French and Italian industrial production

Some Fresh Surprises

May 10, 2017

Trump’s firing of FBI Director Comey in the middle of the investigation into Russia’s efforts to influence the 2016 U.S. election has given an upward yank to suspicion that the Trump campaign may have played a complicit role. The firing also served to remind investors that Trump is an uncertainty-seeker. Comments from the Dallas and […] More

Chinese CPI Inflation Fell to 5-Month Low

November 10, 2015

The dollar showed little net change overnight, firming 0.3% against the euro and 0.1% relative to the Swiss franc, falling 0.1% vis-a-vis the loonie, Aussie dollar and sterling, and staying flat versus the yen, kiwi and yuan. Share prices slumped 1.7% in Hong Kong, 1.5% in India, 1.4% in South Korea, 1.1% in Indonesia and […] More

Several Countries Report Industrial Production and EU Commission Turns Down Greek Debt Proposal

June 10, 2015

The dollar recorded overnight losses of 0.9% against the yen, 0.6% versus the Australian and New Zealand dollars, 0.5% vis-a-vis the loonie, 0.4% relative to sterling and 0.1% against the Swiss franc.  The Chinese yuan was steady, and the dollar edged up 0.1% against the euro. Bank of Japan Governor Kuroda called the yen weak […] More

Rising Dollar

March 10, 2015

Dollar appreciation continued relentlessly overnight.  EUR/USD touched a new low for the move of $1.0735 on concerns that Greece may not comply with conditions, without which liquidity aid from the ECB would be stopped.  The immediate focus is upon whether eurozone examiners would be allowed back in Athens tomorrow to see Greece’s financial books. Chinese […] More

Return to Risk-Off Market Psychology

July 10, 2014

European equities and bond prices were sold off pretty hard.  The yen has firmed.  Gold spiked higher, and oil continues to slide. The catalyst for this fresh wave of risk aversion was the failure of the parent company of Portugals Espirito Santo Financial to make a debt payment, but there are other causes, one being […] More

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