Euroland industrial production

A Valentine’s Day Full of Data and Other Developments

February 14, 2017

Market Movement: The dollar is higher against sterling but lower against the euro, Swissie, yen, and commodity-sensitive currencies. Oil and gold climbed 1.3% and 0.7% overnight. 10-year German bund and Japanese JGB yields rose a basis point, while the 10-year Treasury and British gilt slid a basis point. Japan’s Nikkei slumped 1.1%. Central Bank News: […] More

Rotation in Investment Strategies Extended

November 14, 2016

The dollar continued to climb, gaining overnight by 1.0% against the yen, 0.9% versus the Swiss franc, 0.8% relative to the euro, 0.7% vis-a-vis sterling, 0.5% against the kiwi, 0.3% versus the Mexican peso and 0.1% against the loonie. Since the close on November 8, the day of the U.S. election, the dollar has advanced […] More

A Fearful Mood in the Marketplace

September 14, 2016

Investor confidence has turned very fragile because of  The erosion of Clinton’s lead. A Trump victory is expected to be followed by vast changes in U.S. policy on a wide range of policies and procedures. Signs that monetary stimulus has hit the wall of diminishing returns even as global growth remains lackluster and inflation too […] More

Aussie Dollar Rose and Oil Price Fell

November 12, 2015

Australia’s currency strengthened 1.0% against its U.S. counterpart on strong labor market data.  Australia’s jobless rate fell 0.3 percentage points to 5.9%, and 58.6K jobs were created last month, four times greater than anticipated. The U.S. dollar has otherwise climbed 0.3% against the euro and sterling, 0.2% versus the kiwi and loonie, and 0.1% relative […] More

New Zealand Dollar Volatility and Some Interesting Data Reports

October 14, 2015

A speech by Governor Wheeler of the Reserve Bank of New Zealand whip-sawed the kiwi.  The currency initially fell 0.4% to as low as USD 0.6619 when the central bank head indicated that the Official Cash Rate probably will fall further, contingent on future economic news, but it then roared back to USD 0.6726, a […] More

European Share Prices Significantly Lower… And Oil Off Another 1.3% to $59.10

December 12, 2014

Equities have fallen 1.6% in Paris, 1.4% in Madrid, Milan and Zurich, 1.5% in London and 1.2% in Frankfurt.  Stocks closed down 0.9% in India, 0.3% in Hong Kong and 0.2% in Australia but rose 0.7% in Japan, 0.3% in China and South Korea, and 0.2% in New Zealand, Singapore and Taiwan. Key sovereign debt […] More

Weaker Pound and Dollar

November 12, 2014

Sterling fell 0.5% against the dollar, which has otherwise depreciated 0.8% relative to the kiwi, 0.3% versus the euro, 0.2% vis-a-vis the yen and Australian dollar and 0.1% against the loonie.  The Swiss franc at 1.2022 per euro moved nearer to the 1.2000 ceiling that Swiss National Bank officials promise unlimited intervention to prevent further […] More

Another Volatile Trading Session

October 14, 2014

The dollar is stronger except against the yuan and yen.  Especially large advances of 1.0% and over 1.5% have occurred against sterling and the Swedish krona following reports of that British CPI inflation fell 0.3 percentage points (ppts) to a 5-year low of 1.2% and Swedish consumer prices, also in the year to September, had […] More

Several Instances of Weak Data Released Today

August 13, 2014

Japanese real GDP fell 6.8% annualized in the second quarter.  The decline reversed the first-quarter gain but was not quite as much as analysts had feared.  Because of a 20.5% dive in imports, net exports enhanced the growth rate by 4.4 percentage points, and involuntary inventory building accounted for another 3.9 percentage points of growth. […] More

Quintet of Central Bank Policy Announcements

December 12, 2013

The Reserve Bank of New Zealand left the 2.5% official cash rate at its record low but served notice that such is headed higher and possibly soon. The Bank of Korea’s 7-day repo rate was kept at 2.5% as well, its level since May.  Inflation is below target. Bank Indonesia did not raise its reference […] More

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