eurozone industrial production
A Broadening Sense of Relief
July 13, 2016
Global stocks recorded a fifth straight session of appreciation. Industrial commodities continued to rally as well. The dollar is marginally softer. Investors are relieved that the succession of British governments is occurring more quickly than feared and feel confident that Theresa May is the right person to lead the U.K. through its exit from the […] More
Lower Yen and Stronger Norwegian Krone as Oil Recovers
May 12, 2016
WTI oil rose 0.9% to a six-month high above $46/barrel after indications of a diminishing supply glut. Comex gold fell 0.5% overnight. The dollar rebounded 1.4% against the yen. Norway’s krone advanced 1.1% against the euro. The dollar climbed 0.6% relative to the Aussie dollar but is narrowly mixed versus sterling, the Swiss franc, the […] More
Last Meaningful Week of 2015
December 14, 2015
A lot of information including a likely first federal funds rate hike since June 2006 will be crammed into this third week of December. Such will clear the decks for the end-of-year holiday season, and trading desks will be closing their 2015 books. Back in the day, there was no more consistent reliable bias in […] More
Monday Monday, Can’t Trust That Day
September 14, 2015
Overnight changes in the U.S. dollar have been comparatively mild. It’s ticked 0.1% higher against the euro and Swissie, unchanged relative to sterling, and down versus the yen, yuan, Aussie, Canadian and New Zealand dollars. Share prices fell 2% in China, 1.6% in Japan and 0.5% in South Korea but rose 1.0% in India, 0.5% […] More
Greek Dismay and a Nuclear Deal Reached with Iran
July 14, 2015
The price of West Texas Intermediate crude oil fell 2.1% to $51.12 per barrel on news that deal was reached to greatly relax economic sanctions on Iran in exchange for constraints on Iranian nuclear production and enhanced western access to inspecting Iranian facilities. The agreement follows nearly three weeks of intense talks and is opposed […] More
Stronger Pound and Yen, Weaker European Share Prices and Commodities
April 14, 2015
The dollar is 0.4% softer against sterling and the yen but otherwise little changed. Gold and oil have fallen by 0.7% and 0.4% to $1,190.7 per ounce and $52.11 per barrel. Stocks have declined by 1.6% in Hong Kong, 1.3% in Italy, 1.1% in Spain and 0.7% in Germany. The 10-year German bund is a […] More
Bond Yields Drop Further but Stocks and Dollar Trim Recent Move
March 12, 2015
Ten-year British gilt and Japanese JGB yields dropped another six and three basis points. The dollar’s uptrend has been interrupted by overnight losses of 2.2% against the New Zealand kiwi, 1.2% versus the Australian dollar, 0.7% vis-a-vis the Swiss franc, 0.6% relative to the euro and loonie, 0.5% against sterling and 0.3% versus the yen. […] More
Reserve Bank of Australia Surprises Many with Decision Not to Ease Further this Month
March 3, 2015
The U.S. dollar fell overnight by 0.5% against the Aussie dollar, 0.4% versus the kiwi, 0.3% relative to the yen and 0.1% vis-a-vis the loonie. The dollar is unchanged against sterling and the yuan but has risen 0.3% against the Swiss franc and 0.1% relative to the euro. Share prices lost 2.6% in China, 0.7% […] More
Continuing Euro Support above $1.1300
February 12, 2015
The euro rose 0.2% against the dollar. Despite persistent concerns about Grexit — Greece abandoning the common European currency or being thrown out by other members — the euro, now at $1.1342, repeatedly finds support whenever it dips under $1.13. Greek debt talks have made very little progress. They will resume next Monday, with creditors […] More
