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Will Housing Market Weakness Keep the Fed on the Sideline Longer?

By: HaleStewart

On Wednesday, the Federal Reserve will issue its latest interest rate policy statement for the US economy. The general consensus is for the Fed to continue cutting its asset purchase program but keeping interest rates on hold. But as the US economy has exhibited stronger growth characteristics (largely as a result of stronger than expected employment numbers) many analysis have moved up their estimate of the date when the Fed will start to raise interest rates. Read more

XE Market Analysis: North America - Jul 29, 2014

By: XE Market Analysis

The dollar is moderately firmer across-the-board into the start of the two-day FOMC meeting, which is expected to see the Fed taper a further $10 bln off the QE purchase program. EUR-USD dipped to the 1.3630 area while USD-JPY lifted to 102.00, where good Japanese exporter offers are reported. Read more

XE Market Analysis: Europe - Jul 29, 2014

By: XE Market Analysis

The dollar is moderately firmer across-the-board into the start of the two-day FOMC meeting, which is expected to see the Fed taper a further $10 bln off the QE purchase program. EUR-USD has dipped to the 1.3630 area while USD-JPY has risen above 101.95, though has so far remained shy of 102.00, where good Japanese exporter offers are reported. Read more

XE Market Analysis: Asia - Jul 28, 2014

By: XE Market Analysis

FX trade nearly ground to a halt in N.Y. trade on Monday, with major dollar pairings sticking to 20 point trading ranges. EUR-USD idled inside of 1.3431-44, while USD-JPY managed a 101.76-87 trading band. USD-CAD flat-lined to a 1.0799-1.0818 range, while cable was stuck at 1.6983-1.7000. Read more

XE Market Analysis: Europe - Jul 28, 2014

By: XE Market Analysis

Narrow ranges have prevailed among the main currencies in early week trade ahead of a number of central bank policy meetings and a flood of key data releases due this week. EUR-USD flat-lined around 1.3430-35, while USD-JPY traded fractionally higher to the 101.85 area. Read more

Weekly Indicators: blowout initial jobless claims edition

By: New_Deal_democrat

Monthly June data included a big disappointment in new single family home sales, but positive existing home sales.  Consumer inflation came in slightly hot monthly, but tame YoY.  Durable goods were up. Read more

International Week in Review; US Housing Market Continues to Stall Edition

By: HaleStewart

US news was a bit disappointing, largely because of weak housing numbers. New home sales decreased 8.1%. While it should be noted the previous month saw an increase of 8.3% (meaning the latest number could be seen simply as a “cooling off” from a strong month), a drop this large is concerning. Read more

XE Market Analysis: Asia - Jul 25, 2014

By: XE Market Analysis

The dollar rallied modestly, but broadly in N.Y. on Friday, as weak German Ifo data combined with EU threats of further Russian sanctions, and apparent Russian movement of materiel into Ukraine, to push EUR-USD to new trend lows. The euro's decline set the market up for further dollar buying, which resulted in USD-JPY rallying to nearly three-week highs just under 101.95, and cable moving back toward 1.6770. Read more

XE Market Analysis: North America - Jul 25, 2014

By: XE Market Analysis

EUR-USD came under some pressure into the end of the week, after the softer than expected German Ifo reading, which showed geo-political tensions weighing on business confidence. Expectations for an improvement in U.S. durable goods orders this morning has added some pressure a well. Read more

XE Market Analysis: Asia - Jul 24, 2014

By: XE Market Analysis

The dollar was broadly firmer in N.Y. trade on Thursday, with mixed data and marginally improved risk levels supporting. Jobless claims were the lowest since 1006, while Markit PMI miss forecasts somewhat. New home sales were soft, but overall, better China and EU data helped sentiment. Read more

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