Free Registration Required

Currency Thoughts has attracted a wide variety of regular readers as well as casual visitors.

In order to provide more focused service we are now requiring registration for this feature.

Many professionals involved in FX trading as well as economists in academia rely on this feature to begin their day. It is a comprehensive summary and examination of what data are out, what that data mean, what important market moving statements have been made, and what other important events might impact the day.

This summary, compiled by an analyst with the experience and perspective to prioritize and organize, supports an informed and articulate approach to each new day's FX activities.

A registration process will enhance our ability to identify our readers and focus on their interests and concerns.

Registration is free, fast and private. Review our privacy policy here.

Click here to register.

Registered users, please click here to log in.

New Overnight Developments Abroad – Daily Update

Storm Front Coming to the North-Eastern U.S Corridor

March 13, 2017

The coming week was already shaping up to be laden with market-moving developments such as the Fed’s virtually certain interest rate hike and Dutch parliamentary elections, each set for Wednesday. Now comes word that two storm fronts will be merging within 24 hours, creating blizzard conditions and resulting in a foot or more snow in […] More

Oil Under $50 and Gold Below $1,200 as U.S. Jobs Report Nears

March 10, 2017

A mixed overnight trading session finds the dollar up 0.4% against the yen and above the 115 level but down 0.3% to 1.0610 per euro. The dollar climbed 0.2% against sterling and 0.1% versus the Swiss franc but lost 0.4% to the peso, 0.2% against the Aussie dollar and 0.1% vis-a-vis the kiwi. The yuan […] More

Central Reserve Bank of Peru Maintains 4.25% Interest Rate

March 9, 2017

The last change in Peru’s central bank interest rate was a 25 basis point cut in February 2016 that culminated a percentage point of easing in the space of five months. A released statement after the latest Board meeting observes a 0.4 percentage point drop in core inflation last month, in-target inflation expectations, somewhat slower […] More

Oil Swoons, Dollar Firm, and an ECB Policy Meeting

March 9, 2017

West Texas Intermediate crude oil, which closed February above $54 and at 53.20 this past Tuesday, extended its plunge by 2.3% overnight to $49.12, a 3-month low. U.S. inventories are bloated. Due to a likely Federal Reserve interest rate hike next week and mounting expectations of perhaps three more increases during 2017, the dollar rose […] More

Dollar Up and Some Eye-Catching Data Results

March 8, 2017

The dollar is trading higher, with gains of 0.6% against the Aussie currency, 0.5% relative to the yen, 0.4% versus the kiwi, 0.3% vis-a-vis the euro, loonie, peso and sterling, 0.2% against the Swiss franc, and 0.1% versus the yuan. The ten-year Treasury yield rose another four basis points. At 2.56%, such is 25 basis […] More

Dollar Mostly Higher but Only Slightly So

March 7, 2017

The dollar shows overnight gains of 0.3% against the Swiss franc and sterling, 0.2% relative to the kiwi, and 0.1% vis-a-vis the yen, loonie and euro. The dollar fell 0.5% against the peso and 0.2% versus the Australian currency. The yuan is steady after unexpected news that Chinese international reserves, which in January dipped under […] More

A Din of Unease

March 6, 2017

U.S. President Trump accused his predecessor of wiretapping his phone during the election campaign. Far right nationalist parties continue to augment their voter support in The Netherlands and France ahead of respective elections scheduled for March 15 and April 23rd. The CEO of the troubled┬áDeutsche Bank admitted it’s been going in the wrong direction and […] More

Ahead of the Yellen Speech

March 3, 2017

A slew of Fed officials have put a March interest rate hike firmly in play. Later today, both Vice Chair Fisher and Chair Yellen speak. There have been times before when the rest of the FOMC rhetorically seemed ahead of Yellen in itching to raise rates, but that seems unlikely in this instance. In fact, […] More

Overseas Share Prices Didn’t Follow Yesterday’s U.S. Rally

March 2, 2017

Stocks were mixed in the Pacific Rim. While Australia’s bourse climbed 1.3% and the Japanese and Indonesian markets went up 0.8%, stocks fell 0.2% in Hong Kong and 0.5% in India. In Europe, the Greek and Spanish markets are flat, and the German and British ones have dipped 0.1%. U.S. futures are a tad down. […] More

U.S. Monetary Tightening Fever Lifts Dollar, Stocks and Sovereign Debt Yields

March 1, 2017

Last night’s speech by President Trump did no harm but lacked the details that investors were hoping to learn. No more is known about what will replace the Affordable Care Act, or how increased government spending will be financed. Trump was less contentious, but any relief could quickly dissipate today after the new immigration policy […] More

css.php