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XE Market Analysis: Asia - Feb 24, 2014

By: XE Market Analysis

The dollar posted modest gains overall through the morning, though faded back into the London close. Aside from the Chicago and Dallas Fed indices (which were both weaker than expectations), there was nothing on the U.S. calendar. Equities however, posted big gains, taking the major indices to trend and record highs. Read more

XE Market Analysis: North America - Feb 24, 2014

By: XE Market Analysis

EUR-USD unwound early-session gains to 1.3772, which came following an unexpected rise in the German Ifo February business sentiment survey, receding to the 1.3740 area. Final January Eurozone HICP inflation, which was released subsequent to the Ifo report, was unexpectedly revised to +0.8% y/y from 0.7%, but the market for euros was in no mood to test the post-Ifo high and EUR-USD deflated. Read more

XE Market Analysis: Europe - Feb 24, 2014

By: XE Market Analysis

Yen firmness was the main theme among the major currencies, inversely correlating, as usual, with the Nikkei and broadly lower stock markets in Asia today (MSCI Asia Pacific down over 0.5%, Shanghai Composite down over 2%). This followed news out of China that property loans have dropped. Read more

Weekly Indicators: Housing is dead. Long live the Consumer! edition

By: New_Deal_democrat

In January data reported this past week, the Index of Leading Indicators rose, indicating that the expansion is expected to continue through summer. Both producer and consumer prices rose slightly. The Empire and Philly manufacturing indexes fell, although the former remained in expansion. Read more

International Week in Review: A Flood Of Central Bank Meeting Minutes Edition

By: HaleStewart

The worse news of the week came from Japan, where the Y/Y change in GDP was only 1%. We also saw a trade deficit increase caused by a huge 25% Y/Y surge in imports, which was hardly offset by a mere 9.5% increase in exports. While the Japanese consumer is still very vibrant, the falling yen is not translating into a strong enough increase in exports. Read more

XE Market Analysis: Asia - Feb 21, 2014

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Friday, ultimately losing ground to the euro and CAD, while rallying versus the yen and sterling. Buy stops at 1.3720-25 helped propel EUR-USD to highs near 1.3760, while warmer Canadian CPI supported the loonie. Cable ran out of steam over 1.6700, running into good sellers over the figure, before retreating under 1.6625. Read more

Remember That The Long Term USD/CAN Chart is Very Dollar Bullish

By: HaleStewart

Sometimes its important to pull the lens back and take a look at the long-term picture. Starting in mid-2009, the USD/CAN chart started to form a very long rounding bottom formation. The pair broke through upside resistance on this chart at the end of last year. Read more

XE Market Analysis: North America - Feb 21, 2014

By: XE Market Analysis

We saw only mild yen weakness following a 2.8% surge in the Nikkei, a brief sterling wobble following disappointing U.K. retail sales, fresh highs in USD-CAD, but all occurring in pretty quite trade ahead of the G20 meeting. EUR-USD flat-lined in the low 1.37s. Read more

XE Market Analysis: Europe - Feb 21, 2014

By: XE Market Analysis

Ranges have been narrow during the Asia session. Mild yen weakness was seen as stock markets recovered poise, particularly the Nikkei, which surged and closed with an impressive 2.9% gain. The BoJ minutes to the January 21-22 showed that members decided that there is a need to emphasize that its QE program is not limited to a two-year timeframe. Read more

XE Market Analysis: Asia - Feb 20, 2014

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Thursday, though the greenback managed to make up some ground versus most of the major currencies. Data was mixed, which included benign CPI, a weak Philly Fed index, and a stronger flash PMI outcome. EUR-USD maintained a 1.3688 to 1.3729 range, though it spent little time on the 1.36 handle. Read more

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