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XE Market Analysis: Europe - Dec 16, 2013

By: XE Market Analysis

A correction in USD-JPY provided the main theme in pre-Europe Asian trade, while dollar weakness spilled over into EUR-USD, which traded moderately high versus Friday's London closing levels. USD-JPY opened at 103.25 and then decided to continue the slide from Friday's multi-year high of 103.92, triggering stops through the 103.00 and 102.90 area. Read more

International Week In Review: Chinese Growth Continues; EU Faltering

By: HaleStewart

Let’s start the weekly international round-up with the latest from China –which just keeps on growing and growing. The latest inflation reading printed at 3% YOY. While this is a bit high, it’s hardly at dangerous levels. And the PBOC has demonstrated a remarkable willingness to act, meaning that should we see the level spike for several months, some type of action would probably be in the cars. Read more

Weekly Indicators: despite seasonal quirks, short term still looks good edition

By: New_Deal_democrat

November monthly data reported in this past week included a very strong retail sales report, up +0.7%, and a small decline in the producer price index. October retail sales were also revised higher. I report on the high frequency weekly indicators because they are an almost simultaneous "nowcast" of the economy, and although they can be noisy, taken together they will show a continuation or turning of a trend before it shows up in the monthly data. Read more

XE Market Analysis: Asia - Dec 13, 2013

By: XE Market Analysis

The dollar settled in at or very near session highs versus all major currencies in N.Y. trade on Thursday. This saw the USD index rally back over 80.20 from session lows of 79.85. EUR-USD found support around 1.3750, after failing over 1.3800 in London. Read more

US Consumers Remarkably Resilient

By: HaleStewart

Above is a chart of the year over year percentage change in personal consumption expenditures (PCEs; blue) and retail sales (red). The retail sales numbers are typcially presented in monthly fashion. The above chart uses an average of each three month period to provide a valid comparison. Read more

XE Market Analysis: North America - Dec 13, 2013

By: XE Market Analysis

The USD has been encountering a stronger bid following the successful passage of the bipartisan budget deal in the House of Reps, firming up the odds for the Fed announce QE tapering at next week's FOMC. The has been reflected by yield differentials, with the yields of 2- and 10-year U.S. Read more

XE Market Analysis: Europe - Dec 13, 2013

By: XE Market Analysis

The JPY dove to fresh major-trend lows, with USD-JPY leading the charge as yield differentials and the associated contrasting stances of the Fed and BoJ underpin. News that U.S. budget deal sailed through the House vote with ease boosted this trade, firming up the odds of the Fed opting for a tapering announcement at next week's FOMC meeting (though we still don't think these odds are more than 50-50). Read more

XE Market Analysis: Asia - Dec 12, 2013

By: XE Market Analysis

The dollar settled in at or very near session highs versus all major currencies in N.Y. trade on Thursday. This saw the USD index rally back over 80.20 from session lows of 79.85. EUR-USD found support around 1.3750, after failing over 1.3800 in London. Read more

Dollar Continues to Rise Verses Canadian Dollar Thanks To Slightly Better US Economy

By: HaleStewart

Above is a chart of the USD/CAD, which has been in a slow, general uptrend for the last year. Notice the trend line that connects the lows of mid-January, early May, mid-Septermber and mid-October. There is also a sharper upward trend that connects the recent lows of mid-September and late-October (which prices have recently broken. Read more

XE Market Analysis: North America - Dec 12, 2013

By: XE Market Analysis

Reports that the U.S. bipartisan budget deal is set to pass the key House vote later today saw equity markets fall and imparted a degree of risk-off positioning in FX markets as the perceived odds of the Fed opting for a tapering announcement at next week's FOMC meeting firmed up a notch. Read more

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