British retail sales

Little Growth and Even Less Inflation

October 23, 2014

As on Wednesday, data released today have accentuated subdued growth and disinflation. The kiwi fell 1% against the U.S. dollar, which otherwise shows no change against the loonie, Australian dollar or yuan, downticks of 0.2% relative to the euro and Swiss franc, and rises of 0.3% vis-a-vis the yen and 0.2% against sterling. Share prices […] More

Firmer Dollar and European Share Prices

June 19, 2014

Investors perceived a dovish message in Janet Yellen’s press conference yesterday.  The Swiss and Norwegian central bank statements fortified that risk on mood. Share prices have climbed 1.6% in Japan and Australia, 1.1% in Italy, 0.9% in Spain and France, and 0.8% in Britain and Germany.  China’s market fell another 1.5%, however. The dollar has […] More

Stocks Down but Dollar Pretty Steady

April 25, 2014

Share prices fell 1.9% in Taiwan, 1.5% in Hong Kong, 1.3% in South Korea, 1.0% in China, 0.8% in India and 0.5% in Singapore.  Equities firmed 0.2% in Japan.  European stocks so far show losses of 0.9% in Germany and Italy, 0.8% in Spain, 0.4% in France and 0.2% in Switzerland and Great Britain.  U.S. equities […] More

Kiwi Climbs 0.8% against USD to 29-Month High of $0.8682

March 27, 2014

The U.S. dollar also slipped overnight by 0.2% against sterling and 0.1% versus the loonie but has advanced by 0.3% against the euro and Swiss franc, 0.2% relative to the yen and 0.1% versus the yuan.  The Aussie dollar touched a four-month high of USD 0.9246 but is currently unchanged on balance.  Trading yesterday afternoon […] More

Canadian Dollar, Australian Dollar and Chinese Yuan Are Weaker

February 21, 2014

The loonie has traded 0.6% lower against its U.S. counterpart ahead of the release of Canadian retail sales later today, which probably did poorly.  Canadian consumer prices also arrive. The yuan, off 0.2% today, will post its greatest weekly slide in a few years.  Chinese stocks fell 1.0% on concerns about the growth outlook in […] More

Sterling Boosted by Robust U.K. Retail Sales Data

January 17, 2014

British retail sales leaped 2.6% on month in December, lifting the 12-month increase threefold to 5.3%.  Non-auto sales went up 2.8% from November and by 6.1% from a year earlier. The Japanese cabinet upgraded its assessment of the economy to “recovering at a moderate pace” from December’s view that the “economy is on the way […] More

The Morning After Delivers More Central Bank News

September 19, 2013

In the wake of the Federal Reserve’s decision not to cut quantitative stimulus just yet, the euro soared to a 7-month high of $1.3569, gold has climbed 4.4% to $1365.5 per ounce, other commodities like WTI crude oil (+0.6% to $108.76) are also higher, share prices are higher in Europe and Asia (especially where selling […] More

Awaiting U.S. Data on this Historic Anniversary

August 15, 2013

There is a big U.S. data release calendar that includes industrial production, the Philly Fed and Empire State manufacturing indices, the National Association of Home Builders index, Treasury-reported capital flows (TIC), and weekly jobless insurance claims.  Former President Nixon severed the link between the dollar and gold 42 years ago today. Trading in Europe was […] More

A Busy Day

May 22, 2013

Many things are happening today.  One spotlight is on central banks.  The BOJ did not change policy of aggressive quantitative easing.  The economic assessment was upgraded, but market players are somewhat disappointed that no concrete modifications were announced to stop the erratic yet sharply rising trend in JGB yields, which have roughly doubled since early […] More

Russian Happenings

February 15, 2013

A large meteorite fell to earth in Chebarkul near the Ural Mountains, injuring about 300 people. G20 central bank leaders and finance ministers meanwhile began the first session of a two-day meeting in Moscow.  Foreign exchange traders eagerly await the formal text that emerges.  A Russian deputy finance minister said the statement will not single […] More

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