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XE Market Analysis: North America - Jan 14, 2014

By: XE Market Analysis

EUR-USD broke above its post-payrolls high and logged a 12-day peak of 1.3699 before settling around 1.3670-80 after some whippy price action. The pop higher was sparked by an optimistic prognosis of the Eurozone economy by ECB's Nowotny. We subsequently had a forecast-beating 1.8% m/m gain in Eurozone industrial production that sent the y/y rate to 3.0%, the highest since August 2011, though this didn't seem to have a great bearing on the euro. Read more

The changed relationship between interest rates and stock prices

By: New_Deal_democrat

I've written a fair amount recently about the impact of rising interest rates. For example, they are certainly negatively impacting house sales and consumer refinancing. But what about stock prices? How they correlate with stock prices depends entirely upon whether the primary worry is inflation or deflation. When the primary worry is inflation, interest rates generally move in the opposite direction as stock prices. Read more

XE Market Analysis: Europe - Jan 14, 2014

By: XE Market Analysis

USD-JPY made a fresh low during the NY afternoon session of 102.85 and subsequently rebounded during the Asian session to 103.52 before settling. Hefty stock market losses in Asia curtailed yen weakness. Data showed that Japan's current-account deficit widened to a record in November on the back of higher imports. Read more

XE Market Analysis: Asia - Jan 13, 2014

By: XE Market Analysis

The dollar was mostly firmer versus the European majors in N.Y. trade on Monday, though it lost ground to the yen and the CAD. EUR-USD touched 1.2638 lows early in the session, though later rebounded over 1.3660 as equities faltered. USD-JPY traded briefly under 103.00 as risk appetite pulled back, and as Treasury yields dipps\ed a bit lower. Read more

XE Market Analysis: North America - Jan 13, 2014

By: XE Market Analysis

EUR-USD traded modestly lower in quiet trade, making a low of 1.3656 before settling, while the yen extended its post U.S. jobs report advance during Tokyo-less trade in Asia. Encouraging Italian industrial production elicited failed to elicit much market response today. Read more

XE Market Analysis: Europe - Jan 13, 2014

By: XE Market Analysis

The yen extended its post U.S. jobs report advance during Tokyo-less trade in Asia (Japanese markets were closed for a public holiday). USD-JPY dove to its lowest level seen since Dec-18 of 103.25 before finding a toehold. Stop related selling through 103.80-90 reportedly played a big role in thin trade. Read more

International Week in Review: US Payrolls Shocker Edition

By: HaleStewart

Last week was the first full week of economic news for 2014 and the magnitude of the reported data did not disappoint. Perhaps the most important print was the disappointing US payroll data, which came in at a paltry 74,000. This was perhaps more shocking in light of the ADP payroll number printing over 200,000 a few days prior. Read more

Weekly Indicators: Real M2 and consumer spending weaken edition

By: New_Deal_democrat

The big monthly news for December was the unexpectedly poor payrolls report, but there is evidence that this was mainly a fluke due to poor weather. The workweek declined, which is a negative for the LEI. The unemployment rate declined, as the labor force declined. Read more

XE Market Analysis: Asia - Jan 10, 2014

By: XE Market Analysis

The dollar fell sharply and stayed down after the big jobs report miss, where the NFP print came in at just 74k, versus street consensus of around 200k. EUR-USD inched into lows of 1.3568 into the data, before rocketing to 1.3665 highs immediately afterward. Read more

Dollar Breaking Out Versus the Loonie on the Weekly Chart

By: HaleStewart

Above is a weekly chart of the USD/CAD. It shows a rounding bottom formation that started in the third quarter of 2009. Recently, prices broke through the 1.06-1.08 level where a fair amount of resistance remained from prints in 2009. So -- why the breakout? The central reason is the Fed's announcement that it will start to taper its bond buying program. Read more

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