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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

XE Market Analysis: Asia - Jul 03, 2015

By: XE Market Analysis

EUR-USD closed out in London on Friday near net unchanged on the day after oscillating around 1.1100 throughout the day. Without U.S. market, that effectively made it the close for the week. EUR-JPY was about 30 pips net lower on the day after moderate yen outperformance. Read more

International Economic Week in Review For June 29-July 30; Greece and Canada Creating Problems, 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

XE Market Analysis: North America - Jul 03, 2015

By: XE Market Analysis

GBP outperformed after a strong UK services PMI outcome while the AUD underperformed after a miss in Australian retail sales data, along with weak iron ore prices and a continued stock market rout in China. Trade in most other currencies was otherwise pretty muted ahead of Greece's referendum, and with U.S. Read more

XE Market Analysis: Europe - Jul 03, 2015

By: XE Market Analysis

The AUD dove on weak data , with Australian May retail sales coming in at +0.3% m/m, below the expected +0.5%, and with China services PMI missing forecasts and Chinese stock market suffering another day of steep losses. This backdrop drove AUD-USD to a low of 0.7567, the lowest since Apr-2, when a 0.7533 low was seen. Read more

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