Archive for September 28th, 2012

Foreign Exchange Insights and Next Week

Next Week

September 28, 2012

Central banks in the U.K., euro area, Poland, Australia, Japan and Iceland hold monetary policy meetings next week, and the FOMC releases minutes from its mid-September meeting.  Chinese markets are closed all week for the National Holiday commemorating the 63rd anniversary of the Communist revolution.  Germany celebrates Unity Day on Wednesday.  Australia is closed Monday […] More

Foreign Exchange Insights and Next Week

Currency Implications of an Obama Win and Other Uncertain Matters

September 28, 2012

The assumption that Barrack Obama would be a single-term president appeared to be one of the safer bets that I made early this year.  Historically speaking, second terms have been difficult to secure when U.S. unemployment was above 7.0%.  Economic growth in the second term of a presidential year, not 3Q or 4Q, has in […] More

New Overnight Developments Abroad - Daily Update

Lots of Released Data on Final Business Day of the Quarter

September 28, 2012

Share prices rose in the Pacific Rim but are mostly lower in Europe.  Investors are again focused on Spain, where the 2013 budget was unveiled yesterday and bank stress test results are due today.  The fiscal deficit is projected at 4.5% of GDP, down from 6.3% in 2012.  Italian Prime Minister Monti opposes new conditions […] More

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