Archive for February 3rd, 2012

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

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