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XE Market Analysis: Asia - Jul 07, 2015

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Tuesday, though nerves were on edge amidst the ongoing Greek drama, and fears over a China meltdown. There were no new proposals from Greece, and EU finance minister and EU leader meetings offered little in the way of hope, with the term "Grexit" being used openly at the EU level this week for the first time. Read more

XE Market Analysis: North America - Jul 07, 2015

By: XE Market Analysis

EUR-USD dove below 1.1000, registering a low at 1.0958 at the time of writing, and the euro posted losses against the yen and some other currencies amid market anxiety about the fate of Greece. It's become clear that unless Greece makes compromises, a Grexit is realistic, and given the fresh 'no' to austerity vote PM Tsipras would not seem to have mandate to bend to creditors. Read more

XE Market Analysis: Europe - Jul 07, 2015

By: XE Market Analysis

Narrow ranges prevailed among the dollar majors. EUR-USD posted a 1.1025-58 range as the market remains noncommittal and on tenterhooks as the fate of Greece is awaited. It's become clear that unless Greece makes compromises, a Grexit is realistic, and given the fresh 'no' to austerity vote PM Tsipras would not seem to have mandate to bend to creditors. Read more

XE Market Analysis: Asia - Jul 06, 2015

By: XE Market Analysis

After posting gains overnight, the dollar ran out of steam in N.Y. trade on Monday. EUR-USD was sold into the 1.1000 level in early dealings, though found support ahead of the figure, before rebounding over 1.1090. The Greece mess remains in place, with confusion reigning for the most part. Read more

XE Market Analysis: North America - Jul 06, 2015

By: XE Market Analysis

The euro rebounded most of the losses seen in early Asia-Pacific trade as markets reacted to Greece's 'no' to austerity vote at the weekend. EUR-USD rebounded to the mid-1.10s after hitting a 1.0970 low, which left last Monday's trough at 1.0951 untroubled. Read more

XE Market Analysis: Europe - Jul 06, 2015

By: XE Market Analysis

The euro should remain biased lower as 'Greuncertainty' flares up in the wake of the 'no' vote over the weekend, which raises the odds of Grexit. Immediate focus will be on the ECB and what it decides to do with regard its ELA lifeline to Greek banks. Read more

International Economic Preview For the Week of July 6-10; Greece and China Causing Concern, Edition

By: HaleStewart

There are two events looming large over the markets next week. Let’s start with Greece. I’ve already added my 2 cents to this discussion when I made this observation: Earlier this week, I noted that Greece just doesn’t have much left to cut; depending on your measurement, Greek GDP has contracted by at least 25%, unemployment is over 25% and the debt/gdp ratio has increased, indicating this great austerity experiment hasn’t accomplished its primary goal. Read more

US Equity and Economic Review For the Week of June 29-July3; Some Weakness Technical Emerging, Edition

By: HaleStewart

Hale Stewart is a former bond broker who has been writing about economics and financial markets since 2006 on the Bonddad Blog. He is also a tax attorney with a domestic and international practice while also forming and managing captive insurance companies for US companies. Read more

Weekly Indicators: hiring leads firing, and hiring has weakened edition

By: New_Deal_democrat

Monthly data for June started out with another solid jobs report, but wage growth remains stagnant. The ISM manufacturing report was positive, and motor vehicles once again reached the annualized 17 million plateau. Consumer confidence increased. On the other hand, the Chicago PMI showed slight contraction. Read more

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