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XE Market Analysis: North America - Dec 04, 2014

By: XE Market Analysis

The dollar has remained bid with USD-JPY extending further into seven-year high territory in making 119.98, stalling fractionally shy of the 120.00 level, which is reportedly a big option barrier. BoJ's Sato said the rate of CPI gains may slip, while the latest polls found that PM Abe is set for landslide victory, which in the event would provide a strong endorsement of yen-negative 'Abenomics' policies. Read more

October housing reports: all positive for the first time in a year

By: New_Deal_democrat

Let me start out by quickly explaining why I pay so much attention to the housing market. It is because no other single economic indicator so accurately foretells the health of the economy 12-18 months later than housing, and in particular new housing sales. Read more

XE Market Analysis: Europe - Dec 04, 2014

By: XE Market Analysis

The dollar remained firm with USD-JPY extending further into seven-year high territory in making 119.95, bringing the 120.00 level very much into scope. The 120 level is reportedly a big option barrier, though the strong momentum of the bull trend should seen this level overcome before long. Read more

XE Market Analysis: Asia - Dec 03, 2014

By: XE Market Analysis

The dollar moved higher in N.Y. trade on Wednesday, as incoming data was supportive, yields moved higher, and Wall Street mounted a modest rally. The November ADP jobs report missed forecasts slightly, though was good enough to keep markets relatively calm. Read more

Russian Situation Deteriorates Further

By: HaleStewart

News focused on Russian economy continues to deteriorate. Let’s start with oil, which has dropped from its absolute June high of 107.68 to yesterday’s close of 67.65, for a total percentage loss of 37%. This places severe pressures on the Russian budget process, because oil revenue is responsible for 50% of the federal budget. Read more

XE Market Analysis: North America - Dec 03, 2014

By: XE Market Analysis

The dollar clocked fresh trend highs against the euro, yen and the Aussie, and made advances against most other currencies. EUR-USD clocked a new 28-month low at 1.2322 following the final release of the Eurozone November PMI survey data, which saw the composite headline revised down to 51.1 from 51.4 reported initially. Read more

XE Market Analysis: Europe - Dec 03, 2014

By: XE Market Analysis

The dollar clocked fresh trend highs against the yen and the Aussie, and made advances against most other currencies. USD-JPY made a new seven-year high for the third consecutive day, this time at 119.44. There was no specific catalyst, though the backdrop of favourable dollar yields and political uncertainty into Japan's Dec-14 election continue to underpin the pair. Read more

XE Market Analysis: Asia - Dec 02, 2014

By: XE Market Analysis

The dollar regained its footing in N.Y. trade on Tuesday, taking EUR-USD to one-week lows of 1.2384, and USD-JPY to new trend highs of 119.28. On the economic front, October construction spending was better than expected, while November auto sales were solid. Read more

About that 11% decline in post-Thanksgiving US retail sales: It Didn't Happen

By: New_Deal_democrat

By now you have probably run across one of the media stories that there was a big 11% decline in "Black Friday" and Thanksgiving weekend US retail sales, for example the New York Times report that "Thanksgiving Weekend Sales, at Stores and Online, Slide 11 Percent." Read more

XE Market Analysis: North America - Dec 02, 2014

By: XE Market Analysis

The dollar picked a moderate bid amid continued broad commodity price declines. EUR-USD ebbed to the low 1.24s, which is roughly half-a-big-figure down on yesterday's closing levels. Cable dipped to an intraday low of 1.5692, aided by a sub-expectations construction PMI out of the U.K, which fell to 59.4 from October's 61.5 reading. Read more

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