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XE Market Analysis: Europe - Dec 11, 2013

By: XE Market Analysis

Narrow ranges have been seen since Tuesday's London close. Moderate EUR weakness and JPY firmness provided the main theme. USD-JPY scraped out a new correction low of 102.57 in Tokyo trade, which is 84 pips down on the six-month peak that was seen the day before. Read more

XE Market Analysis: Asia - Dec 10, 2013

By: XE Market Analysis

The dollar was mixed in N.Y. dealings on Tuesday, falling again versus the euro and CHF, firmer against the pound and largely unchanged versus the yen. There was little data to drive prices, though Treasury yields eased back, putting some weight on the dollar in general, while inaction from the ECB has put a floor under the euro of late. Read more

Pound/Dollar Chart Breaking Out Over UK Economic Strength

By: HaleStewart

Above is a chart of the British Pound/US dollar chart. From July until the beginning of October, the chart rose from 1.48 yo 1.62. We see a consolidation between ~1.59 and 1.62 from early October until the end of of November. During this time, the MACD dropped to a neutral reading. Read more

XE Market Analysis: North America - Dec 10, 2013

By: XE Market Analysis

The dollar set new trend lows against both sterling and the euro during pre-London Asian trade before consolidating at moderately firmer levels during the European AM session. EUR-USD saw a six-week high of 1.3768 after triggering a batch of buy stops through the key 1.3735 level, which can now be considered a support level. Read more

XE Market Analysis: Europe - Dec 10, 2013

By: XE Market Analysis

Sterling outperformed in the period since Monday's London closing levels, extending to a fresh two-year high 1.6457 versus the USD, a new high for the week against the EUR, and a new major-trend peak versus the JPY. This followed remarks made after the London close by BoE Governor Carney, who said that U.K.'s need for stimulus risks fueling a housing market bubble, mentioning that the central bank has a range of tools it could deploy, if necessary, to offset a housing market growing a "warp speed." The BoE has already announced that the mortgage market focused part of the Funding for Lending scheme will terminate in January. Read more

XE Market Analysis: Asia - Dec 09, 2013

By: XE Market Analysis

FX trade was fairly quiet in N.Y. on Monday, and the dollar was mixed overall, posting modest gains versus the yen, remaining nearly flat against the euro, and losing ground to sterling and the CAD. There was no data to drive trade, though modest Wall Street gains indicated risk appetite holding up, despite the increased threat of Fed tapering following last week's jobs report. Read more

XE Market Analysis: North America - Dec 09, 2013

By: XE Market Analysis

EUR-USD popped to a fresh six-week peak of 1.3729, continuing the upward run we've saw on Thursday and Friday following the unexpected reluctance of the ECB to detail further easing measures. EUR-JPY was a driven in early London trade, reportedly on the back of model fund buying, though the cross stalled just shy of the 141.55 high posted in the early Asia session. Read more

XE Market Analysis: Europe - Dec 09, 2013

By: XE Market Analysis

Asia markets were mostly in risk-on mode following stronger than expected China exports and biggest trade surplus since 2009, which helped offset sub-expectations Japanese GDP while backing up Friday's solid U.S. jobs report. The AUD popped higher in early trade, though failed to sustain gains, and moderate yen weakness following disappointing Japanese GDP figures, which has revived market talk about the possibility of fresh monetary stimulus by the BoJ, has been the main theme in pre-European open trade in Asia. Read more

Weekly Indicators: thankful for positivity, but Thanksgiving Day anomalies abound edition

By: New_Deal_democrat

In the rear view mirror,3rd quarter GDP was revised up to +3.6%, in line with the recent stronger ISM manufacturing readings, speaking of which, November's was strong also. November payrolls came in very positively, over 200,000, and the unemployment rate fell again to a new post-recession low. Read more

Inernational Week In Review: Central Banks' Holding Pattern Continues

By: HaleStewart

Last week saw a great deal of central bank action. The following central banks left rates unchanged: Australia (2.5%), Canada (1%) and the Bank of England (.5%). None of these moves were unexpected. All three economies are growing, albeit it below potential. Read more

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