Euroland M3 money growth

Catastrophic Texas Weather Depresses WTI Oil Price

August 28, 2017

The Texas coast is experiencing record flooding. West Texas Intermediate crude oil dropped 0.8% to $47.49 per barrel. The Dallas Fed manufacturing index will be reported later today but is a dated report already in light of Hurricane Harvey’s damage. The U.S. advance trade deficit estimate also arrives today. The speeches by Draghi and Yellen […] More

Dollar, Bond Yields, and Japanese Nikkei Slip

December 29, 2016

The dollar fell overnight by a further 0.5% against the yen, 0.4% relative to the euro, Aussie dollar and kiwi, 0.3% versus the loonie, peso and Swiss franc, 0.2% against sterling and 0.1% relative to the yuan. The Japanese Nikkei dropped 237 points (1.3%). Equities in Europe are down 0.3% in Spain and the U.K., […] More

Oil Price Retreat Extended

March 29, 2016

West Texas Intermediate crude oil slid another 2% and is trading about 7% below last Wednesday’s close.  Gold (down 0.3%) and most metals are lower, too, adding to the heaviness of commodity-sensitive currencies. A narrowly mixed dollar is down 0.5% against the New Zealand dollar and shows losses of 0.2% against the loonie and sterling […] More

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