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XE Market Analysis: Europe - Aug 01, 2014

By: XE Market Analysis

Both trade and direction were limited in the pre-European Asian session by the proximity of the U.S. payrolls release later today. EUR-USD stuck near to the 1.3385-90 area, leaving yesterday's 1.3371 low and Wednesday's eight-month nadir at 1.3367 untroubled while at the same time lacking the muster to test 1.3400, which capped yesterday. Read more

XE Market Analysis: Asia - Jul 31, 2014

By: XE Market Analysis

The dollar started the Thursday session on a firmer footing, though as Wall Street was crushed on Fed tightening concerns, it later gave back some of its gains. Firmer ECI data along with a sub-par Chicago PMI outcome dented risk taking sentiment, while weekly jobless claims rose, but were in line with expectations. Read more

Japanese Industrial Production Is Sending Concerning Signals

By: HaleStewart

While not the most prominent indicator used in the Conference Board's leading index for Japan (it only accoounts for 9% of the index), industrial production is still a very important indicator of current current business activity. Unfortunately, as the charts from the latest report show, this indicator is sending concerning signals about the health of the Japanese economy. Read more

XE Market Analysis: North America - Jul 31, 2014

By: XE Market Analysis

The dollar extended post-GDP gains against sterling and the Aussie dollar, though remained below yesterday's peaks versus the euro and yen. News that Argentina is heading for a default didn't have much impact on the main currencies, while a dip in Eurozone inflation figures didn't surprise after the soft German and Spanish data of yesterday. Read more

XE Market Analysis: Europe - Jul 31, 2014

By: XE Market Analysis

The dust settled after yesterday's USD surge on the solid U.S. GDP print. EUR-USD flat-lined in the high 1.33s after making a 1.3367 eight-month low yesterday. The drop came concomitantly with a dip in the 10-year Bund over T-note yield differential, which sank to near major-trend lows around -138 bp. Read more

XE Market Analysis: Asia - Jul 30, 2014

By: XE Market Analysis

The dollar rallied after a decent ADP jobs survey, and a much stronger first look at Q2 GDP. EUR-USD fell from near 1.3400 to trend lows of 1.3367 after the data, and stayed down into the FOMC announcement. USD-JPY rallied to nearly three-month highs, topping out at 103.01 ahead of the Fed. Read more

Second quarter GDP: very good, likely getting better, but a caution for 2015

By: New_Deal_democrat

The second quarter advance real GDP print of +4.0% reported this morning is certainly welcome news, as was the upward revision of Q1 to a slightly less awful -2.1%. Still, as needs to be said, that averages out to a meager +0.9% for the entire first half. But hold the glass-half-empty DOOM. Read more

XE Market Analysis: North America - Jul 30, 2014

By: XE Market Analysis

The dollar extended recent gains, trading on a 1.33 handle against the euro for the first time since last November, making a six-week high against sterling, a three-week peak against the yen and an eight-day high versus the Aussie. A drop in Spanish HICP to -0.3% y/y in the flash estimate for July, down from 0.1% in June, rekindled Eurozone deflation concern and sparked the dip in EUR-USD to 1.3394. Read more

XE Market Analysis: Europe - Jul 30, 2014

By: XE Market Analysis

EUR-USD edged out a fresh low of 1.3403 in quiet trade in Asia, which makes this the tenth lower low over the last 12 trading days. A Morgan Stanley research note arguing that short euro is the "G10 trade for the next 12 months" aptly reflects the general market sentiment. Read more

XE Market Analysis: Asia - Jul 29, 2014

By: XE Market Analysis

The dollar rallied across the board in N.Y. trade on Tuesday, as EUR-USD edged under 1.3410, making new eight month lows, as USD-JPY reclaimed the 102 handle for the first time in over two-weeks. Cable drifted under 1.6935, as USD-CAD rallied over 1.0865. Read more

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