Archive for July 29th, 2011

Foreign Exchange Insights and Next Week

Next Week

July 29, 2011

The main events next week will be The House of Representatives debt ceiling deadline on Tuesday. Scheduled central bank meetings in Australia, Japan, the Czech Republic, Romania, the U.K. and the euro area. The release of many purchasing manager surveys covering manufacturing, construction and service-sector activity. The gauntlet of U.S. labor market data: the ADP […] More

Foreign Exchange Insights and Next Week

Debt Problems and the Currencies

July 29, 2011

Currency markets have always spent a lot of time waiting for things to happen.  Like a dog with a bone, markets focus on little else until potential game-changing events move from the future into the past, and then they search for a new obsession.  The results at times are less important than removal of a […] More

New Overnight Developments Abroad - Daily Update

Fire and Rain: Data Deluge and Debt Frustration

July 29, 2011

Still lacking enough votes to pass, the U.S. House of Representatives postponed Thursday’s debt ceiling vote. Moody’s placed Spain’s Aa2 sovereign debt rating on review for a possible downgrade. The dollar is higher, not lower, on generalized risk aversion.  It has advanced 0.7% against the euro, 0.6% versus the Aussie dollar, and 0.5% against the […] More

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