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XE Market Analysis: Asia - Feb 18, 2014

By: XE Market Analysis

The dollar was mostly lower in N.Y. trade on Tuesday, taking EUR-USD to one-month highs over 13770, and seeing USD-JPY give back some of its post BoJ gains, settling in near 102.30. USD-CAD was a bit softer on better risk taking, and higher commodity prices, though remained solidly inside of recent ranges. Read more

Pound Breaks Through Resistance; But Beware US Weather Influences

By: HaleStewart

Above is a chart of the pound/dollar. For most of February, the pound has been rallying versus the dollar, rising from a low of ~1.63 to a high of ~1.68 for a total trough to peak gain of about 3%. The reason for this move is the strength of UK data over that in the US. Read more

XE Market Analysis: North America - Feb 18, 2014

By: XE Market Analysis

EUR-USD edged out a three-week high of 1.3734, reflecting on this occasion general euro perkiness as the dollar itself firmed against the yen, sterling and most other currencies. The euro move came despite a disappointing German ZEW survey outcome, which cited concerns about the possible global impact from the recent slowdown in U.S. Read more

XE Market Analysis: Europe - Feb 18, 2014

By: XE Market Analysis

The yen weakened following the BoJ announcement that it will double a funding tool to Y7 tln, which was unexpected. USD-JPY jumped to a high of 102.74, the highest level seen this month, before settling around 102.55-102.60. EUR-JPY also hit a new high for the month of 140.86. Read more

Japanese GDP Disappoints; But Details Are More Nuanced

By: HaleStewart

Yesterday, Japan printed a GDP Q/Q seasonally adjusted growth rate of 1%. According to Bloomberg, the market had been expecting approximately a 2.8% increase, meaning this number was a disappointment. However, a look at the details shows things aren't as bad as the headline number suggests. Here is a table from the report: On a seasonally adjusted basis, private demand increased .8%, which comes out to an annual rate of 3.2%. Read more

XE Market Analysis: North America - Feb 17, 2014

By: XE Market Analysis

The USD logged fresh lows in Asia, which continued the bear trend after a run of sub-expectations data out of the U.S, before rebounding during the European AM session. EUR-USD edged out a three-week high of 1.3725, then settled around 1.3700. There was no European data of note today. Read more

XE Market Analysis: Europe - Feb 17, 2014

By: XE Market Analysis

The USD extended lower, continuing the recent theme in Asia after a run of sub-expectations data out of the U.S. Sterling was an outperformer, with Cable running to a new major-trend highs of 1.6822, GBP-JPY to a two-week peak of 170.92 and EUR-GBP a fresh one-year low of 0.8164. Read more

Weekly Indicators: long leading indicators to the rescue edition

By: New_Deal_democrat

In January data reported this past week, industrial production, capacity utilization, and retail sales all fell. Wholesale inventories rose. Consumer confidence was unchanged. The purpose of my weekly reports on the high frequency weekly indicators is to provide an up-to-this-week snapshot of the economy, a way to "mark to market" my own opinions and a vehicle for you to do so with yours as well. Last week I cited "The Big Chill" that spread throughout the indicators. Read more

International Week in Review: Central Bankers Take Center Stage Edition

By: HaleStewart

Last week was full of some as great economic news. Probably the best came from the EU, where 4Q GDP grew by .3% Q/Q and .5% Y/Y. French GDP was up .3%, German .4% and Italian up .1%. While some commentators believe these numbers reduce pressure on the ECB to do something about deflation, I would argue that problem is already several enough to warrant some action. Read more

XE Market Analysis: Asia - Feb 14, 2014

By: XE Market Analysis

FX trade was quiet on Friday, into a long North American weekend. U.S. data was mixed, with import prices a bit firmer, industrial production softer, and Michigan sentiment slightly better than forecasts. EUR-USD ran up to 1.3714 highs into the open, though struggled to hold the figure through the session. Read more

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