Foreign Exchange Insights and Next Week
Next Week
February 3, 2012
The weekend of February 4-5 marks the astronomical midpoint of winter in the northern hemisphere. Despite unseasonably mild temperatures in the populated areas of Europe and North America, WTI crude oil prices averaged exactly $100 in the first half of the season. Central bank meetings are scheduled this week in Euroland, Britain, Iceland and Australia. […] More
Foreign Exchange Insights and Next Week
Surprises for Currency Traders to Consider
February 3, 2012
2012 hasn’t played out quite as expected. First, the euro debt crisis has been less intense than in late 2011 in response to s big infusion of three-year liquidity by the European Central Bank and because various talks to bail out Greece and to tighten fiscal discipline made greater-than-expected progress. Second, U.S. and European data […] More
Deeper Analysis
PMI Comparisons: Significant U.S. Versus Euroland Advantage Maintained
February 3, 2012
The differential between the U.S. and euro zone purchasing manager service-sector indices widened by 1.4 points last month, more than offsetting an 0.9-point narrowing of the advantage in manufacturing and producing a hefty 10.9-point spread (shown in the right-most column below) for the third time in the past four months. The U.S. overall services index […] More
New Overnight Developments Abroad - Daily Update
Guarded Optimism After European Service PMI Releases and Ahead of U.S. Labor Report
February 3, 2012
The dollar is mostly marking time, with gains of 0.3% against the kiwi, 0.2% versus the Aussie dollar and 0.1% relative to the loonie, no change against the yen and yuan, and dips of 0.1% against the euro, Swissie, and sterling. Pacific rim equities were mixed. Share prices rose 0.8% in China, 1.0% in India, […] More
