Euroland CPI

Fresh Data to Consider

February 28, 2018

In addition to yesterday’s testimony by Fed Chairman Powell, which if anything raised the odds of more than three interest rate hikes in 2018, investors today have a slew of data releases on this final day of February to consider. Thursday’s data release calendar is very heavy as well. The Pacific Rim picked up the […] More

Between the State of the Union and Yellen’s Final FOMC Meeting

January 31, 2018

Reaction to President Trump’s first State of the Union address last night has been typically partisan. For good or bad, citizens have already solidified their impressions of him for however much longer he is their president. The next big event will be the FOMC’s released statement at 14:00 EST (19:00 GMT). No press conference follows, and […] More

Pause in the Action

January 17, 2018

Stocks show a calmer, healthier tone overnight following Tuesday’s roller-coaster ride that saw the DOW initially soar over 200 points and break above 26K to 26,086 but ultimately crash to a 10-point loss on the day. Share prices eased just 0.5% in Australia, 0.4% in Japan, 0.3% in South Korea and Singapore but firm 0.2% in […] More

Firmer Stock Markets and a Softer Dollar

December 18, 2017

With passage of a U.S. tax cut at mid-week looking increasingly probable, equities rallied in Asia and Europe overnight, and the dollar eased a bit. Dollar declines amount to 0.3% relative to sterling, the euro, Swiss franc loonie and peso, 0.2% against the Australian and and New Zealand dollars, and 0.1% versus the yen. Share […] More

New Highs in the U.S. Stock Market on Final Day of November

November 30, 2017

There’s been the usual ton of data released on this final day of the month, but other matters seem to be lifting confidence. Another gradual Federal Reserve interest rate hike in December seems increasingly probable. For once, news from the Brexit talks has been encouraging. Progress continues on the U.S. tax bill’s movement through Congress. […] More

Mostly Firmer Dollar Tone

October 17, 2017

The dollar recorded overnight gains of 0.5% against the yuan, 0.4% versus sterling, 0.3% relative to the euro, 0.2% vis-a-vis the loonie, swissie, and peso, and 0.1% versus the yen and Australian dollar. The dollar edged 0.1% lower against the kiwi, in contrast. Inflation reports released today tended to be above expectations. Consumer prices in […] More

Dollar Mixed, Gold Down, and Stocks Remain Well Bid

September 18, 2017

The dollar advanced by 0.4% against the yen and sterling, 0.3% versus the yuan, and 0.1% relative to the loonie and peso but slipped 0.2% vis-a-vis the kiwi and 0.1% against the euro and Swiss franc. The Aussie currency is steady. Gold dropped 0.5%, exceeding its two-week low, and WTI crude oil fell 0.2%. Japanese […] More

Market Moved By ECB Minutes

August 17, 2017

The “Account” of the ECB Governing Council Meeting on July 19-20 expresses concern about the euro, which has been rising in response to fundamental improvement in the economy, possibly strengthening too much, which could dull the recovery and delay a return to the inflation target. Although the risk of deflation has receded, inflation remains below […] More

Dollar Down Even as Stocks Continue to Rise

July 31, 2017

Lots of economic data were reported today. The dollar and U.S. share prices diverged in direction on the final day of July as they had done much of this month. The dollar lost 0.3% against the euro, Swissy and sterling, and it fell 0.2% against the yuan and 0.1% relative to the yen. The never-ceasing […] More

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

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