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XE Market Analysis: Europe - Jul 13, 2015

By: XE Market Analysis

The euro is trading steadily in the mid-1.11s against the dollar after recovering from an early Asia-Pacific dive to 1.1094, which was the initial reaction to news that a deal between Greece and its creditors has still not been reached. The EU Summit is still dealing with "final consultations." The main sticking points are IMF involvement and an asset fund to be tasked with the privatisation of Greek assets. Read more

US Equity and Economic Review For the Week of July 6-10: The Fed Speaks, 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: commodity decline in the spotlight edition

By: New_Deal_democrat

Monthly data for June was sparse, consisting of an increased positive ISM services report. Monthly data for May included an inventory to sales ratio flat at an elevated rate, and the JOLTS report, showing a slight increase in job openings, and slight decreases in hires and quits. Read more

XE Market Analysis: Asia - Jul 10, 2015

By: XE Market Analysis

The dollar firmed up from softer opening levels, bringing EUR-USD down from pre-open highs of 1.1216 to an afternoon low of 1.1120. There was no progress reported on the Greece crisis at the N.Y. close, and we suspect more drama will be seen in the coming days. Read more

International Economic Week in Review for July 6-10; It's all Greek to Me, 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 10, 2015

By: XE Market Analysis

The euro rallied across-the-board on news that Greece's latest reform proposals include concessions that seem likely to satisfy creditors. EUR-USD clocked a fresh 10-day high at 1.1180 and EUR-JPY a one-week peak at 136.78 after a near three big figure gain. Read more

XE Market Analysis: Europe - Jul 10, 2015

By: XE Market Analysis

The euro is trading higher as markets react to news that Greece's proposals include concessions that seem likely to satisfy creditors. EUR-USD ran to a 10-day high of 1.1134, bringing into scope the 50-day moving average at 1.1177, and the 20-day average at 1.1180. Read more

XE Market Analysis: Asia - Jul 09, 2015

By: XE Market Analysis

The dollar firmed up in N.Y. trade on Thursday, aided by higher Treasury yields, and a rebound in risk taking levels. EUR-USD idled between 1.1020 and 1.1070 through most of the session, as the market remained near the sidelines ahead of the imminent Greece deadline, though briefly dipped under 11000 into the close. Read more

Corporate profits as a leading indictor for quarterly stock averages: midyear 2015 update

By: New_Deal_democrat

This is an update as to a relationship I have written about several times in the past year. See, e.g., http://community.xe.com/blog/xe-market-analysis/corporate-profits-leading-indicator-stocks-january-2015-update The relationship is straightforward: if corporate profits are a long leading indicator for the economy, and stock prices are a short leading indicator, then logically corporate profits should lead stock prices at least in terms of direction, if not necessarily in terms of volatility. Read more

XE Market Analysis: North America - Jul 09, 2015

By: XE Market Analysis

The euro is lower across-the-board, with EUR-USD presently at its lows at 1.1025 bid, which is a big figure down from the day's high and below the current level of the 100-day moving average at 1.1030. EUR-JPY and other euro crosses are down by a similar magnitude. Read more

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