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July 2013
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Archive for July 15th, 2013

US June Retail Sales Rise Less than Expected

Retail sales in June 2013 rose 0.4% in the month, which represented a slight slowing from the 0.5% gain in May, and that was revised downward slightly from a previously estimated gain of 0.6%. Expectations going into the report had been for a much stronger 0.8% gain in the month.

Euro Pointing Downward as Fed Fallout Fades

The euro remains under pressure as we greet another trading week. In Monday's European session, EUR/USD is trading quietly in the 1.3030 range. The euro posted sharp gains on Wednesday, but has since lost some ground after the Federal Reserve cooled off expectations that it was poised to scale back

European Market Update

The USD began the week slightly firmer despite risk sentiment finding some relief from China's Q2 GDP reading which came in at 7.5% y/y and in line with expectations). The greenback seemed to benefit from a lot of Eurozone uncertainty but well contained within the 1.28-1.32 range exhibited late last

Euro Extends Losses, Aussie Edges Up As China GDP Meets Forecasts

Euro extended losses into the European session Monday, after falling in the previous session as ratings agency Fitch downgraded France from its triple-A rating, citing growing government debt levels and weak outlook for economic growth.

USD Recovers, EUR Slides

The week started with mixed sentiment on slowing Chinese growth in the second quarter. Released in Beijing by National Bureau of Statistics, the Chinese growth retreated from 7.7% to 7.5% in Q2. Despite the slower growth, the markets took a breath as the expectations were clearly worse than 7.5% announced

Morning Forex Fundamental

A bunch of important economic events from Europe came during the last week, including another tranche for Greece, joining of one more European country to the Eurozone, while the credit rating of Europe's third largest economy was revised down. In the beginning of the week, the international creditors will offer
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