Archive for January 13th, 2017

Deeper Analysis

Inflationary Amber Alert

January 13, 2017

After the election of Donald Trump, the dollar, U.S. equities, long-term interest rates, and commodities rose initially. Some of these changes have been pared, but they reflect a changed perceived economic outlook. Analysts who follow fundamental economic trends became more optimistic about economic growth and the likelihood of higher inflation. Market players were very mindful that […] More

Foreign Exchange Insights and Next Week

Next Week

January 13, 2017

Holidays and Special Events: On Monday, Martin Luther King’s Birthday in the United States. Tuesday-Friday World Economic Forum in Davos, Switzerland. Inaugural of Trump/Pence on Friday. Central Banks: Interest rate policy meetings in Canada, Euroland, Malaysia, Chile, Turkey and Indonesia. Yellen, Dudley and Harker of the Fed speak publicly. ECB President Draghi and Bank of […] More

Central Bank Watch

Bank of Korea Maintains a Loose Monetary Stance

January 13, 2017

At this year’s first interest rate policy meeting, officials at the Bank of Korea left the seven-day repo rate at a record low of 1.25%, its level since a 25-basis point cut last June. Similarly sized reductions were engineered in August and October of 2014 and March and June of 2015. A statement released today noted […] More

New Overnight Developments Abroad - Daily Update

Markets Calmer than Yesterday

January 13, 2017

After slumping Thursday, the dollar is unchanged today against the yen, Australian dollar, loonie and sterling. The greenback slipped a mere 0.2% against the euro, Swissie and peso since Thursday’s close and is down 0.1% vis-a-vis the yuan and kiwi. The Japanese Nikkei recovered 0.8%. Elsewhere in the Pacific Rim, equities have fallen 0.8% in […] More