Euroland economic sentiment

Dollar Downtrend Accelerates

August 28, 2020

Powell’s speech that formally redefined the Federal Reserve’s inflation target and policy response function implies lower U.S. interest rates for longer and gave the dollar’s pandemic-related downtrend further impetus. Overnight the dollar depreciated by 1.3% against the Mexican peso, 1.7% relative to the Australian dollar, 1.2% versus the yen and kiwi, 0.8% vis-a-vis sterling and […] More

Shocked by GDP Data

July 30, 2020

Market attention shifted from the pandemic data trends to the disease’s economic havoc. This development gave the recently weakening dollar a lift as it benefited from safe-haven demand. Overnight dollar advances range from 0.2% against the yen and Swiss franc to 0.3% versus the euro, 0.6% relative to the kiwi, loonie and Aussie dollar and […] More

Coronavirus Still Dominating Markets

June 29, 2020

Over the weekend, the global coronavirus case and death counts went over 10 million and half a million, respectively. Compared to Friday at this time, there has been an increase of 132k and 1,653 in U.S. identified cases and deaths attributed to Covid-19. Florida and Texas are struggling. Polish President Duda failed to capture a […] More

U.S.-Sino Tensions Mount but Dollar Steady and Equities Mostly Higher

May 28, 2020

The Chinese National People’s Congress passed the proposed Hong Kong security bill, disregarding President Trump’s warnings against doing that. Secretary State Pompeo said America will no longer consider the former British colony as autonomous, and the Trump Administration is mulling a range of sanctions against Beijing and had its call for a special UN Security […] More

Lots of Data and an FOMC Meeting to Digest

April 29, 2020

Even with Japanese markets shut for the first of several “Golden Week” holidays, today is a very active day. Euroland economic sentiment, U.S. GDP, and several price statistics head a long list of data releases. Also, the FOMC will announce the conclusions of a scheduled review of monetary policy, which will be followed by a […] More

New Week Brings More Covid-19 Deaths and More Risk Aversion

March 30, 2020

There have now been almost three quarters of a million identified Covid-19 cases around the world, resulting in 35k deaths. About a fifth of the cases have occurred in the United States. In the past 24 hours, Spain reported 537 more deaths to the illness. A ban on U.S. social gatherings has been extended to […] More

Stampede Out of Risky Assets Intensifies

February 27, 2020

Share prices fell 2.7% in Indonesia, 2.1% in Japan, 1.2% in Taiwan, 1.1% in South Korea, 0.9% in New Zealand and 0.8% in Australia. Equities are down at least 1.5% in France, Germany, the U.K., Spain, and Switzerland, and U.S. futures point to a drop of over 1.0%. Sometime today, the cumulative decline of the […] More

Coronavirus Outbreak Tops Busy List of Developments for Markets to Process

January 30, 2020

Several central banks held their first policy reviews of 2020. Those in Chile and Great Britain left their interest rate structures unchanged at 1.75% and 0.75%, respectively. The National Bank of Ukraine implemented its sixth rate cut in nine months, a 150-basis point reduction to 11.0%. The Central Bank of Sri Lanka engineered its third […] More

Dollar Firms Modestly; Equity Markets are Mixed

January 8, 2020

The dollar recorded overnight gains of 0.3% against the euro, 0.2% versus the yen and sterling, and 0.1% vis-a-vis the loonie. The dollar remains unchanged relative to the yuan, Swiss franc and kiwi. ADP estimates that U.S. private-sector employment increased last month by a robust 202k, beating November’s result and exceeding analyst expectations. There was […] More

Trade Talks Back in the Spotlight

September 27, 2019

A number of factors could have made Friday an ugly day in the marketplace — the U.S. and British political crises, weak European and U.S. data, and Japanese disinflation. But instead, the mood has been lifted by the announcement that U.S. and Chinese trade delegations will restart formal talks in Washington on October 10th. Share […] More

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