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XE Market Analysis: Asia - Sep 29, 2014

By: XE Market Analysis

Despite the volatility on Wall Street, and lower Treasury yields, the dollar remained fairly stable in N.Y. trade on Monday. Overall, the greenback did lose some ground to most major currencies, though this came after an overnight session which saw EUR-USD post trend lows, and USD-JPY trend highs. Read more

International Economic Preview For the Week of September 29-October 3

By: HaleStewart

       The following data releases will have a disproportionate impact in the coming week. Read more

Weekly Indicators: Positive but with more deceleration edition

By: New_Deal_democrat

In the rear view mirror, 2Q GDP finally settled out at +4.6%. Monthly data for August included a blowout improvement in new home sale (much of which I suspect will be revised away next month), and a slight decline in existing home sales, Durable goods ex-Boeing were slightly higher. Read more

XE Market Analysis: Asia - Sep 26, 2014

By: XE Market Analysis

The dollar gained across the board in N.Y. trade on Friday, as equities clawed back some of Thursday's sharp losses, and as interest rates edged higher, in part related to the departure of bond guru Gross from PIMCO. On the data front, the final Q2 GDP revision match better expectations, while U. Read more

International Week In Review: Australian Concerns Growing Edition

By: HaleStewart

Let’s start with a one-sentence overview of the major economies: Australia is clearly slowing down as a direct result of China’s growth slowing Japan is hitting a post-Abenomics rough patch that may lead to further government or BOJ action Canada is in the middle of slow and steady growth The US is growing at a strong rate The UK continues to be the best performing major economy, although indicators are lower from earlier year highs The EU still may be slipping into a deflationary spiral Earlier this week, I wrote about the continuing negative news from the EU. Read more

XE Market Analysis: North America - Sep 26, 2014

By: XE Market Analysis

The dollar majors were comparatively steady in pre-U.S. open trade. USD-JPY lifted from the mid-108s back above 109.00 on slightly tamer than expected CPI data out of Japan. EUR-USD consolidated the gains seen in the wake of yesterday's somber set of data out of the U.S., remaining in a narrow range in the mid-127s, leaving the 22-month low at 1.2697 untroubled. Read more

XE Market Analysis: Europe - Sep 26, 2014

By: XE Market Analysis

The dollar bloc currencies fell to fresh lows as Asian equity markets posted another negative session. AUD-USD hit a seven-month low of 0.8751, NZD-USD a one-year low at 0.7886 and USD-CAD a seven-month high at 1.1132. The other main currencies traded steadily during the pre-European Asia session. Read more

XE Market Analysis: Asia - Sep 25, 2014

By: XE Market Analysis

Given the melt-down on the risk taking front, the dollar held up fairly well in N.Y. trade on Thursday. Major U.S. indices fell sharply, with selling perhaps led by month and quarter end considerations. After dipping briefly under 1.2700 in London, EUR-USD found support into the figure, basing just under 1.2710, before moving over 1.2760 on the back of short covering. Read more

The News From the EU Continues to Disappoint

By: HaleStewart

The news from the EU continues to disappoint. Let’s start with the latest reading of consumer confidence, which decreased again and now stands at -11.4. This indicator rose for about half the year, but has since taken a fairly severe downturn. Read more

XE Market Analysis: North America - Sep 25, 2014

By: XE Market Analysis

A generally firm dollar environment morphed in to an out-and-out assault on EUR-USD, which dove sharply to a 22-month low of 1.2697 before finding a toe-hold. EUR-GBP crashed to a two-year low, and EUR-JPY hit a one-week low. ECB Draghi's "risk of doing to little outweigh risks for doing to much" speech continued to resonate in markets following a weak set of confidence surveys out of the Eurozone. Read more

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