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XE Market Analysis: North America - Jan 27, 2015

By: XE Market Analysis

A generally firmer euro was the main theme in European AM trade, while the dollar traded mixed. EUR-USD ran to a peak of 1.1345, underpinned by the SNB's Danthine saying that the central bank remains prepared for intervention despite abandoning the former EUR-CHF peg at 1.2000. Read more

XE Market Analysis: Europe - Jan 27, 2015

By: XE Market Analysis

The dollar and main currencies were relative steady today, settling after yesterday's EUR-JPY centred whipsaw. EUR-USD traded in the low-to-mid 1.12s, holding comfortably above the 1.1098 low that was seen during the early hours of Asian trade on Monday. Read more

XE Market Analysis: Asia - Jan 26, 2015

By: XE Market Analysis

FX trade was relatively calm in N.Y. on Monday, and the dollar was mixed overall. EUR-USD moved up to 1.1290, as cable rallied to 1.5100. USD-CHF was higher however, with that move led by a round of EUR-CHF short covering. The cross moved back over 1.0100. Read more

The Failure of Austerity, Greek Edition

By: HaleStewart

The recent victory in Greece of the Syriza party marks the first time an anti-austerity party has achieved a meaningful electoral win in an EU country. A few simple charts explain the reasons for their victory. As with many countries who were bailed out after the recession, Greece was forced to cut government spending. Read more

XE Market Analysis: North America - Jan 26, 2015

By: XE Market Analysis

EUR-USD rebounded sharply after plumbing an 11-year low at 1.1098 in Asia. The move stalled in the 1.1250-62 region, where renewed selling interest reappeared, despite an above-forecast German Ifo release. A notable short squeeze in EUR-JPY, which interbank and speculative accounts viewed as being ripe for after hefty losses in recent days, had encouraged a similar play in EUR-USD. Read more

XE Market Analysis: Europe - Jan 26, 2015

By: XE Market Analysis

The dollar corrected some after posting fresh highs against most currencies. EUR-USD logged a fresh 11-year low at 1.1098, subsequently rebounding above 1.1200. In Greece, the opposition party Syriza won the Sunday election, putting the austerity programs in doubt. Read more

International Economic Preview For the Week of January 26-30

By: HaleStewart

          The following economic releases will have a disproportionate impact on trading in the coming week. Read more

Weekly Indicators: weakness spreads in coincident indicators, but corporate bond prices make 50+ year high edition

By: New_Deal_democrat

Monthly December reports reported in the last week were highlighted by the index of Leading Indicators, up +0.5. Housing starts were up slightly, while housing permits were down slightly.  Existing home sales were up.  All three housing reports were positive YoY.   Read more

XE Market Analysis: Asia - Jan 23, 2015

By: XE Market Analysis

The dollar rallied to new highs against the euro in early N.Y. trade on Friday, touching 1.1115 lows before rallying sharply on the back of a solid round of pre-weekend short covering. The pairing hit 1.1289 highs into the London close, before drifting back into 1.1220. Read more

International Economic Week in Review: A Big Week For Central Banks, Edition

By: HaleStewart

This week, we saw a large amount of policy action on the part of central banks. Let’s start with the Bank of England, where the two board members who had voted for rate increases at the last meeting were now neutral: In the view of all members, the outlook justified maintaining both the current level of Bank Rate and the stock of asset purchases financed by the issuance of central bank reserves. Read more

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