THE TAKEAWAY: AUD Building Approvals decline far worse than expected at -13.0% y/y > German July CPI comes in slightly above expectations at +1.9% y/y > US Consumer Confidence misses expectations, coming in at 80.3 Today is the beginning of an Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10790.32 10802.22 10737.33 0.50 87.39% Chart - Created Using FXCM Marketscope 2.0 Release Expected Actual S&P/Case-Shiller Composite-20 s.a. (MoM) (MAY) 1.40% 1.05% S&P/Case-Shiller Composite-20 (YoY) (MAY) 12.40% 12.17% S&P/Case-Shiller Home Price Index (MAY) -- 156.14 Consumer Confidence (JUL) 81.3 80.3 Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) appears to have broken Read More →

Crude oil and gold prices may find a lifeline if US Consumer Confidence data falls short of expectations, undercutting the case for “tapering” Fed QE efforts. Talking Points Commodities to Rise if Soft US Data Dents Case for Tapering Fed QE Crude Oil Read More →

EURO-ZONE ECONOMIC CALENDAR The Spanish GDP (2Q A) report kicked off the day on a positive note, with the yearly figure beating expectations by one-tenth of a percent but the Euro has only seen a mild reaction thus far. Nevertheless, given the Read More →

The Australian Dollar sank after June’s Building Approvals report fell short of expectations, boosting bets on an RBA interest rate cut at Augusts’ meeting. Talking Points Australian Dollar Sinks as Building Permits Miss Drives RBA Rate Cut Bets Euro May Weaken as German Read More →

Dollar Rebound Lacks Strength, Dow Showing Extreme Breakout Risk Euro: Will Spain 2Q GDP Leverage Volatility Ahead of ECB Decision? British Pound Adrift as Market Awaits BoE Decision Japanese Yen Crosses Following Nikkei 225 Plummet Australian Dollar to Weigh in on RBA Governor Steven’s Read More →