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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XE Market Analysis: Asia – Apr 10, 2015
The dollar was mixed in N.Y. trade on Friday, though EUR-USD traded to new three-week lows under 1.0570, before recovering some on short covering interest. USD-JPY opened on highs over 120.45, though made its way under 120.10 in subsequent dealings, be…
International Economic Week in Review: Increasing Caution, Edition
The divergent paths of various central banks continues dominating news reporting and analysis. Analysts still expect the US to raise rates first, although the latest employment numbers and still low inflation rate gives the Fed ample maneuvering room. While the UK’s economic situation is very similar to the US’, the BOE is instead firmly committed to a neutral stance. In contrast is the EU, which is just beginning their QE experiment.
XE Market Analysis: North America – Apr 10, 2015
EUR-USD extended south to a new three-week lows under 1.0600, leaving a low at 1.0589 before finding some buoyancy. The move coincided with a fresh advance in the dollar’s yield advantage to above 180 bp in the 10-year T-note versus Bund comparison, up…
XE Market Analysis: Europe – Apr 10, 2015
EUR-USD settled to the upper 1.06s after diving to a three-week low of 1.0638 yesterday. The move was concomitant with a spike in the dollar’s yield advantage to the 179 bp area in the 10-year T-note versus Bund comparison, up from levels nearer 170 b…
Chicago Agriculture Commodities Finished Lower
Chicago Agriculture Commodities Finished Lower Wheat futures on the Chicago Board of Trade (CBOT) fell Thursday on technical selling and poor export demand for US supplies, coupled with forecasts for welcome rains in the Plains. The biggest declines we…
XE Market Analysis: Asia – Apr 09, 2015
The dollar firmed up through the N.Y. session on Thursday, paced by EUR-USD losses. After opening over 1.0775, EUR-USD fell steadily through the session, basing at 1.0644. The theme has generally been one of divergent central banks following the FOMC m…