Euroland CPI

Pick-Up in Flow of Data Creates New Trading Incentives

August 18, 2016

Wednesday had seen a lull in statistical releases and a commensurate lackluster trading day. Thursday’s been a more interesting day from both vantage points. Released figures include Japanese trade and machine tool orders, Euroland consumer prices, current account and construction output, British retail sales, Australian labor statistics, and Chinese property prices. Investors also are reacting […] More

Japanese GDP Growth in 4Q Beat Expectations. Ezone Inflation Negative. Awaiting FOMC Minutes

May 18, 2016

The dollar strengthened overnight by 0.7% against the Australian dollar, 0.5% relative to the kiwi and loonie, 0.4% vis-a-vis the euro, 0.3% against the yen 0.2% versus the yuan and 0.1% relative to sterling. Gold lost 0.3% to $1,273.30 per ounce, and copper fell even more sharply.  West Texas Intermediate crude oil firmed 0.3% to […] More

Some Investor Caution Returns

April 14, 2016

Yesterday’s stock market rally carried into Asia but not Europe. Share prices rose 3.2% in Japan, 1.3% in Australia, 1.8% in South Korea, 1.9% in India and 0.5% in China. Equities in Europe have settled back 0.7% in Greece, 0.4% in Spain and Italy, and 0.1% in the U.K. and France.  The German Dax is […] More

The June FOMC Meeting Has Arrived

June 17, 2015

This week’s FOMC decision (due today at 18:00 GMT) and Yellen press conference (starting 30 minutes later) have been eagerly awaited ever since monetary officials signaled that their data-driven policy could begin to raise the federal funds rate as early, but not before, the June meeting.  Analysts are not expecting that to happen but are […] More

Waiting for a Slew of U.S. Data

January 16, 2015

U.S. economic statistics will be released today on consumer prices, industrial production, consumer confidence, and capital flows with other economies.  We arrive at this juncture after five straight daily declines in U.S. share prices and one of the most volatile currency market days ever.  In forty years of forex market watching, I can not recall […] More

Awaiting the FOMC Statement and Yellen’s Press Conference

December 17, 2014

Stocks are lower and the dollar is firmer ahead of today’s FOMC news and the release of some U.S. data.  There’s already been some central bank news in the U.K., Czech Republic and Thailand.  The Asian Development Bank bumped projected 2015 growth and inflation in developing Asia slightly lower, and Japanese trade data for November […] More

Awaiting FOMC Pronouncements and Some Relief from Chinese Stimulus

September 17, 2014

Markets continue to react to yesterday’s news that the People’s Bank of China is creating a standing liquidity facility for the five biggest Chinese banks totaling 500 billion yuan or roughly $81 billion. In the meantime, investors await today’s FOMC statement, updated macroeconomic forecasts and Janet Yellen’s press conference.  The two first items are due […] More

End of August Brings a Ton of Released Data

August 29, 2014

The dollar is unchanged overnight against the euro, sterling and yuan.  The greenback gained 0.2% versus the yen and Australian dollar and 0.1% vis-a-vis the kiwi, while losing 0.2% to the loonie and 0.1% against the Swiss franc. The price of gold has slid 0.3% to $1,286.0 per ounce despite additional military gains by pro-Russian […] More

Awaiting FOMC Decision as First Third of 2014 Winds Down

April 30, 2014

The dollar has slipped 0.3% against the Swiss franc, 0.2% versus the euro and 0.1% relative to the yen and kiwi.  The greenback is 0.1% firmer against the loonie and unchanged versus the Australian dollar, Chinese yuan and sterling. Share prices in the Pacific Rim fell 1.4% in Hong Kong but rose 1.6% in New […] More

Lots of Data and a Better Tone in Equities

April 16, 2014

Japan’s Nikkei catapulted 3.0% higher, and stocks so far in Europe are up by 2.0% in Italy, 1.1% in Spain, 0.9% in France, 0.8% in Germany, 0.5% in Switzerland and 0.3% in Britain.  In other selected markets around the Pacific Rim, stocks gained 0.6% in Australia, 0.3% in New Zealand, 0.2% in Singapore and 0.1% […] More

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