Foreign Exchange Insights and Next Week
Next Week
August 27, 2009
The last week of summer begins with a Japanese election on Sunday and a British banking holiday on Monday and ends with any early Treasury market closing on Friday ahead of the U.S. Labor Day Weekend. Central bank interest rate policy meetings are scheduled in Australia, Sweden, Indonesia, Euroland, and Brazil, but no changes are […] More
Bonds and Stocks
U.S. Economic Performance Under Different Fed Chairmen
August 27, 2009
There have been only six chairmen of the Federal Reserve System since April 1951. William McChesney Martin was appointed by Truman and served from April 2, 1951 until January 31, 1970 while at starting age of 44 and an ending age of 63. His father had been a central banker, but Martin’s prior experience had […] More
U.S. GDP Growth and Unemployment Insurance Claims
August 27, 2009
U.S. GDP growth last quarter was not revised downward despite a deeper inventory run-off because of offsetting upward revisions to real private domestic demand. A return positive growth in 3Q09 of more than 2.0% remains on track, which is the good news. A long term view of growth is less promising: the trend is toward […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Weak Euroland Money and Credit Growth Data
August 27, 2009
Sterling is weaker, slipping 0.3% against the dollar and more against other currencies. The dollar is down 0.6% against the yen, 0.4% versus the Aussie dollar, and 0.1% relative to the euro and Swiss franc. The kiwi and Canadian dollars are unchanged against their U.S. counterpart. Stocks in the Pacific Rim closed mostly lower on […] More
