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XE Market Analysis: North America - Jul 14, 2014

By: XE Market Analysis

The dollar dipped versus the euro while gaining against the yen on the axis of a EUR-JPY rally, which recovered most of last Thursday's decline as the episode of Portuguese contagion proved to be a brief affair. The squeeze drove EUR-JPY nearly 50 pips higher in making an intraday peak of 138.41, helping lift the risk-sensitive USD-JPY (which sank to a 75.0 handle during the height of the Eurozone crisis in 2011) above 101.50, recovering from last week's six-week low at 101.06. Read more

XE Market Analysis: Europe - Jul 14, 2014

By: XE Market Analysis

Activity has been limited in early week trade. EUR-USD has traded around the 1.3600 market, and USD-JPY around 101.35-40. AUD-USD traded has also been muted, lifting from the 0.9380 area and subsequently settling around 0.9390-9400. The dollar has largely been unaffected by WSJ's Hilsenrath's article on Friday saying that there is an intensifying debate among regional Fed presidents about when to tighten policy. Read more

Weekly Indicators: moderation in several important trends edition

By: New_Deal_democrat

There was no monthly June data of particular note released during the past week. Consumer credit did increase, but at a slower rate when compared with May. The high frequency weekly indicators provide an up-to-this-week snapshot of the economy. The indicators will confirm a trend or indicate a switch in trend well before monthly reports, and are a way to mark one's opinions to market on a regular basis. Read more

International Week in Review: UK Data Disappoints Edition

By: HaleStewart

While the UK has been on an economic tear since the first of the year, this week the UK issued several reports containing weaker data. While both manufacturing and production numbers were up Y/Y, they decreased 1.3% and .7% M/M, respectively. As these charts of the data demonstrate, the monthly decreases should be placed in their short-term perspective of solid growth; these figures most likely represent a slight “cooling off” from a torrid pace of growth since the first of the year. Read more

XE Market Analysis: Asia - Jul 11, 2014

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Friday, though continued its recent trend of maintaining very narrow trading ranges. USD-CAD was an exception, as it rallied fairly sharply after a big Canadian jobs report miss. That pairing moved up 100 points to over 1.0735, decisively breaking out of its recent trading band. Read more

XE Market Analysis: North America - Jul 11, 2014

By: XE Market Analysis

The dust settled today, which saw USD-JPY find its feet after yesterday's dive and EUR-USD consolidate in the low 1.36s as contagion proved to be limited from the missed debt repayment by a company client of Portugal's Banco Espirito Santo. Most dollar pairings remained within yesterday's range, though USD-CAD was an exception in dipping to a one-week low at 1.0630 as the market anticipates a firm employment report out of Canada later. Read more

XE Market Analysis: Europe - Jul 11, 2014

By: XE Market Analysis

The dollar majors are near net unchanged following an uneventful pre-Europe session in Asia. The AUD wobbled following mixed housing finance data, with the above-forecast headline offset by less encouraging details, but overall impact was limited and AUD-USD remained well within its yesterday range, posting a 20 pip rang in the high 0.93s. Read more

XE Market Analysis: Asia - Jul 10, 2014

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Thursday, though once again caught inside of narrow trading ranges. The euro came under some pressure early on, on the back of EU data weakness and Portuguese bank concerns. EUR-USD could only manage 1.3590 lows however, with good bidding interest under the figure noted. Read more

XE Market Analysis: North America - Jul 10, 2014

By: XE Market Analysis

The dollar recovered against most currencies from the losses seen in the wake of the FOMC minutes yesterday, though USD-JPY was a notable exception as it dove amid a risk-aversion trade, with stocks taking a dive in Europe following a batch of dissatisfying corporate earnings reports. Read more

XE Market Analysis: Europe - Jul 10, 2014

By: XE Market Analysis

USD majors were mostly steady, while AUD and NZD were movers in pre-Europe trade in Asia. EUR-USD managed to eke out a fresh one-week high of 1.3649. The FOMC minutes didn't show any ratcheting up in hawkish language, not giving any indication of a policy change anytime soon with policymakers seeing more slack in the jobs market than is reflected by the unemployment rate. Read more

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