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XE Market Analysis: Asia - Dec 11, 2014

By: XE Market Analysis

The dollar was mostly higher in N.Y. trade on Thursday, helped by better retail sales and initial jobless claims data, which propped up yields, and saw Wall Street rally nicely. EUR-USD moved from 1.2440 to lows into 1.2370, as USD-JPY climbed back over 119.00, to peak at 119.55. Read more

International Economic Week in Review: The Oil Must Flow, Edition

By: HaleStewart

I'm traveling this weekend, so this review is a bit early. Over the last month, OPEC announced it would not lower its oil output. Analysts interpreted this decision as OPEC’s attempt to sink oil prices below levels at which fracking companies are profitable. Read more

A look at the short leading indicators

By: New_Deal_democrat

I frequently refer to the long leading indicators, i.e., those series which typically turn 12 or more months before the main economy does. In addition to those, however, the pioneering Prof. Geoffrey Moore also listed a series of 11 short leading indicators. Read more

Lower gas prices power US retail sales to new record

By: New_Deal_democrat

This morning we got the first good evidence that the big decline in gas prices is helping American consumers. Retail sales ex- gas increased +0.9%. Total retail sales increased +0.7%. October retail sales were also revised up +0.2% to +0.5%. Here's the graph of retail sales since January 2013: Since inflation was unchanged in October, that means real retail sales in October set a new high. Read more

Russian Situation Deteriorates Further

By: HaleStewart

The Russian economic situation continues to deteriorate. Overall GDP growth has been deteriorating for the last three years. Starting in 2013, the annual rate of growth slowed to between .7% and 2%. However, the 2% rate of growth is clearly the outlier, as rates below 1% are obviously more common. Because over 50% of Russia’s exports and fiscal revenue spending come from the oil market, oil’s price collapse is adding to the problems. Read more

XE Market Analysis: North America - Dec 11, 2014

By: XE Market Analysis

The dollar rebounded after extending to fresh correction lows. Data misses in Japan and the U.K. helped support USD-JPY and weigh on GBP-USD. A plethora of central bank announcements brought mixed market responses. The NOK dove a 5-year low on an unexpected Norges Bank rate cut, while NZD-USD surged after the RBNZ lifted growth forecasts after leaving policy unchanged. Read more

XE Market Analysis: Europe - Dec 11, 2014

By: XE Market Analysis

The dollar posted fresh correction lows against most currencies, though subsequently recouped most of these losses. USD-JPY logged a two-week low at 117.43 before recovering the 118 handle. The rebound was aided by Japanese Oct machinery orders which dove 6.4% m/m, contrary to hopes for some modest improvement. Read more

XE Market Analysis: Asia - Dec 10, 2014

By: XE Market Analysis

The dollar was mostly lower in N.Y. trade on Wednesday, again moving over 1.24 versus the euro, though staying under Tuesday's peak of 1.2447. USD-JPY lost ground, though again, remained above the 117.97 base printed on Tuesday. Aside from weekly EIA petroleum inventory data, the U.S. Read more

XE Market Analysis: North America - Dec 10, 2014

By: XE Market Analysis

USD pairings traded within Tuesday ranges for the most part. There was some intraday chop with liquidity reportedly on the low side as year-end approaches. EUR-USD oscillated between 1.2362 and 1.2398. Several approves to 1.2400 were seen, but all met decent selling. Read more

XE Market Analysis: Europe - Dec 10, 2014

By: XE Market Analysis

The main currency pairings held within Tue ranges. Stock markets in Asia continued to fall amid concerns about the political situation in Greece and growth worries in China, while Fitch Ratings put Japan's sovereign ratings on Rating Watch Negative, citing high and rising government debt and increased uncertainty about the authorities' commitment to fiscal consolidation. Read more


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