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The News From the EU Continues to Disappoint

By: HaleStewart

The news from the EU continues to disappoint. Let’s start with the latest reading of consumer confidence, which decreased again and now stands at -11.4. This indicator rose for about half the year, but has since taken a fairly severe downturn. Read more

XE Market Analysis: North America - Sep 25, 2014

By: XE Market Analysis

A generally firm dollar environment morphed in to an out-and-out assault on EUR-USD, which dove sharply to a 22-month low of 1.2697 before finding a toe-hold. EUR-GBP crashed to a two-year low, and EUR-JPY hit a one-week low. ECB Draghi's "risk of doing to little outweigh risks for doing to much" speech continued to resonate in markets following a weak set of confidence surveys out of the Eurozone. Read more

XE Market Analysis: Europe - Sep 25, 2014

By: XE Market Analysis

The dollar extended gains pretty much across-the-board. EUR-USD logged a 22-month low at 1.2730 having breached the 2013 low at 1.2745. ECB Draghi's "risk of doing to little outweigh risks for doing to much" speech has continued to resonate in markets following a weak set of confidence surveys out of the Eurozone, which contrasted to yesterday's upbeat solid U.S. Read more

XE Market Analysis: Asia - Sep 24, 2014

By: XE Market Analysis

The dollar moved broadly higher through the morning session, allowing EUR-USD to trade to 14-month lows of 1.2775, and USD-JPY to print 108.99, after opening near 108.60. USD-CAD shot up to six-month highs over 1.1120, with stop loss buying a key factor on the move over 1.1100. Read more

About that blowout new home sales report: restrain your enthusiasm, we've been here before

By: New_Deal_democrat

Don't get too excited about this morning's new home sales number. It'll probably get revised away. New home sales are notoriously volatile, often rising or falling 10% a month on an seasonally adjusted annualized basis. An already twice this year, we've had bing outliers, one positive, and one negative, that subsequently were revised, as I pointed out several months ago: As I noted a month ago, May new home sales were as big an outlier to the upside as March was originally reported to the downside, so a significant revision was very possible. Read more

There's a Remarkable Lack of Commodity Based Inflation

By: HaleStewart

There are two general types of inflation. The first is demand pull where too many consumers are trying to buy a limited amount of goods. This typically occurs near the end of an economic expansion where wages have been increasing and consumers are consuming at a higher pace. Read more

XE Market Analysis: North America - Sep 24, 2014

By: XE Market Analysis

The dollar is softer versus the yen and Aussie dollar and steady against the euro and most of the other main currencies. EUR-USD dipped following a weaker than expected German September Ifo report, which slumped to 104.7 from 106.3, but follow-through euro selling was limited with the market having factored in downside risk following weak ZEW and PMI surveys for the same month. Read more

XE Market Analysis: Asia - Sep 23, 2014

By: XE Market Analysis

The dollar was mostly higher in N.Y. trade on Tuesday, resulting in EUR-USD slipping back under 1.2850 after briefly trading over 1.2900. USD-JPY moved up to within a point of 109.00 from 108.43 lows, though reported Japanese exporter offers at the figure were enough to stop the rally in its tracks. Read more

XE Market Analysis: North America - Sep 23, 2014

By: XE Market Analysis

The dollar traded softer amid position trimming and a lack of fresh bullish catalysts. USD-JPY led the way, descending over 50 pips to new low for the week at 108.25. EUR-USD lifted to a high of 1.2895, stalling shy of 1.2900. AUD-USD recovered a good portion of the losses it saw yesterday. Read more

XE Market Analysis: Europe - Sep 23, 2014

By: XE Market Analysis

Narrow ranges have prevailed in pre-Europe FX trade in Asia. An above-forecast China flash HSBC-Markit manufacturing PMI helped lift stocks in the region, but had limit impact on currencies, aside from helping generate a moderate bid in the AUD, which lifted above 0.8900 against the USD. Read more

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