in language in the RBA statement following an a widely anticipated decision to leave the cast rate at 2.0%. Read more

XE Market Analysis: Asia - Aug 03, 2015

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Monday, though for the most part, ended the session about where it started. EUR-USD rallied to 1.0988 highs after the ISM data miss, though with Greece issues remaining, sellers took the pairing back under 1.0950 into the close. Read more

International Preview For the Week of August 3-7

By: HaleStewart

Keep your eye on the following data points and markets this week: Anything related to Canada: Earlier this year, the Bank of Canada stated the drop in oil was a net negative for the economy. This analysis turned out to be very accurate as evidenced by the five consecutive months of economic contraction. Read more

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