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XE Market Analysis: Europe - Jul 20, 2015

By: XE Market Analysis

The euro has started the new week under pressure (where it finished off last week), with EUR-USD logging a two-month low at 1.0820 and EUR-JPY a 10-day low at 134.35. The dollar, meanwhile, has remained generally underpinned, logging new cycle highs against gold and the Aussie dollar, though USD-JPY remained in a tight range in the low 124s, holding just below Friday's three-week peak at 124.23. Read more

US Equity and Economic Review For the Week of July 13-17; Earnings Season Begins, 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: recent trends continue edition

By: New_Deal_democrat

Monthly data for June included blockbuster positive housing permits and starts, and positive industrial production and capacity utilization, but negative retail sales. Consumer and producer prices rose more than their recent average, while import and export prices declined. 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 17, 2015

By: XE Market Analysis

With the exception of cable, the dollar was mostly firmer in N.Y. trade on Friday. In-line CPI data, and better housing starts numbers supported the greenback, though overall, trading ranges were relatively narrow. EUR-USD traded from 1.0895 highs at the open, to a low of 1.0842 at the London close, though follow through selling was tempered by Greece uncertainty. Read more

International Economic Week in Review: Kicking the Greek Can Down the Road, 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 17, 2015

By: XE Market Analysis

The dollar remained perky. EUR-USD failed to hold rebound gains above 1.0900 after clocking a 15-week low yesterday at 1.0855, reflecting broader dollar firmness. The May-27 low at 1.0819, which is the lowest level traded since late April, provides a downside focal point. Read more

XE Market Analysis: Europe - Jul 17, 2015

By: XE Market Analysis

The dollar has continued to trade firm against most other currencies and commodities. USD-JPY has logged a fresh three-week high at 124.23, EUR-USD has failed to hold rebound gains above 1.0900 after clocking a 15-week low yesterday at 1.0855, and USD-CAD has made a new six-year peak of 1.2973. Read more

XE Market Analysis: Asia - Jul 16, 2015

By: XE Market Analysis

The dollar steadied at better levels through the N.Y. session on Thursday, though was dented early by a softer Philly Fed index, before turning modestly higher again. Progress on the Greek font, in the form of increased ECB ELA funding to Greek bank, which will allow them to reopen on Monday. Read more

XE Market Analysis: North America - Jul 16, 2015

By: XE Market Analysis

EUR-USD has posted fresh six-week low at 1.0896 amid a bout of euro underperformance, with EUR-PY logging a six-day low of 135.03 and EUR-GBP and extending further into eight-year low territory. In the case of EUR-USD, the latest fall has built on dollar-driven declines seen after yesterday's testimony by Fed Chair Yellen. Read more

XE Market Analysis: Europe - Jul 16, 2015

By: XE Market Analysis

The dollar is generally firmer despite Fed Chair Yellen neither confirming nor denying a September rate hike in her Congressional testimony yesterday. EUR-USD touched a six-week low 1.0911 during the pre-European open session in Asia, since settling around 1.0930. Read more

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