French GDP

The Wrath of Nature and North Korea Sends Markets into a Tizzy

August 29, 2017

So much for North Korean restraint in the face of Trump’s threat of “fire and fury” against that regime. North Korea fired a missile last night that sailed over Japan, seemingly calling the U.S. president’s bluff to prove how tough he can be. Meanwhile, Harvey continues to batter the Texas coast and is forecast to […] More

Mexican Rate Hike, Some Preliminary PMI Results, and a Trump Revelation

June 23, 2017

Mexico’s key central bank interest rate was hiked by an additional 25 basis points to 7.0%, bringing its cumulative rise to four percentage points from 3% prevailing from October 2014 through the early December 2015. However, Bank of Mexico officials suggested in a statement that no more tightening may be necessary. See review. The peso […] More

Concerns from Several Places

May 30, 2017

Markets in China and Hong Kong remain shut for the Dragon Boat Festival, but British and U.S. markets reopened following 3-day holiday weekends. European political uncertainty is one theme in early Tuesday trading. The outcome of the British election on June 8 is not assured, since opinion polls show a narrowing lead for Prime Minister […] More

Sovereign Debt Yields Lower on Last Business Day Before Christmas

December 23, 2016

Ten-year sovereign debt yields retreated four basis points in Germany and Italy, three bps in U.K., France and Canada and two bps in the United States. Japan’s market is shut to commemorate the Emperor’s birthday. The dollar slipped 0.2% overnight against the euro and yen but climbed against commodity-sensitive currencies and sterling. The greenback is […] More

Rising Expectations of a Fed Rate Hike before Yearend

August 26, 2016

Today’s focus is on Janet Yellen’s address in Wyoming this morning. Ahead of that speech, markets are pricing more than even odds of a hike in the federal funds rate at one of the three remaining FOMC meetings this year and up to a 30% probability officials act at the September meeting. The dollar lost […] More

A Lot to Ponder in Spite of U.S. and British Holiday Closures

May 30, 2016

U.S. markets will be closed for Memorial Day, the unofficial start of summertime currency trading.  London markets are shut, too, for the late May Bank holiday. At the summit of G7 leaders held in Japan, a mixed agreement was reached not to engage in competitive devaluation but also protesting excessive exchange rate volatility.  Japan’s prime […] More

Little Happening on Good Friday 2016

March 25, 2016

Markets are closed for Good Friday in the U.K., Germany, Spain, Switzerland, Italy, Portugal, Australia, New Zealand, South Africa, Singapore, India, Brazil, Canada and the United States.  Greece is shut for Independence Day.  The Good Friday/Easter Monday holiday period tends to be one of the quietest market times of the year. Sure enough, the dollar […] More

Narrowly Mixed Dollar

December 23, 2015

The biggest dollar move overnight is a 0.5% slide against sterling.  Otherwise, the U.S. currency is down 0.2% versus the loonie and 0.1% relative to the yen, unchanged vis-a-vis the yuan, and up 0.2% against the euro, Swissie and kiwi and 0.1% firmer relative to the Aussie dollar. West Texas Intermediate crude oil was bid […] More

Abundance of Data, Some Central Bank Decisions, and a Saudi-Led Air Attack on Islamic Rebels in Yemen

March 26, 2015

In quickening activity, the dollar lost 0.8% overnight against the Swissie, 0.6% relative to the yen and loonie, 0.5% vis-a-vis the kiwi, 0.4% versus sterling, 0.3% against the euro, and 0.2% versus the Australian dollar.  The yuan slipped 0.1%. After Wednesday’s North American sell-off, stocks in the Pacific Rim and Europe are significantly lower.  Stocks […] More

Awaiting Several U.S. Data Releases Today Before the Xmas Break

December 23, 2014

The U.S. data release calendar today encompasses the final estimate of 3Q GDP plus monthly personal income and spending, durable goods orders, new home prices, the FHFA house price index, the Richmond Fed manufacturing index, and the Reuters/U. Michigan consumer sentiment index.  Weekly chain store sales also get reported. In the meantime, the release of […] More

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