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XE Market Analysis: Asia - Jul 27, 2015

By: XE Market Analysis

FX trade was relatively subdued to start the N.Y. week, though the dollar overall maintained a softer footing throughout the session. Risk-off conditions kept pressure on the greenback, versus the yen and euro in particular. EUR-USD peaked at 1.1129 into the London close, as USD-JPY found support just above 123.00. Read more

International Preview For the Week of July 27-31

By: HaleStewart

While all eyes will be on the Fed’s announcement later this week, keep your eye on Brazil, which releases its policy statement on the same day. CPI increased from 6.5% in July of last year to 8.89% in its latest reading. The central bank has raised rates 175 basis points since September in an attempt to stave off the increase. Read more

XE Market Analysis: North America - Jul 27, 2015

By: XE Market Analysis

The dollar traded generally weaker, and the euro outperformed as more Grexit risk premium was unwound and the July German Ifo survey beat expectations. The yen, meanwhile, was generally firmer (outside the case against the euro) amid a China-driven stock market declines in Asia and Europe. Read more

XE Market Analysis: Europe - Jul 27, 2015

By: XE Market Analysis

The euro has traded firmly in early week trade, while the dollar underperformed. EUR-USD rose to a two-week high of 1.1034 and EUR-JPY lifted above 134.00, despite a decline in USD-JPY. Elsewhere, the euro posted a seven-month high against the Aussie dollar. Read more

US Equity and Economic Review: Transports Still Concerning, 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: coomidity collapse continues edition

By: New_Deal_democrat

Monthly data for June included the Index of Leading Indicators, up based in large part on housing permits, and forecasting further growth at least through the end of this year. Existing home sales made a new post-recession high. New home sales, which are quite noisy and significantly revised, made a new 7 month low. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy. Read more

XE Market Analysis: Asia - Jul 24, 2015

By: XE Market Analysis

Another risk-off session saw the dollar under pressure again in N.Y. trade on Friday, as better flash PMI data was more than offset by a big miss in new home sales. Wall Street fell sharply a the global growth outlook soured again following weak China and EU PMIs, as yields eased, and commodities continued their near-meltdown, taking oil to the $47 handle, and gold to new five year lows. Read more

International Economic Week in Review: IMF Lowers Growth Projections, 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 24, 2015

By: XE Market Analysis

The euro traded softer in the wake of Eurozone PMI misses. EUR-USD dipped to an intraday low at 1.0931, subsequently recouping to the 1.0950 area but remaining well off yesterday's nine-day high at 1.1018. EUR-JPY and other euro crosses also declined. Read more

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