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XE Market Analysis: Europe - Apr 08, 2014

By: XE Market Analysis

Yen firmness was the main theme in pre-Europe trade in Asia. USD-JPY broke below 103.00 and left a low at 102.74, which is the lowest level seen since Mar-28. A subsequent rebound saw the 103.00 level retaken before the pair settled around the 102.90 mark. Read more

XE Market Analysis: Asia - Apr 07, 2014

By: XE Market Analysis

The dollar fell in N.Y. trade on Monday, as Wall Street took another beating, and as Treasury yields slipped. EUR-USD traded to near 1.3750 from opening levels near 1.3720, as USD-JPY eased into the 103.00 level. USD-CAD faded under 1.1000, while cable reclaimed the 1.66 handle. Read more

XE Market Analysis: North America - Apr 07, 2014

By: XE Market Analysis

No too much net change in quiet trade. EUR-USD popped higher on ECB-speak by Nowotny and USD-JPY recovered to the 103.30 after dipping below 103.00 for the first time since last Tuesday. EUR-USD lifted to 1.3720 after earlier trading just under 1.3700. Read more

XE Market Analysis: Europe - Apr 07, 2014

By: XE Market Analysis

Moderate yen firmness was the main theme during pre-European trade in Asia. USD-JPY dipped to a low of 102.99 after closing last week around 103.25. The pair subsequently recovered to the 103.10 area. EUR-JPY, AUD-JPY, and other yen crosses, saw a similar pattern. Read more

International Week in Review; The ECB Drops the Ball (Again) Edition

By: HaleStewart

     This week, let's start with Australia where the Reserve Bank of Australia kept rates at 2.5% this week.  Governor Stevens gave the following assessment of the economy in the press release: Read more

Weekly Indicators: the spring rebound continues edition

By: New_Deal_democrat

The big monthly news for March was the 197,000 jobs added. Aggregate hours worked equalled their 2007 high, and private sector jobs made an all time high. Average wages, however, declined slightly. Vehicle sales also made a post-recession high. Both ISM manufacturing and services were positive. Read more

XE Market Analysis: Asia - Apr 04, 2014

By: XE Market Analysis

The dollar jerked higher then lower following the in-line U.S. jobs report, and settled slightly firmer versus the euro, and sharply lower against the yen. Wall Street and yields held up early on, though Wall Street took a dive after the S&P 500 and DJIA made new all time highs. Read more

The ECB's Over-Reliance on Economic Projections At the Expense Of Current Data

By: HaleStewart

Despite a four year low in the rate of inflation and calls from others in the central banking community for the ECB to take extraordinary action, the European Central Bank has declined to do so. Underlying this lack of policy action is the question of, "why?" The answer lies in the ECBs reliance on economic projections at the expense of current economic numbers. Read more

XE Market Analysis: North America - Apr 04, 2014

By: XE Market Analysis

EUR-USD managed to edge out a new low of 1.3495, which is a pip shy of the Feb-28 low. Trading conditions were quiet ahead of the U.S. payrolls release, but the move nonetheless shows the bearish bias in the market following the ECB meeting yesterday. Read more

XE Market Analysis: Europe - Apr 04, 2014

By: XE Market Analysis

Narrow ranges prevailed ahead of the U.S. jobs report and with the Asia session lacking data or fresh leads. The same story was also seen in asset markets, with equity markets, for instance, near flat amid low volumes. USD-JPY flat-lined around 103.85-90, below yesterday's 104.11 two-month peak, as the yen's recent bout of pronounced weakening came to pause. Read more

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