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XE Market Analysis: Europe - Jun 27, 2014

By: XE Market Analysis

The USD is softer across-the-board. EUR-USD recovered to the 1.3620-30 area as the 10-year T-note over bund yield spread narrowed below 127 bp after probing near 130 bp a couple of days ago. This recouped the losses see after yesterday's "ECB sources" report that even lower rates might be tolerated in the Eurozone, which had sent EUR-USD to a 1.3575 low. Read more

XE Market Analysis: Asia - Jun 26, 2014

By: XE Market Analysis

The dollar was mixed through the morning session, firmer versus the euro and softer against the yen. Weekly jobless claims were in line with forecasts, as was personal income gains, though consumption missed the mark. Equities moved sharply lower through the morning, as yields fell back in sympathy. Read more

XE Market Analysis: North America - Jun 26, 2014

By: XE Market Analysis

Sterling rallied after the BoE announced measures to cap mortgage lending, while the AUD and other dollar bloc currencies rose in sympathy with stock markets, which rallied across Asia and Europe following Wall Street's lead as the markets reacted to the drop in U.S. Read more

XE Market Analysis: Europe - Jun 26, 2014

By: XE Market Analysis

The AUD and other dollar bloc currencies rose in sympathy with stock markets, which rallied across Asia following Wall Street's lead as the markets reacted to the drop in U.S. Treasury yields and implications on Fed policy following the ugly Q1 GDP revision. Read more

XE Market Analysis: Asia - Jun 25, 2014

By: XE Market Analysis

The huge downward Q1 GDP revision, along with a soft durables report, sent the dollar broadly lower in early N.Y. trade on Wednesday. The greenback moved from 1.3615 to 1.3651 versus the euro after the data, and EUR-USD largely held those gains through the session. Read more

Yes, the First Quarter GDP Figure Was An Anomaly

By: HaleStewart

We’ve seen a fair amount of hyperventilating about the final 1Q GDP number printing a negative 2.9%. However, let’s take a deep breath and look at the facts and data to get an idea not only for what happened but it will continue. Let’s start with this: assume for a minute the weather is very cold and unpredictable. Read more

XE Market Analysis: North America - Jun 25, 2014

By: XE Market Analysis

The AUD and other dollar bloc currencies continued to soften amid a risk-averse sentiment as unrest in Iraq and Ukraine dominated headlines in markets otherwise lacking strong leads. AUD-USD ebbed to a one-week low of 0.9354, which is nearly a big figure down on the two-month high seen on Monday. Read more

XE Market Analysis: Europe - Jun 25, 2014

By: XE Market Analysis

The AUD and other dollar bloc currencies continued to soften amid a risk-averse sentiment as stocks in Asia fell, following Wall Street's lead, as escalating tensions in Iraq saw oil prices extend higher. AUD-USD ebbed to a one-week low of 0.9354, which is nearly a big figure down on the two-month high seen on Monday. Read more

XE Market Analysis: Asia - Jun 24, 2014

By: XE Market Analysis

The dollar spent the morning ticking modestly higher, getting a boost from firmer house prices, an uptick in consumer confidence, and a sharp rise in new home sales. EUR-USD made its way to 1.3594 lows, after opening near 1.3620. USD-JPY rallied over 102.15, after finding support under 101.90. Read more

New home sales: mortgage now or be forever priced out?

By: New_Deal_democrat

New single family home sales reported this morning were a blowout. There's no doubt about that. Just take a look at the raw regional numbers from the Census Bureau. On both a monthly and a YoY basis, there were *extremely* sharp increases in 3 out of 4 regions. So what happened to the housing slowdown? Actually I think it is still here, although with mortgage rates lower YoY I expect it to abate (not completely) by the end of the year. Two months ago, new home sales for March were reported as the worst new home sales report in two years: http://online.wsj.com/news/articles/SB10001424052702303380004579519431631415734 plunging -14% from February, down to 384,000. Read more

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