Chinese GDP
Better-than-Forecast Chinese Data Tops a Light Start to the Week
July 17, 2017
Despite slight appreciation overnight, the dollar remains at rather soft levels such as 1.1445 per euro and JPY 112.60. Commodity prices are somewhat firmer. WTI oil, for instance, rose 0.4%, and Comex gold is up 0.2%. But commodity-sensitive currencies have dipped. The Canadian and Australian dollars softened 0.1% and 0.2%. The kiwi lost 0.3%, responding […] More
Important Developments on Easter Monday
April 17, 2017
A slew of markets remained closed including the U.K., Australia, New Zealand, Germany, France, Italy, Spain, Portugal, Belgium, The Netherlands, Greece, Switzerland, Hong Kong, South Africa, Sweden, Denmark, Norway, and Hungary. A Turkish referendum over the weekend has given President Erdogan sweeping additional powers. The lira appreciated initially more than 2.0% in response. North Korea’s […] More
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
