Archive for April 2019

New Overnight Developments Abroad - Daily Update

Share Prices Mostly Down Following Easter Holiday

April 23, 2019

Trading volumes picked up as European market trading resumed following holiday. In geopolitical news today, President Trump said any countries importing oil from Iran would be subject to U.S. sanctions. And the Chinese Politboro released a statement upbeat about growth in the early going of 2019 and suggesting lessening monetary stimulus ahead. These developments respectively […] More

New Overnight Developments Abroad - Daily Update

Easter Sunday, Bloody Sunday

April 22, 2019

Numerous markets remained closed this Monday in continuous observance of Easter, including¬† those in France, Germany, Great Britain, Italy, South Africa, Australia, Spain, New Zealand, Norway and Canada. I can’t believe the news today Oh, I can’t close my eyes And make it go away How long? How long must we sing this song?¬† ¬†-U2 […] More

Foreign Exchange Insights and Next Week

Next Week

April 19, 2019

Central Banks: Monetary policy meetings in Japan, Canada, Indonesia, Sweden, Russia and Turkey. The quarterly Bank of Japan Outlook for Economic Growth and Prices and the Bank of Canada Monetary Policy Report will be published. Bank of Canada Governor Poloz, Bank of Japan Governor Kuroda, and Swiss National Bank President Jordan will be speaking publicly […] More

New Overnight Developments Abroad - Daily Update

Good Friday 2019

April 19, 2019

Due to Good Friday, Easter, and the approaching first night of Passover, financial market activity has ground to a near halt. Markets shut today in Germany, France, Italy, Greece, Spain, the U.K., Switzerland, the U.S., Canada, Australia, New Zealand, Hong Kong, India, Indonesia, Singapore, Norway, Brazil, South Africa, and Mexico. The released redacted Mueller Report […] More

Central Bank Watch

Bank of Korea Leaves Interest Rate the Same but Reduces 2019 Growth and CPI Forecasts

April 18, 2019

As expected, the Bank of Korea’s 1.75% base rate was left unchanged. This represents an “accommodative” stance, according to a released statement. Officials argue that “it is expected that the domestic economy will continue to grow at a rate that does not diverge significantly from its potential level, and it is forecast that inflationary pressures […] More

New Overnight Developments Abroad - Daily Update

Much To Watch Just before the Holiday

April 18, 2019

The Good Friday/Easter holiday break is ordinarily one of the quietest times for foreign exchange, but investors this year have a great deal of news to absorb before getting away: the promised redacted Mueller Report, preliminary April purchasing manager survey results, British retail sales, Australian labor statistics, German producer prices, Swiss trade, and a central […] More

New Overnight Developments Abroad - Daily Update

Continuing Move Into Riskier Assets

April 17, 2019

Share prices in Europe and Asia mostly rose. So did 10-year sovereign debt yields and the price of oil. The dollar is unchanged on net against the yen and sterling. The greenback lost 0.5% against the Canadian dollar, 0.3% relative to the Australian dollar and yuan, 0.2% versus the euro and peso, and 0.1% against […] More

New Overnight Developments Abroad - Daily Update

Upbeat Tone to Tuesday’s Data Reflected in Stocks and Bonds

April 16, 2019

Share prices rose 2.4% in China, 1.2% in Hong Kong, 1.0% in India, 0.8% in New Zealand, 0.7% in Indonesia, and 0.2% in Japan. Stocks in Europe show gains of 0.7% in both Germany and Switzerland and 0.4% in Great Britain. Ten-year U.S. Treasury and German bund yields advanced another basis point, and the dollar […] More

New Overnight Developments Abroad - Daily Update

Sovereign Debt Yields Rise Further

April 15, 2019

Ten-year sovereign debt yields rose overnight in Europe and Japan. Share prices climbed 1.4% in Japan, 0.9% in New Zealand, 0.7% in Taiwan, 0.5% in Indonesia, and 0.4% in India but fell 0.3% in China and Hong Kong. European equity markets are little changed. West Texas Intermediate oil dropped 1.1%, and Comex gold is trading […] More

Foreign Exchange Insights and Next Week

Next Week

April 12, 2019

Central Banks: A monetary policy review is scheduled at the Bank of Korea, and minutes from the last Reserve Bank of Australia Board meeting and the Fed’s Beige will be published. Fed officials with public speaking engagements next week include Bullard, Harker, Logan, Kaplan, Rosengren, Bostic and Evans. Governor Carney and Haskell of the Bank […] More

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