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Plenty of Upside Room on the 5-Year EUR/USD Chart

By: HaleStewart

Above is a 5-year weekly chart of the EUR/USD. Now that prices have moved through the 1.38 level with conviction, the question becomes what is the next price target? As the above chart shows, a level right below 1.42 holds the next technical resistance level. Hale Stewart is a former bond broker who has been writing about economics and financial markets since 2006 on the Bonddad Blog. Read more

XE Market Analysis: Asia - Mar 12, 2014

By: XE Market Analysis

The dollar was mostly lower through the session, though risk off conditions kept pressure on the CAD and AUD, at least through the morning session. EUR-USD reclaimed the 1.39 handle again, though failed to take out Friday's 1.3915 peak. USD-JPY meanwhile, headed to 102.55 lows, on risk aversion, softer equities, and lower Treasury yields. Read more

XE Market Analysis: North America - Mar 11, 2014

By: XE Market Analysis

EUR-USD drifted to sub-1.3850 levels for the first time since last Thursday in otherwise fairly featureless trade. The continuing Russia v NATO Crimean standoff has weighed on the euro a little today, while some bank research notes in circulation are seeing EUR-USD as being overvalued, partly with the U.S. Read more

The EU Is Still Very Sick

By: HaleStewart

There are several important articles today on the overall health of the EU economy. First, Martin Wolf at the FT has written a very thorough piece arguing the ECB is far too complacent regarding deflation. His post links to an IMF blog post that argues weak inflation readings are indeed a danger sign the ECB is not heeding. Read more

XE Market Analysis: North America - Mar 12, 2014

By: XE Market Analysis

Risk-off positioning was seen in the main currency markets, which means JPY and CHF outperformance and AUD underperformance, as China concerns hit natural resources, particularly copper, along with global stock markets. Copper futures have been slammed to a near four-year low as the unexpected dive China export data continued to reverberate, along with concerns of more corporate bond defaults. Read more

XE Market Analysis: Asia - Mar 11, 2014

By: XE Market Analysis

FX trade was again relatively quiet in N.Y. on Tuesday, with a lack of first tier data limiting directional cues. Wholesale sales data were softer than expected, though this data series rarely has much impact on the dollar. Major USD pairings were held inside famililar and narrow ranges, though overall, the greenback lost some ground. Read more

XE Market Analysis: Europe - Mar 11, 2014

By: XE Market Analysis

Narrow ranges were seen among the main currencies today in pre-London open trade in Asia. USD-JPY posted a 103.20-103.42 range, settling around 103.30. The BoJ did the expected and left its overnight rate at 0.1% and the monetary base target at Y60-70 tln. Read more

XE Market Analysis: Asia - Mar 10, 2014

By: XE Market Analysis

FX trade was subdued in N.Y. on Monday, as the dollar largely consolidated last week's moves. EUR-USD was steady between 1.3869 and 1.3890, as USD-JPY meandered inside a 103.15-40 band. There was no U.S. data to drive the dollar, though with uncertainty in the Ukraine in place, risk taking levels were depressed, which weighed on Wall Street and dented yields slightly. Read more

The US employment situation is far weaker than the Feburary jobs number suggests

By: New_Deal_democrat

While February job growth was decent at +175,000, the overall US employment picture in the last few months has deteriorated substantially. First of all, since 2009 there was been some apparent unresolved seasonality in the report: winter employment report were considerably stronger than summer employment reports. Read more

XE Market Analysis: North America - Mar 10, 2014

By: XE Market Analysis

Some chop was seen today, with data disappointments out of China and Japan fuelling a risk-off session in Asia before sentiment recovered poise in the European AM session, which was aided by a flurry of corporate deal announcements and the memory of last Friday's the solid U.S. Read more


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