Chinese retail sales and industrial production

Less Risk Aversion Now but Respite Might Not Last

August 14, 2017

North Korea hasn’t backed down rhetorically, and U.S. President Trump has every reason to keep foreign crisis distraction on the front-burner in light of the developments in Virginia. Nonetheless, the new week kicked off with last week’s haven-favored assets trimming their gains. Investors have shown temporary faith that a nuclear war will be averted one […] More

Markets Sustained by a Belief that Help is on the Way

August 12, 2016

Investors are confident that central banks won’t let bad things happen. The Central Bank of Chile kept a 3.5% interest rate benchmark and dropped language about future rate normalization. Like many other monetary authorities except perhaps the Fed, plans to tighten are getting delayed and in many cases like the Bank of England and BOJ […] More

Last Meaningful Week of 2015

December 14, 2015

A lot of information including a likely first federal funds rate hike since June 2006 will be crammed into this third week of December. ┬áSuch will clear the decks for the end-of-year holiday season, and trading desks will be closing their 2015 books. ┬áBack in the day, there was no more consistent reliable bias in […] More

Mixed Chinese Data on a Holiday-Dampened Wednesday

November 11, 2015

The Armistice ending the First World War was reached 97 years ago today.  Markets in the U.S. (Veterans Day), France (Armistice Day) and Canada (Remembrance Day) are shut. China reported October industrial production, retail sales, fixed asset investment, and net foreign direct investment statistics. A 5.6% on-year rise in industrial production was the smallest gain […] More

Monday Monday, Can’t Trust That Day

September 14, 2015

Overnight changes in the U.S. dollar have been comparatively mild.  It’s ticked 0.1% higher against the euro and Swissie, unchanged relative to sterling, and down versus the yen, yuan, Aussie, Canadian and New Zealand dollars. Share prices fell 2% in China, 1.6% in Japan and 0.5% in South Korea but rose 1.0% in India, 0.5% […] More

Dollar Drifts Downward along with the Snow

December 10, 2013

Much of the U.S. is blanketed with the white stuff, including the Northeast which is experiencing wintry weather for a second straight day. The dollar fell overnight by 0.3% against the yen, 0.2% versus the New Zealand and Australian dollars and 0.1% relative to the euro, Swiss franc, loonie and sterling.  The Chinese yuan was […] More

More Weak Data Reported Around the World

August 9, 2012

China, Japan, Britain and India released data accentuating economic weakness. Central banks in Japan, Indonesia, and Korea left policy stances unchanged. The dollar has risen 0.4% against the euro, Swissie and kiwi.  It is up 0.1% versus sterling, down 0.2% against the yen, and unchanged overnight relative to the loonie, Aussie dollar and yuan. Stocks […] More

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