Foreign Exchange Insights and Next Week
Next Week
November 4, 2011
G20 leaders are meeting in Cannes, France this weekend. Central bank policy meetings are scheduled during the week in Indonesia, Britain, South Korea, South Africa, Malaysia, and Poland. U.S. clocks will turn back an hour on Sunday to standard time. This move will restore the normal time interval of five hours between London and New […] More
Foreign Exchange Insights and Next Week
Currency Markets on a Knife Edge
November 4, 2011
The dollar and other key currency pairs face substantial two-sided risk as the moment of reckoning nears on a number of critical matters involving the euro debt crisis, the U.S. business cycle, and G20 foreign exchange policy coordination. News headlines will continue to swing the pendulum of risk aversion wildly. The week of October 28 […] More
Deeper Analysis
Europe But Not United States in Recession According to PMI Surveys
November 4, 2011
U.S. economic activity deteriorated last month in both the United States. Each region recorded a lower purchasing managers reading than in September in both manufacturing and service-sector industries. However, growth in the United States remains positive, just slower, whereas recessionary conditions intensified in Europe as attested by a third straight sub-50 reading there in manufacturing […] More
New Overnight Developments Abroad - Daily Update
Watching Cannes Summit and Data Releases
November 4, 2011
Market attention today will be split between several key data releases and the G20 scramble to stop the Greek debt bomb. Investors also continue to react to yesterday’s rate cut by the ECB. Meantime, changes in the dollar are generally modest, with upticks of 0.5% against the Swissie, 0.3% vesus the loonie, and 0.1% against […] More
