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Portugal Weighs on Euro

July 02, 2013
A political crisis in Portugal threatens to steal the region's lightening rod from Greece which has a few days to meet the latest the terms of the next aid tranche. 
This was seized upon by the euro bears who appeared to need the added incentive to push the euro convincingly through the $1.30 level.  In early North American activity, the mark…
Portugal Weighs on Euro Portugal Weighs on Euro Reviewed by Marc Chandler on July 02, 2013 Rating: 5
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Short-Term Trade Ideas: Two for Tuesday

July 02, 2013
Here are two short-term trading strategies that draw their inspiration on technical factors.     
The first one is selling the euro against sterling. For something like the tenth time since May 22, the euro has tested resistance near GBP0.8600. This has given the area technical significance. Stops can be placed tightly above there. On the dow…
Short-Term Trade Ideas: Two for Tuesday Short-Term Trade Ideas: Two for Tuesday Reviewed by Marc Chandler on July 02, 2013 Rating: 5
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Cool Video: Daily Show Clip on US and Canadian Banking System Cool Video: Daily Show Clip on US and Canadian Banking System Reviewed by Marc Chandler on July 02, 2013 Rating: 5
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Dollar Firm,but may not Go Anywhere Today

July 02, 2013
The US dollar is trading on the firm side of its recent ranges, but intra-day technicals warn against looking for much follow through in the North American session today. The week's key events still lie ahead and the risk of some disappointment with the jobs data at the end of the week may discourage the dollar bulls from getting too aggress…
Dollar Firm,but may not Go Anywhere Today Dollar Firm,but may not Go Anywhere Today Reviewed by Marc Chandler on July 02, 2013 Rating: 5
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Great Graphic: Italy's Surprise

July 01, 2013
This Great Graphic depicts the manufacturing PMI for Germany (white), Italy (yellow) and France (green), which are the three largest economic in the euro area.  The chart was made on Bloomberg.  
Not one in a hundred observers would have guessed that the June manufacturing PMI was higher for Italy than Germany and France.  Germany in fact is flat…
Great Graphic: Italy's Surprise Great Graphic: Italy's Surprise Reviewed by Marc Chandler on July 01, 2013 Rating: 5
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EM Preview for the Week Ahead: Policy and Data

July 01, 2013
(from my colleagues Dr. Win Thin and Ilan Solot)
Brazil reports industrial production figures on Tuesday, services PMI on Wednesday and IPCA inflation on Friday. IPCA is seen rising to 6.8% y/y from 6.5% y/y in May and so still-high inflation and a softer real have markets looking for a 75 bp hike at its July 9/10 meeting. Swaps interventi…
EM Preview for the Week Ahead: Policy and Data EM Preview for the Week Ahead: Policy and Data Reviewed by Marc Chandler on July 01, 2013 Rating: 5
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Great Graphic: Ecommerce Expected to Expand by 17% in 2013

July 01, 2013
This Great Graphic on ecommerce was posted on Mashable and was taken from eMarketer.com. It projects internet-based sales will reach $1.2 trillion this year.  
Sales in the Asian-Pacific region is expected to rise by nearly 25% to $390 bln.  The penetration of cell phones helps facilitate this.   
Currently, internet-based sales in North America …
Great Graphic: Ecommerce Expected to Expand by 17% in 2013 Great Graphic: Ecommerce Expected to Expand by 17% in 2013 Reviewed by Marc Chandler on July 01, 2013 Rating: 5
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