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Poor PMI Weighs on Euro Ahead of ECB

July 24, 2019
Overview:  Disappointing flash PMI pushed an already offered euro lower ahead of tomorrow's ECB meeting. European bonds rallied and equities, amid a rash of earnings, is trying to extend the advance for a fourth consecutive session.  Italian and Spanish 10-year benchmark yields are off four-six basis points, while core bond yields are off two-…
Poor PMI Weighs on Euro Ahead of ECB Poor PMI Weighs on Euro Ahead of ECB Reviewed by Marc Chandler on July 24, 2019 Rating: 5
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Debt Deal Help Lifts the Dollar

July 23, 2019
Overview: The gains in US equities and the apparent US budget agreement has underpinned equities today and the US dollar.  Asia Pacific equities recouped yesterday's losses, and Europe's Dow Jones Stoxx is posting gains for the third consecutive session, helped by some earning beats, to probe two-week highs.  US shares are firmer.  Benchma…
Debt Deal Help Lifts the Dollar Debt Deal Help Lifts the Dollar Reviewed by Marc Chandler on July 23, 2019 Rating: 5
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Greenback is Mostly Firmer to Start New Week, while the Euro is Pinned near $1.12 Greenback is Mostly Firmer to Start New Week, while the Euro is Pinned near $1.12 Reviewed by Marc Chandler on July 22, 2019 Rating: 5
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Greenback Momentum may Carry Over While S&P 500 Looks Heavy

July 21, 2019
The US dollar rose against most of the major currencies last week, with the Australian and New Zealand dollars were the main exceptions.  The greenback was whipsawed over the last two sessions. First, it sold off hard when the market confused the case of a preemptive move with a larger cut. Then it rebounded as the investors' views were correc…
Greenback Momentum may Carry Over While S&P 500 Looks Heavy Greenback Momentum may Carry Over While S&P 500 Looks Heavy Reviewed by Marc Chandler on July 21, 2019 Rating: 5
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Highlights in the Week Ahead

July 20, 2019
Three events that will capture the market's attention next week:  The consequences of the Japanese election, the first look at US Q1 GDP, and the ECB meeting.  The central banks of Turkey and Russia also meet. Both are expected to cut interest rates, following rate cuts in the middle of last week by South Korea, Indonesia, and South Africa.  
J…
Highlights in the Week Ahead Highlights in the Week Ahead Reviewed by Marc Chandler on July 20, 2019 Rating: 5
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