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XE Market Analysis: Asia - Jul 15, 2015

By: XE Market Analysis

The dollar rallied broadly in N.Y. trade on Wednesday, with price action driven by better incoming U.S. data, and testimony from Fed chair Yellen, who left the door open for a 2015 rate hike. PPI data was hotter than forecast, while the Empire State index, and industrial production beat estimates as well. Read more

XE Market Analysis: North America - Jul 15, 2015

By: XE Market Analysis

EUR-USD traded moderately firmer as the Greek parliamentary vote on the reform deal is awaited. This, along with Fed Chair Yellen's testimony, presents EUR-USD with both upside and downside risks. China stocks traded lower for a second day after a several-day recovery hiatus, though Japanese equities and other markets in Asia still managed to gain. Read more

XE Market Analysis: Europe - Jul 15, 2015

By: XE Market Analysis

Narrow ranges prevailed during pre-Europe trade in Asia among the main currencies. China stocks traded lower for a second day after a several-day recovery hiatus, though Japanese equities and other markets in Asia still managed to gain. Chinese data were solid, with Q2 GDP coming in at +7.0% y/y, above the 6.8% expected, which is seen reflective of stimulus measures. Read more

XE Market Analysis: Asia - Jul 14, 2015

By: XE Market Analysis

After losing ground following soft retail sales data, the dollar firmed up modestly through the N.Y. session on Tuesday. Wall Street was able to rally once again, as yields remained relatively lofty, both supportive of the greenback. EUR-USD toyed with the 1.1000 level, easing from near 1.1085, as Greece concerns remained. Read more

XE Market Analysis: North America - Jul 14, 2015

By: XE Market Analysis

The euro rebounded during the European AM session after the currency posted fresh lows against the dollar and yen during the Asian session. EUR-USD restored itself back in the low-to-mid-1.10s after seeing a one-week low at 1.1054. Markets are waiting on Greece's parliamentary vote on the bailout deal and the testimony of Fed Chair Yellen, both of which are tomorrow. Read more

XE Market Analysis: Europe - Jul 14, 2015

By: XE Market Analysis

EUR-USD dipped to a one-week low at 1.0955 partly on euro softness and partly on dollar firmness. EUR-JPY fell to a two-day low of 135.28, while EUR-GBP managed to hold above yesterday's low at 0.7087. Markets are waiting on Greece's parliamentary vote on the bailout deal tomorrow, which will be difficult for Tsipras to get through. Read more

XE Market Analysis: Asia - Jul 13, 2015

By: XE Market Analysis

The dollar was mostly higher in N.Y. trade on Monday, rallying versus the euro despite the Greek/EU "agreement", up against the CAD into Wednesday's BoC meeting, up against sterling, while USD-JPY was range bound at near two-week highs. There was no data to drive prices, though the unwinding of risk aversion supported the greenback, as yields and Wall Street moved higher. Read more

JOLTS, temps, initial jobless claims point to post mid-cycle jobs slowdown

By: New_Deal_democrat

Bill McBride a/k/a Calculated Risk (and also The Nicest Guy in the Econoblogosphere) and I, have different takes on the latest several JOLTS reports. Bill thinks http://www.calculatedriskblog.com/2015/07/bls-jobs-openings-increased-to-54.html that the soaring job openings make for a "solid report," while I am concerned that hires are stalling - just as hires stalled while job openings continued to increase in 2006-07. In the broader sense, it looks to me like hiring is beginning to slow down - something that it tends to do somewhere after the midpoint of an expansion. Read more

International Economic Preview For the Week of July 13-17

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 13, 2015

By: XE Market Analysis

The euro failed to sustain gains on the Greek deal news, with EUR-USD having tumbled sharply to a 1.1054 low after peaking at 1.1197 following a 50-pip plus rally. EUR-JPY, EUR-GBP and other euro crosses saw a similar price action, though to a lesser magnitude as the dollar itself has been picked up amid a market narrative that investors can now start looking beyond the Greek crisis and to prospects of a U.S. Read more

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