Archive for January 2021

Deeper Analysis

January 2021 in Figures

January 29, 2021

Sovereign debt yields rose more rapidly in North America than in Europe or Japan during January.  Among central banks followed in this feature, no policy interest rates were changed this month. Equity selling in the final week of the month resulted in slight net losses for most markets in January, and newfound caution aided the […] More

Foreign Exchange Insights and Next Week

Next Week’s Menu: January 30-February 5, 2021

January 29, 2021

Central Banks: Monetary policy reviews in the U.K., Australia, Iceland, the Czech Republic, India, and Thailand. The quarterly Reserve Bank of Australia Monetary Policy Statement and Bank of England Inflation Report will be published, and Governors Lowe and Bailey will speak on those occasions. Williams and Rosengren are among those Fed officials who will be […] More

New Overnight Developments Abroad - Daily Update

Steep Retreat Resumes in Equities; Lots of Data Reported in Final Session of January

January 29, 2021

Share prices fell 3.0% in South Korea, 2.0% in Indonesia, 1.9% in Japan, 1.8% in Taiwan, 1.3% in India, 0.9% in Hong Kong, and 0.6% in both Australia and China  overnight. European markets and U.S. futures are down 1.0% or more. Efforts to halt the  meteoric advance of shorted stocks like GameStop worked only briefly. […] More

Uncategorized

Dollar Lifted By Domestic Terrorism on Several Fronts

January 28, 2021

There’s been a similar dynamic to the attempted U.S. insurrection on January 6 and the more recent psychological frenzy pushing up a few stocks like Game Stop but depressing broader conventional elements of the market place. There’s an anarchist mad-as-hell-and-not-going-to-take-it thinking behind each of these developments that pit the little guys against the establishment. In […] More

Central Bank Watch

FOMC Statement and Press Conference

January 27, 2021

Today’s FOMC statement makes some modifications in the second and third paragraphs that deal with current U.S. economic conditions and their outlook.  December’s press release had talked about a continuing recovery of activity and employment, while today’s assessment speaks of a “moderating” recovery recently concentrated in sectors affected by Covid. A phrase “progress on vaccinations” […] More

Central Bank Watch

FOMC Preview

January 27, 2021

The Federal Open Market Committee holds eight scheduled meetings per year and consists of the seven members of the Board of Governors (appointed by the president and confirmed by the senate), the New York Fed president, who serves as Vice Chairman of the FOMC, and four of the other eleven district presidents, who rotate onto […] More

New Overnight Developments Abroad - Daily Update

Dollar Rises After ECB Expresses Concern about Euro Strength and Ahead of FOMC Announcement Later Today

January 27, 2021

In a speech Klass Knot, President of the Netherlands central bank and therefore an ECB Governing Council member, has protested against the euro’s recent rise and warned that central bankers will respond if appreciation appears to jeopardize the goal of lifting inflation back to its target. Compared to Tuesday closing levels, the dollar rallied 0.4% […] More

New Overnight Developments Abroad - Daily Update

Investors Watching U.S. Earnings Reports and Awaiting FOMC Meeting Results

January 26, 2021

There continued to be a lack of definitive market direction on Tuesday. A two-day policy review by the Federal Open Market begins today. In Congress, members of the House of Representatives delivered their impeachment edict to the senate, but a trial will not begin in earnest until February 9 in order to allow confirmation of […] More

New Overnight Developments Abroad - Daily Update

Markets Stymied by Covid

January 25, 2021

The more contagious variant strains of Covid-19, tightening lockdowns in several countries, and Republican senator misgivings about undertaking another large fiscal stimulus have world investors unsure about what lies next for the world economy. The confusion can be seen in mixed financial market results. Stock markets rose today by 2.4% in Hong Kong, 2.2% in […] More

Foreign Exchange Insights and Next Week

Next Week’s Menu: January 23-29, 2021

January 22, 2021

Central Banks: Monetary policies will be reviewed at the Federal Reserve and in Chile, Hungary and Colombia. Fed Chairman Powell will hold a news conference Wednesday, and the Bank of Japan will publish a summary of this week’s meeting and minutes from the previous one. Holidays and Special Events: Tuesday is Australia Day. Republic Day […] More

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