Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News

AD

XE Market Analysis: North America - Nov 06, 2013

By: XE Market Analysis

Risk appetite picked up during the European morning after a mixed overnight session. GBP added to Tuesday's gains after U.K. manufacturing and production data beat expectations, which lifted Cable above 1.6100 and left EUR-GBP heavy below 0.8400. EUR benefited from an upward revision in Eurozone composite PMI, although it was still down from September and the national readings were mixed. Read more

XE Market Analysis: Europe - Nov 06, 2013

By: XE Market Analysis

The FX majors consolidate in Asia and were largely unchanged from Tuesday's N.Y. closing levels. Good U.S. data revived expectations that the Fed could taper policy in December, which provided a modicum of support for the dollar on dips, though larger flows were still minimal ahead of Thursday's ECB policy outcome and key U.S. Read more

UK News Continues to Be Pound Bullish

By: HaleStewart

Thanks to a period of forced austerity, the UK economy experienced very slow growth, as shown in the following chart: From the end of 2011 to the first quarter of this year, the best rate of annual growth for the UK economy was 1.1%. However, also notice that over the last two quarters we’ve seen a marked acceleration of growth, with the annual rate printing at 1.3% and 1.5% in the last two readings. Read more

XE Market Analysis: Asia - Nov 05, 2013

By: XE Market Analysis

The dollar firmed up versus most major currencies in N.Y. trade on Tuesday, as EU growth projections were trimmed, and EU PPI softened further. In addition, U.S. non manufacturing ISM printed better than expected levels, Wall Street took Europe's losing lead early on, though managed to recover later in the session on the back of the improved ISM. Read more

XE Market Analysis: North America - Nov 05, 2013

By: XE Market Analysis

The major movement in the European morning session went through GBP after U.K. services sector PMI jumped to a sixteen-year high at 62.5 in October. Cable rallied out of 1.5950 to 1.6062 highs and dragged EUR-USD up from 1.3480 to 1.3500, while AUD-USD recovered from 0.9470 back over 0.9500. Read more

XE Market Analysis: Europe - Nov 05, 2013

By: XE Market Analysis

There wasn't much movement of significance in Asia as the FX majors moved within familiar and narrow ranges. EUR traded near 1.3500, Cable was just short of the 1.6000 region and USD-JPY moved either side of 98.50. The only notable movement came when the RBA maintained policy rates at 2.5% and released its accompanying statement, which left the door open for more policy action if needed. Read more

XE Market Analysis: Asia - Nov 04, 2013

By: XE Market Analysis

The dollar traded on an easier footing versus the euro in N.Y. on Monday, after it registered fresh trend highs in thin Asia trade. Asian participants fished for stops after last week's big move out of EUR-USD longs amid renewed talk of Fed taper and ECB rate cut speculation following weaker than expected Eurozone CPI data. Read more

International Macro Sweep of Economic Numbers, Week of October 28-November 1

By: HaleStewart

Perhaps most importantly, last week we saw some strong numbers coming out of Japan that indicate “Abebomics” continues to pay dividends for the Japanese economy. Retail sales increased 3.1% year over year (YOY) while industrial production increased 1.5% month over month (MOM) and 5.4% YOY. Read more

XE Market Analysis: North America - Nov 04, 2013

By: XE Market Analysis

The dollar eased in Europe after it registered fresh trend highs in thin Asia trade. Asian participants fished for stops after last week's big move out of EUR-USD longs amid renewed talk of Fed taper and ECB rate cut speculation following weaker than expected Eurozone CPI data. Read more

XE Market Analysis: Europe - Nov 04, 2013

By: XE Market Analysis

The dollar held firm in Asia after posting a decent rally late last week due to renewed talk of Fed taper and ECB rate cut speculation following weaker than expected Eurozone CPI data. EUR-USD slumped to 1.3442 lows in Asia in very thin trade and led to a Cable drop to 1.5904. Read more

Pages

Paste link in email or IM