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XE Market Analysis: Asia - Jul 01, 2015

By: XE Market Analysis

The dollar extended gains on firm U.S. data today, especially with the ADP payrolls data portends upside risk at tomorrow's employment report. EUR-USD fell to a new two-day low at 1.1058, and USD-CAD to a 10-week high at 1.2570. USD-JPY clocked a two-day high at 123.14. Read more

The US housing market: midyear review

By: New_Deal_democrat

This is a good time to update my look at housing. While housing leads the rest of the economy, interest rates lead housing. Further, there can be a demographic boost or drag depending on the relative size of the generation entering prime home-buying years, roughly ages 25-35. The order in which the housing market functions is: 1 interest rates turn 2. Read more

XE Market Analysis: North America - Jul 01, 2015

By: XE Market Analysis

The euro popped higher on news that Greek PM Tsipras is prepared to accept bailout conditions, but subsequently gave back most of those gains, leaving EUR-USD near net unchanged in the low 1.11s. The forex market seem more wary than stock markets, as the pan-Europe STOXX 600 equity index was showing a 1.6% gain in the early PM session. Read more

XE Market Analysis: Europe - Jul 01, 2015

By: XE Market Analysis

EUR-USD has come under pressure in early Europe trade, dipping to 1.1122, though still shy of the 1.1112 low seen yesterday. Greece defaulted on its IMF repayment and markets will remain on tenterhooks as policymaker wranglings continue. French finance minister Sapin said that the goal is achieve a Greek accord before Sunday's referendum "if possible," but most won't believe it until they see it. Read more

XE Market Analysis: Asia - Jun 30, 2015

By: XE Market Analysis

The dollar perked up on encouraging U.S. data, including chain store sales, Case Shiller home prices and consumer confidence, which collectively offset a disappointing Chicago PMI. USD-CAD found added support from an unexpected 0.1% dip in Canadian April GDP. Read more

XE Market Analysis: North America - Jun 30, 2015

By: XE Market Analysis

EUR-USD found a footing under 1.1150 after a fleeting foray below here earlier. The euro is now settled around 1.1160, still well off yesterday's New York closing bid level at 1.1235. A bout of EUR-JPY selling had earlier weighed on EUR-USD. There remains a lack of commitment in the euro market as participants wait for what looks set to be the finale of the Greek saga with regard to its membership of the euro. Read more

XE Market Analysis: Europe - Jun 30, 2015

By: XE Market Analysis

The main currencies have been relatively subdued so far today after yesterday's sharp volatility. Focus remains on the South West corner of the Eurozone, with the Greece's repayment to the IMF, due by 22 GMT, not likely to be made (Germany's Schaeuble reportedly confirmed that Athens has announced this). Read more

XE Market Analysis: Asia - Jun 29, 2015

By: XE Market Analysis

The euro rose in thin post-Europe trade despite today having been a tumultuous one in European equity and bond markets. The Stoxx Europe 600 closed 2.7% for the worse, the biggest daily loss this year. The Greek two-year yield rose to 34.4% after a 14 percentage points gain today, while the 10-year yield climbed above 15% for the first time since 2012. Read more

International Economic Preview For the Week of June 30-July 3

By: HaleStewart

Tuesday EU Inflation: after printing negative numbers for five months, this indicator was a positive .3 in its last reading.  With oil still weak, it’s doubtful we’ll see a major move higher. Read more

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