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XE Market Analysis: Europe - Apr 21, 2015

By: XE Market Analysis

EUR-USD has traded moderately lower over the last day, partly on general dollar strength and partly on euro underperformance (EUR-JPY and other euro crosses are lower). The low was 1.0712, and this and 1.0700 mark nearer-term support levels. Resistance is marked at 1.0751 and 1.0782 (20-day moving average). Read more

XE Market Analysis: Asia - Apr 20, 2015

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Monday, with the dollar meandering largely inside of narrow ranges. There was no data to drive prices, though a rebound on Wall Street following Friday's steep sell-off largely helped USD sentiment. EUR-USD traded about a 50-point range just over 1.0710, as USD-JPY rallied from just under 119.00 to highs over 119.40. Read more

XE Market Analysis: North America - Apr 20, 2015

By: XE Market Analysis

The dollar traded firmer after taking a battering last week following a string of net softer U.S. data. EUR-USD dipped and tested its Friday low at 1.0734, while EUR-JPY and other euro crosses also traded heavily as markets anticipate the next Greece-versus-Eurozone policymaker showdown, which will be staged at Friday's Eurogroup meeting. Read more

XE Market Analysis: Europe - Apr 20, 2015

By: XE Market Analysis

The dollar is trading moderately firmer in early-week trade after taking a battering last week following a string of net softer U.S. data. EUR-USD has opened the week trading in a narrow range either side of 1.0800, a level which approximately marks the half way point of the range seen over the last six weeks. Read more

US Equity And Economic Review For the Week of April 13-17; False Break-Out Edition

By: HaleStewart

After consolidating since the beginning of March, it appeared that SPYs broke out on Wednesday. It was a false break-out. Wednesday’s daily candle was weak, with a small body and high shadow. Rather than continuing the move higher, Thursday printed a similar candle. Read more

Weekly Indicators: the US consumer steps up to the plate edition

By: New_Deal_democrat

Monthly reports for March included the Index of Leading Indicators, up slightly. The Empire State survey showed a little contraction; the Philly Fed survey, a little expansion. Wholesale inventories increased, while sales were flat. Industrial production declined significantly. Read more

XE Market Analysis: Asia - Apr 17, 2015

By: XE Market Analysis

The dollar rallied early in the aftermath of warmer U.S. CPI data, though with corporate earnings under some pressure this quarter, renewed Greece concerns, lower yields, and a subsequent Wall Street sell-off, the greenback soon moved generally lower again. Read more

International Economic Week in Review: Slack, Slack, Everywhere There's Slack Edition

By: HaleStewart

High levels of global slack are the primary cause of deflationary pressures. Weak industrial production in the EU and UK is lowering demand for industrial inputs; Japan’s depressed capacity utilization rate is contributing to the phenomena. Low US and EU labor utilization levels are depressing consumer demand. Read more

XE Market Analysis: North America - Apr 17, 2015

By: XE Market Analysis

EUR-USD vaulted to a 10-day high of 1.0833 on breaking yesterday's peak at 1.0817 and triggering a batch of buy stops through 1.0820. The move comes despite the dollar's yield advantage holding up well, near 180 bp at the 10-year T-note versus Bund maturity. Read more

XE Market Analysis: Europe - Apr 17, 2015

By: XE Market Analysis

EUR-USD is softer after peaking at 1.0817. This level and the 20-day moving average at 1.0801 mark near-to resistance. Recent gains have mostly been prompted by a run of softer U.S. data that has all but switched off chances of a Fed tightening as soon as June. Read more

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