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XE Market Analysis: North America - Jan 06, 2014

By: XE Market Analysis

Dollar majors have been narrowly mixed in early-week trade for the most part, though sterling decline following U.K. data and EUR-JPY managed a three-week low of 141.53. USD-JPY, like EUR-JPY, was decline, but modestly so, and the pair has remained above its Friday low of 104.07. Read more

XE Market Analysis: Europe - Jan 06, 2014

By: XE Market Analysis

The JPY is moderately firmer on the first business in Japan in a week. EUR-JPY made a three-week low of 141.53, while USD-JPY is lowered versus Friday's New York closing level but has remained above its Friday low of 104.07. Most of the other dollar majors have been pretty steady, though sterling has been coming under some early-week pressure, with Cable testing 1.6350 and EUR-GBP nudging above 0.8300, though both have so far remained with their respective Friday ranges. Read more

International Week In Review: All Hail Manufacturing

By: HaleStewart

Last week was another holiday shortened week with very little news released on either Tuesday or Wednesday. By far the biggest news was the monthly Markit manufacturing releases for the EU and the UK. Here is the key information from the EU release: The recovery in the eurozone manufacturing sector accelerated further at the end of 2013. Read more

Weekly Indicators: 2013 ends on a positive note, some evidence of longer term weakening edition

By: New_Deal_democrat

The first news for December was that motor vehicle sales declined, and are only up about 2% YoY. On the other hand, both the Chicago PMI and the ISM manufacturing index, while down slightly from November, were still very strongly positive. Consumer confidence continued its post-government shutdown rebound. Read more

XE Market Analysis: Asia - Jan 03, 2014

By: XE Market Analysis

FX trade was fairly subdued in N.Y. on Friday, with many traders still on holiday. There was no data to drive prices, though the dollar was a bit higher to unchanged versus major currencies. EUR-USD edged into one-month lows of 1.3600, though found good support into the figure. Read more

XE Market Analysis: North America - Jan 03, 2014

By: XE Market Analysis

EUR-USD extended yesterday's loss to a one-month low of 1.3628. The move was driven in part by EUR-JPY during the pre-European Asian session, while USD-JPY dove to a 10-day low of 104.07 amid yen outperformance. Market liquidity rose with the reopening of Hong Kong, Singapore and Zurich, though conditions were still on the thin side. Read more

XE Market Analysis: Europe - Jan 03, 2014

By: XE Market Analysis

A yen rally has been the main theme today in improved liquidity with the Hong Kong and Singapore centres reopening today, though Tokyo remained closed. USD-JPY made a 10-day low of 104.07, down from yesterday's London close of 105.01. EUR-JPY also fell to a 10-day low to 142.09, adding to the euro-driven losses of yesterday from the upper 144s. Read more

XE Market Analysis: Asia - Jan 02, 2014

By: XE Market Analysis

The dollar started the New Year on a stronger footing versus the euro, as EUR-USD backed down to 1.3630 from Asian highs over 1.3770. USD-JPY held its own early on, though eventually gave back the 105.00 handle. Weak longs were pushed out of positions on the move under 105.25. Read more

Monthly Pound/Dollar Chart Shows Strong Upside Resistance

By: HaleStewart

Above is a monthly chart of the GPD/USD. It shows two basic trends, the first of which is a massive sell-off that occurred as a result of the Great Recession. The pair dropped from 2.00 to around 1.40. Since then, the pair has traded in a range of approximately 1.50-1.65 (with a brief dip below that 1.50 level in early 2009). Read more

XE Market Analysis: North America - Jan 02, 2014

By: XE Market Analysis

The dollar firmed during the European AM session. USD-JPY edged out a new five-year peak of 105.44, which is three pips above last week's high, while EUR-USD dipped under 1.3700, making a low of 1.3684. GBP-USD dropped over 70 pips from a fresh two-year high of 1.6603. Read more

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