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XE Market Analysis: Europe - Aug 17, 2015

By: XE Market Analysis

The dollar continued to firm in the wake of set of mostly-encouraging out of the U.S. on Friday, which put a September Fed hide back in the cross hairs. Asian currencies continued to underperform, particularly the Malaysia ringget, which hit a new 17-year low, though the PBoC set the reference rate for the CNY fractionally firmer than Friday to mark a second consecutive trading day of stabilization following last week's three consecutive daily devaluations. Read more

US Equity and Economic Review For August 10-14

By: HaleStewart

Retail sales increased .6% M/M. But this statistic has shown some weakness over the last year: The best news in the report was the 6.9% Y/Y increase in auto sales. But over the last 12 readings, 6 have either been negative or 0%. And some of the increases have been small, totaling .4% and .5%. Read more

International Economic Week in Review For Aug. 10-14

By: HaleStewart

This weekend was my summer vacation, when I (try) to completely unplug from news, internet and other variety of my daily routine. I was pretty successful at the task, although I did keep up with general events thanks to CNN. With the exception of China’s devaluation, there was little meaningful economic news, making my catch-up column a bit easier. Read more

Weekly Indicators: Yuan an appreciating dollar? edition

By: New_Deal_democrat

Monthly data for July included positive industrial production and retail sales reports, both mainly due to motor vehicles. Consumer sentiment was basically unchanged. Import and export prices both declined, but producer prices rose. June wholesale and business inventory to sales ratio went sideways. Read more

XE Market Analysis: North America - Aug 14, 2015

By: XE Market Analysis

The dollar ebbed in cautious trade during the European morning following a volatile week. The main currency pairings continued to hold well within yesterday's ranges. China permitted the yuan to strengthen mildly for the first time in four days, which boosted Chinese stocks, though most other bourses in Asia saw moderate declines while European equities saw moderate gains. Read more

XE Market Analysis: Europe - Aug 14, 2015

By: XE Market Analysis

Narrow ranges prevailed in cautious trade in Asia today after a volatile week, with all the main currency pairings holding well within yesterday's ranges. EUR-USD held in the mid-1.11s, and USD-JPY in the mid-124s. China permitted the yuan to strengthen mildly for the first time in four days, which generally went down well, boosting Chinese stocks, though most other bourses in the region saw moderate declines. Read more

XE Market Analysis: Asia - Aug 13, 2015

By: XE Market Analysis

The dollar rallied in morning N.Y. trade on Thursday, with sentiment aided by steadier global equity markets and word from China that explained its recent devaluation regimen, with the PBoC saying there was no basis for more yuan depreciation. This said, the Bank did devalue the yuan a further 1.1%. Read more

Why housing isn't back in a bubble

By: New_Deal_democrat

This is the third of three articles about the US housing market. Ex-housing, the US is in deflation currently at -1% YoY. So the only current "inflation risk" that might justify the Fed raising rates is the appreciation in house prices. In my previous two posts, I explained that both housing and apartment demand are supported by increased demographic demand, as the Millennial generation creates about the same affect on single and multi-unit housing as their Boomer parents and grandparents did 50 years ago. Read more

XE Market Analysis: North America - Aug 13, 2015

By: XE Market Analysis

The PBoC devalued the CNY for a third day, but at a decreasingly aggressive pace of 1.1%, comparing to 1.6% yesterday and the initial 1.9% devaluation of Monday. The central bank held a press conference to explain the devaluation -- in contrast to the two previous occasions -- where it argued that it was not going to collapse the currency, and that there was no economic basis for the currency to continue depreciating. Read more

XE Market Analysis: Europe - Aug 13, 2015

By: XE Market Analysis

The PBoC devalued the CNY for a third day, but at a decreasingly aggressive pace of 1.1%, comparing to 1.6% yesterday and the initial 1.9% devaluation of Monday. The central bank held a press conference to explain the devaluation -- in contrast to the two previous occasions -- arguing that there was no economic basis for the currency to continue depreciating, and that it would keep it stable. Read more

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