Foreign Exchange Insights and Next Week

Next Week’s Menu: October 12-18

October 11, 2019

Central Banks: The Bank of Korea has a scheduled monetary policy review, and the Federal Reserve Beige Book and minutes from this month’s Reserve Bank of Australia Board meeting get published. Fed district presidents Bostic, Kaplan, Bullard and Evans are some of the U.S. central bank officials with public speaking opportunities during the week. Foreign […] More

New Overnight Developments Abroad - Daily Update

An Active Friday in the Market Caused by Breaking Geopolitical News

October 11, 2019

An Iranian oil tanker in the Red Sea was the object of rocket attacks and is spilling oil. The missiles are believed to have been fired by Saudi Arabia. WTI crude oil rose 1.6% in response. British Prime Minister Johnson and Irish PM Varadkar after bilateral talks said they could see a pathway to a […] More

New Overnight Developments Abroad - Daily Update

Dollar and Yen Fell in Tandem

October 10, 2019

The dollar and yen dropped overnight by 0.6% against the New Zealand and Australian currencies, 0.5% relative to the euro, 0.3% versus the Swiss franc and peso, 0.2% relative to the loonie and sterling and 0.1% against the yuan. Ten-year U.S. Treasury and Japanese JGB yields are unchanged, whereas their German and British counterparts increased […] More

New Overnight Developments Abroad - Daily Update

New Hope Regarding Upcoming U.S.-Sino Trade Talks

October 9, 2019

Trade talks between U.S. and Chinese officials resume tomorrow in Washington. Pessimism about their outcome had pummeled share prices on Tuesday, but the mood has improved because of reports that the Chinese seek some kind of partial accord. Today is Yom Kippur, the holiest day of the Jewish calendar. Also, South Koreans are observing Hangeul […] More

New Overnight Developments Abroad - Daily Update

Stocks Hit by Geopolitical Factors

October 8, 2019

Share prices in Germany, France, Italy, and Spain are down over 1.0%, and a lower U.S. open is implied by futures. Brexit talks between the U.K. and EU are seemingly paralyzed, and the U.S. blacklisting of Chinese tech firms over treatment of Uighur Muslims underscores trade tensions between the the two countries. Share prices in […] More

New Overnight Developments Abroad - Daily Update

Unsettling Geopolitical News Over the Weekend and Some Weak Data Released Today

October 7, 2019

The Brexit deadline is now 24 days away, andĀ  British Prime Minister Johnson is still insisting on leaving the EU at monthend with or without a deal. He’s unwilling to compromise further. U.S.-Sino trade talks resume Thursday, but it’s reported that while the U.S. wants a comprehensive agreement, China seeks a more limited scope in […] More

Foreign Exchange Insights and Next Week

Next Week’s Menu: October 5-11

October 4, 2019

Central Banks: Monetary policy meetings in Serbia, Peru, Israel and Sri Lanka. Minutes to be released from the most recent Federal Reserve and European Central Bank policy reviews. Powell, George, Evans and Kashkari are some to the Fed officials speaking publicly next week, and Bank of England Carney and Bank of Japan Board member Amamiya […] More

Central Bank Watch

Another Central Bank Rate Cut in India

October 4, 2019

The Reserve Bank of India cut its benchmark repo interest rate for the fifth time since February. Today’s reduction to 5.15% was 25 basis points, and the total decline of all five moves has been 135 basis points in size. The reverseĀ  repo rate also was trimmed by 25 basis points to 4.90%. A statement […] More

New Overnight Developments Abroad - Daily Update

Investors Uneasy Awaiting U.S. Jobs and Trade Data

October 4, 2019

Today’s big question is whether the U.S. jobs statistics due in an hour corroborate other weak data released during the past month. Yesterday brought stunning news that the non-manufacturing purchasing managers index slumped 3.8 points in September to a 3-year low and embodied drops of 6.3 points in production and 6.6 points in new business. […] More

Larry's Blog

Postseason Versus Regular Season Baseball

October 3, 2019

No professional sports league in America plays as many games in the regular season as major league baseball to decide which teams get entered into post-season play to decide the year’s championship. This is done for the simple reason that the margin between victory and defeat in any game of baseball is comparatively small. It […] More

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