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

AD

XE Market Analysis: North America - May 20, 2014

By: XE Market Analysis

The biggest mover in the Asia and European AM sessions was the AUD, which took a tumble following RBA Debelle's remarks that "lower capital inflows may result in a lower currency," and amid continued weakness in resource commodity prices. AUD-USD logged a two-week low of 0.9257 while AUD-JPY fell to a near two-month trough. Read more

XE Market Analysis: Europe - May 20, 2014

By: XE Market Analysis

JPY and AUD weakness was the main theme during pre-European trade in Asia. The yen weakened as stocks followed Wall Street's lead and rose. The Nikkei rose 0.8% as it rebounded from a one-month low, and most other regional bourses were higher, though China's Shanghai Composite was flat, failing to hold onto intraday gains as markets anticipate the prospect of about 100 initial public offerings that are due in the period from June to year-end. Read more

The housing market I: higher interest rates and prices have halted the recovery in single family homes

By: New_Deal_democrat

Based on the increase in interest rates last summer, by now I thought that housing in general would be down about -100,000 units a year. Although the housing market in general has slowed down, that hasn't happened, and the more volatile housing starts number showed a YoY increase of more than 20% YoY in April. When a forecast doesn't pan out as I expect, I try not to argue with the data. Read more

The housing market I: higher interest rates and prices have halted the recovery in single family homes

By: New_Deal_democrat

Based on the increase in interest rates last summer, by now I thought that housing in general would be down about -100,000 units a year. Although the housing market in general has slowed down, that hasn't happened, and the more volatile housing starts number showed a YoY increase of more than 20% YoY in April. When a forecast doesn't pan out as I expect, I try not to argue with the data. Read more

XE Market Analysis: Asia - May 19, 2014

By: XE Market Analysis

FX trade was very sluggish in N.Y. on Monday, as a lack of data coupled with steady yields, and marginally higher equities to keep the dollar inside a narrow band. EUR-USD managed a 1.3703 to 1.3734 range, though spent most of its time inside of 1.3715-25. Read more

XE Market Analysis: North America - May 19, 2014

By: XE Market Analysis

The USD established was softer versus the JPY and EUR, and was more flat-to-mixed against other currencies. USD-JPY broke below the Mar-3 low to make a three-month low of 101.10. EUR-JPY and other yen crosses were also lower as the yen followed its usual inverse correlation with risk appetite, as weak house price data out of China fed slowdown concerns in Asia's biggest economy. Read more

XE Market Analysis: Europe - May 19, 2014

By: XE Market Analysis

The yen posted gains during the PM session in Tokyo amid a developing risk aversion theme as weak house price data out of China fed slowdown concerns in Asia's biggest economy. The Nikkei stock index was showing a 0.6% decline in late session, while Australia's ASX 200 closed 1.2% for the worse, while the broad MSCI Asia Pacific index was indicated with a 0.4% decline. Read more

Weekly Indicators: the tax withholding anomaly edition

By: New_Deal_democrat

This monthly data for April included new post-recession highs for housing permits and starts, positive NY and Philly Fed manufacturing readings, and slightly positive retail sales. On the other hand, both producer and consumer inflation ran hot, meaning real retail sales were negative (but March was revised higher), University of Michigan sentiment turned down, and both industrial production and capacity utilization turned down sharply (partly due to a steep decline in utility usage after the unusually severe winter). My weekly report on the high frequency weekly indicators is meant to provide an up-to-this-week snapshot of the economy. Read more

International Week In Review: Japanese And EU Slowdown In the Works Edition

By: HaleStewart

Let's start by looking at the good news coming from Japan: the corporate CPI index increased 4.1% Y/Y and 2.8% M/M. This is very good news on the inflation front, indicating that price gains are starting to take hold. In addition, machine tool orders increased 48.8% Y/Y, indicating the businesses are starting to retool as a result of consumer demand. Read more

XE Market Analysis: Asia - May 16, 2014

By: XE Market Analysis

FX trade was fairly uneventful in N.Y. on Friday, with narrow ranges holding up overall. Better than expected housing starts, was offset by a softer Michigan sentiment outcome later, though neither report had much dollar impact. EUR-USD traded under 1.3700 early in the session, though recovered briefly toward 1.3720 before settling into the 1.3700 area. Read more

Pages

Paste link in email or IM