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XE Market Analysis: Europe - Mar 26, 2014

By: XE Market Analysis

The AUD rose to a new trend high of 0.9201 against the USD, which was the first time above the 0.92 level since last November. This is now the fourth day the Aussie has breached above its previous day's high. Today's trigger was a speech by RBA Governor Stevens, whose refrain from talking down the currency was taken by market participants as a tacit sign of a more accepting attitude to what the RBA previously described as a historically weak currency. Read more

XE Market Analysis: Asia - Mar 25, 2014

By: XE Market Analysis

The dollar showed signs of firming in morning N.Y. trade on Tuesday, though USD longs ultimately threw in the towel. EUR-USD touched support at 1.3750 at the London close, though quickly ramped up over 1.3825 on a wave of intra day short covering. USD-JPY, which had struggled over 102.50, tested the level again, and failed, sending the pairing back into 102.20.The dollar bloc rallied on better risk taking levels, as stocks and commodities rebounded some, perhaps on hopes of fresh China stimulus. Read more

XE Market Analysis: North America - Mar 25, 2014

By: XE Market Analysis

The euro corrected some of the sharp gains it saw during the New York PM session yesterday. The market reacted to remarks from ECB's Weidmann, who argued that negative interest rates could be a more effective tool in countering a strong euro than other measures. Read more

XE Market Analysis: Europe - Mar 25, 2014

By: XE Market Analysis

The euro has consolidated Monday's sharp gain that was seen after the London close. We have heard that the move may have been sparked by a position exit from a long gold, short euro trade following the fairly steep drop in gold prices over the last 10 days, which was possibly put on as a hedge against geopolitical tensions worsening as the situation with the Ukraine worsened. Read more

XE Market Analysis: Asia - Mar 24, 2014

By: XE Market Analysis

The FX market was very quiet to start off the week, with major pairings inside of tight ranges, and volumes on the light side through the morning session. EUR-USD inched to session highs near 1.3790 in early afternoon, though managed to trip stops at 1.3800 and then 1.3845 after putting in a floor around 1.3760 at the open. Read more

Pound/Dollar Chart Breaks Short-Term Support

By: HaleStewart

The chart above is a 6 month pound/dollar chart. Prices have broken the short-term trend line connecting the early November and early February lows. The shorter EMAs (10 and 20 day) are both moving lower with the 10 day crossing below the 20. The 50 day EMA is now moving sideways and the MACD has given us a sell signal. There are several reasons for this move. Read more

XE Market Analysis: North America - Mar 24, 2014

By: XE Market Analysis

USD-JPY and EUR-JPY rose above their respectively Friday highs amid moderate yen underperformance, while EUR-USD gave back early gains following disappointing German PMI data and breached its Friday low. USD-JPY logged a high of 102.64, but remained shy of last week's peak at 102.68. Read more

XE Market Analysis: Europe - Mar 24, 2014

By: XE Market Analysis

The yen traded moderately softer as the Nikkei stock index surged as Japanese markets reopening following Friday's holiday. The Nikkkei's 1.8% closing gain outperformed the region (the MSCI Asia Pacific gained 0.9%) even though the flash estimate of the China HSBC-Markit PMI disappointed at 48.1 (median was for 48.7). Read more

Weekly Indicators: springing to life edition

By: New_Deal_democrat

Monthly news for February featured a big positive number for the Leading Economic Indicators. In large part this was due to the big rebound in housing permits. Housing starts, however, fell, as did existing home sales. Industrial production rose strongly. Read more

International Week in Review; More of the Same Edition

By: HaleStewart

Let's start by looking at the news from the EU, where we learned prices are still very much contained. Core CPI came in at 1% Y/Y, while total CPI was .7% for the same period. There is also no wage pressure, as these costs increased a mere 1.4% in 4Q2013. Read more


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