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XE Market Analysis: North America - Dec 31, 2014

By: XE Market Analysis

The main currencies have largely flat-lined during trade in Asia and Europe. The various absentees included Japanese, German and Italian markets, while business elsewhere wound down ahead of the new year holiday. AUD-USD managed to extend yesterday's gain, edging out a new two-week high at 0.8215, piercing the 20-day moving average (at 0.8204) for the first time since mid-November. Read more

XE Market Analysis: Europe - Dec 31, 2014

By: XE Market Analysis

The main currencies have largely flat-lined during the pre-Europe session in Asia. Activity has been very light with Tokyo closed and business winding down ahead of the new year holiday. AUD-USD managed to extend yesterday's gain, logging a new two-week high at 0.8215, piercing the 20-day moving average, presently situated at 0.8204, for the first time since mid-November. Read more

XE Market Analysis: Asia - Dec 30, 2014

By: XE Market Analysis

FX dealings were quiet on the last full trading day of 2014, though while the dollar started out on a weaker footing, it made up modest ground after the London close. Softer than forecast housing price data and consumer confidence had little impact overall. Read more

Potential 2015 Flashpoint #2: The EU

By: HaleStewart

Yesterday, we learned that Greece will have to hold a new election at the end of January because their current president couldn’t win a large enough percentage of the vote. Compounding the potential problem is the political opposition is against the austerity rules imposed on Greece by the lenders. Read more

XE Market Analysis: North America - Dec 30, 2014

By: XE Market Analysis

USD-JPY led broader dollar declines, which saw EUR-USD rebound to the upper 1.21s after making a 29-month low at 1.2124. Stop covering in a thin year-end market amplified the magnitude of movements. USD-JPY dove over 100 pips to a two-week low at 119.18, subsequently recovering to the 119.80 area. Read more

XE Market Analysis: Europe - Dec 30, 2014

By: XE Market Analysis

The euro has traded lower in quiet markets in the pre-European open session in Asia. 'Grexit' concerns and expectations that the ECB is on course to announce a QE program at its Jan-22 policy meeting have been weighing. EUR-USD fell to a 29-month low at 1.2124, bringing the July 2012 major-cycle low at 1.2042 into scope. Read more

XE Market Analysis: Asia - Dec 29, 2014

By: XE Market Analysis

FX trade was subdued through the N.Y. session on Monday, though the dollar managed to move broadly higher. EUR-USD touched new trend lows of 1.2145, while USD-JPY made its way over 120.70 from lows near 120.50. Oil prices dropped to new lows under $53, as Wall Street was steady, and yields were virtually unchanged. Read more

XE Market Analysis: North America - Dec 29, 2014

By: XE Market Analysis

The dollar traded slightly lower. EUR-USD lifted to a high of 1.2221 after closing Friday at 1.2175/6, subsequently settling around 1.2200. Markets were at the time of writing waiting for the results of the third and final vote in the presidential election. Read more

XE Market Analysis: Europe - Dec 29, 2014

By: XE Market Analysis

The dollar traded slightly lower in quiet pre-Europe trade in Asia. EUR-USD lifted to a high of 1.2201 after closing Friday at 1.2175/6, subsequently settling around 1.2190. Cable saw a similar price action, as did AUD-USD, which rose to a peak of 0.8149 before settling around 0.8130. Read more

International Economic Preview For the Week of December 29-January 2

By: HaleStewart

Like last week, this week has a major, world-wide holiday right in the middle of the week, making this a holiday week, more or less. However, there are still economic numbers coming out. So, focus on the following releases this week. Tuesday UK House Price Index: There are two house price indexes in the UK. Read more

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