XE Market Analysis: Europe – Apr 14, 2015
EUR-USD has remained above yesterday’s four-week low at 1.0520, but the euro has been pressed to new lows against the yen and sterling, among other currencies. EUR-JPY clocked a near two-year low at 126.21, bringing the cumulative losses of the cross …
LME Base Metals Finished Mixed Monday
LME Base Metals Finished Mixed Monday A rise in Chinese imports helped boost LME Copper prices Monday, but demand concerns capped gainers ahead of Key economic data from China, the world’s largest consumer of industrial metals. 3-month Copper on the London Metal Exchange (LME) was trading + 0.2% at 6,048 tonne by 0924 GMT against […]
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XE Market Analysis: Asia – Apr 13, 2015
The dollar started the N.Y. Monday session at its best levels, though from there, it was mostly downhill. EUR-USD based at 1.0521 early, later making its way to 1.0611. Short covering was the main rationale behind the move, though rumbling about a Gree…
Hilary and the Dollar
Just as there had been questions surrounding whether or not Hilary Clinton would be running for President, the period of consolidation in the greenback over the course of March and early April had many wondering whether the USD bull market had run its course. While it has been confirmed that Hilary is indeed running for [&hellip
XE Market Analysis: North America – Apr 13, 2015
The dollar put in another bout of outperformance, with EUR-USD logging four-week lows under 1.0530, USD-JPY pushing to three-week high territory above 120.80, Cable making new major-trend lows under 1.4570, and AUD-USD ebbing to 11-day lows, drawing cl…
Forex Technical Analysis: US Dollar (.DXY) Index
Forex Technical Analysis: US Dollar (.DXY) Index USD prices broke a 5 wk range to extend to the highest mark in over 6 years. A daily close above the 23.6% Fibo expansion at 11965 exposes the 38.2% mark at 12107. On the other hand, should the US Dollar…
XE Market Analysis: Europe – Apr 13, 2015
EUR-USD has found some buoyancy after sinking from a 1.1035 peak last Monday to a 1.0567 low on Friday, which was a big move. Resistance is marked at 1.0683 and 1.0700, and the 20-day moving average is at 1.0806. USD-JPY recouped most of Friday’s los…
US Equity Market Review For April 6-10; Are We Doomed to Weaker Growth, Edition
This recovery continues to confound analysts. Time and again it seems some extraneous episode negatively impacts GDP growth right as the economy is about to take off. The Washington shutdown was the first such shock, followed by consecutive years of exceedingly harsh winter weather. The strong dollar and weaker overseas economies are contributing to the current 1Q15 malaise. And underlying all these one-off situations is the fundamentally different nature of this recovery. Instead of a slowdown caused by the Federal Reserve raising i
Weekly Indicators: a tale of two economies edition
Monthly reports for March was sparse this week, but included job openings up sharply, while hires were flat. Wholesale sales declined slightly, while inventories increased slightly. Consumer credit increased. Export prices rose. Import prices continued to fall.
US Dollar Up, US Treasuries Flat
US Dollar Up, US Treasuries Flat US Dollar (.DXY) rose for the 5th session running .DXY rose 0.28% to 99.44 on weaker European economic data EUR/USD fell 0.690% to 1.0588 French industrial production beat expectations, remaining unchanged m/m in February Vs expectations for a decline of 0.1% and a 0.3% gain in January Spanish industrial production […]
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