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US Equity and Economic Review: Weaker Breadth Indicators, 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: almost all coincident indicators turn soft or negative edition

By: New_Deal_democrat

In the rear view mirror, Q2 GDP was reported at +2.3%, in line with expectations. Median wages and benefits just barely increased. Monthly data for July started out with the best Chicago PMI reading in 6 months. Monthly data for June included positive durable goods, positive house prices, but negative pending home sales. Read more

XE Market Analysis: Asia - Jul 31, 2015

By: XE Market Analysis

The dollar fell rather sharply following weaker than expected Q2 ECI data, though later managed to recover some ground on the back of an improved Chicago PMI, and pre-weekend short covering. EUR-USD started the session near 1.0960, and made its way to 1.1114 highs by mid-morning. Read more

International Economic Week in Review: Emerging Market Exodus, 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 31, 2015

By: XE Market Analysis

The euro was bid following a rise in Eurozone core CPI. EUR-USD logged new intraday highs above 1.0980, driven in part by a strong bid in EUR-JPY, which gained some 80 pips since the London market open. The euro's bid was sparked by a jump in core Eurozone CPI to 1.0% y/y in July data, up from 0.8% y/y, which offset a benign headline HICP rate of 0.2% and an unexpected dip in German retail sales. Read more

XE Market Analysis: Europe - Jul 31, 2015

By: XE Market Analysis

The dollar has traded moderately softer, though the main pairings have remained well within the respective ranges of yesterday. EUR-USD lifted to a high of 1.0962, and USD-JPY dipped to a low of 123.90. An unexpected dip in German retail sales, which dove 2.3 % in June versus the Reuters median for 0.3% growth, helped put a cap on the euro. Read more

XE Market Analysis: Asia - Jul 30, 2015

By: XE Market Analysis

The dollar posted gains in N.Y. trade on Thursday, aided by a minor Q2 GDP miss, and an upwardly revised Q1 outcome. Weekly jobless claims meanwhile, were a touch lower than forecasts. The mix of data was good enough to keep a September rate hike on the table, which benefited the greenback. Read more

XE Market Analysis: North America - Jul 30, 2015

By: XE Market Analysis

EUR-USD extended post-FOMC declines, logging a new low for the week at 1.0942 in Europe. USD-JPY rallied to a fresh nine-day peak at 124.33. EUR-JPY also rebounded from a three-day low as the yen underperformed amid a backdrop of mostly firmer global stock markets as the Fed left the door to a September rate hike open without spooking equity investors. Read more

XE Market Analysis: Europe - Jul 30, 2015

By: XE Market Analysis

The dollar has traded firmer in the wake of the FOMC statement, which was near expectations in indicating continued moderate growth in the economy and "solid" gains in jobs, so keeping September in play for rate lift-off without spooking equity markets. Read more

XE Market Analysis: Asia - Jul 29, 2015

By: XE Market Analysis

The dollar fell, rallied, then settled in to nearly unchanged after the FOMC announcement, where there were no surprises, and no hints dropped as to when rates might be raised. Ahead of the Fed, the FX market was relatively quiet, with only USD-CAD moving significantly after oil prices jacked up to one-week highs following a fall in U.S. Read more

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