Chinese GDP

China Releases a Whole Lot of Data as World Awaits Trump’s Inauguration

January 20, 2017

At 17:00 GMT (noon EST), Donald J. Trump will officially become the 45th president of the United States. The dollar rose overnight by 0.6% against the New Zealand dollar, 0.4% versus the loonie, 0.3% relative to the Aussie dollar, yen and sterling, 0.2% vis-a-vis the euro and peson, and 0.1% against the yuan and Swiss […] More

Oil Price Rally Continued

October 19, 2016

West Texas Intermediate crude oil, which traded at $43.30 per barrel just a month ago, rose another 1.5% overnight to $51.02 per barrel. Investors are reasonably confident that OPEC will find the discipline with Russia to reach an accord limiting production. Comex gold advanced 0.7% to $1,271.50 per troy ounce, and the dollar is modestly […] More

Upbeat Chinese and U.S. Data Overshadow the Terrorist Attack in Nice

July 15, 2016

Chinese GDP, retail sales, and industrial production exceeded analyst expectations and suggest that economy’s slowdown is leveling off. Real GDP growth accelerated to a quarter-on-quarter increase of 1.8% in the second quarter, keeping on-year growth steady at 6.7% instead of slowing further as analysts were expecting. Industrial production posted a 6.2% on-year advance in June […] More

Profit-Taking Friday

April 15, 2016

Investors were in a more sober mood at week’s end. The dollar fell back 1.0% against the kiwi, 0.7% relative to the won, 0.5% versus the yen, 0.3% vis-a-vis the Aussie dollar and sterling, and 0.2% against the euro.  The loonie and yuan are unchanged. Share prices in Europe are down 0.8% in Switzerland, 0.6% […] More

Some Market Relief after Chinese Data Announced

January 19, 2016

The eagerly awaited Chinese economic data confirmed slower growth late in 2015 but not as much so as feared.  Chinese data are notoriously distrusted, so one has to wonder how long today’s rally will last. The dollar fell 1.1% against the Australian dollar, 0.7% versus the loonie, 0.2% relative to the kiwi and sterling and […] More

Holiday Closures in the United States and Canada

September 7, 2015

Financial markets today will lack the leadership of North American participation due to Labor Day closures in the United States and Canada. The dollar is mixed, dropping 0.6% against sterling, 0.4% versus the Aussie dollar and 0.1% relative to the euro but advancing 0.4% against the kiwi, 0.3% vis-a-vis the yen, and 0.1% relative to […] More

Chinese GDP and a New Drop in Oil Prices

January 20, 2015

Chinese GDP recorded on-year growth of 7.3% last quarter, 7.3% in the second half of 2014, and 7.4% for the full calendar year.  2014 growth was the slowest since 1990 and below the government’s target for the first time years. Other Chinese data released today showed Industrial production rising at a 3-month high of 7.9% […] More

Data to Digest

October 21, 2014

Data released earlier today include Chinese GDP, retail sales, industrial production and business investment, revised Euroland deficit- and debt-GDP ratios, and Japan’s all-industry index.   U.S. existing home sales and weekly chain store sales figures are awaited.  Markets are also getting some corporate earnings reports, which have exceeded expectations.  The dollar is unchanged overnight against the […] More

Chinese Data Released on a U.S. Holiday

January 20, 2014

The U.S. Martin Luther King JR. holiday has sucked leadership out of today’s market action. The dollar shows only small changes from Friday’s closing, losing 0.3% against the euro and Aussie dollar, 0.2% relative to the yen, and 0.1% versus the Swiss franc and sterling.  The loonie, kiwi and yuan are unchanged. Share prices in […] More

Gold Plunges More than $100/Oz

April 15, 2013

The free-falling price of gold is 7.4% lower than its Friday close and, at $1,389.90, at its weakest level since February 18, 2011.  Oil has plunged 3.5% to $88.13 per ounce, lowest since December. Commodity-sensitive currencies have been depressed sharply.  The U.S. dollar has risen 1.3%, 1.1% and 0.8% against its New Zealand, Australian and […] More

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