German consumer confidence

Dollar Mostly Unchanged Overnight, Share Prices and Sovereign Debt Yields Slip a Bit

November 26, 2019

The dollar is unchanged from Monday closing levels against the yen, Swiss franc, kiwi and Australian dollar and has moved no more than 0.1% versus the euro, loonie, yuan and peso. A bigger dollar change of 0.4% occurred against sterling. The 10-year British gilt yield fell three basis points. Ten-year U.S. Treasury, German bund, and […] More

Watching Impeachment Developments and Digesting Data

September 26, 2019

The dollar fell overnight by 0.5% against the kiwi, 0.4% relative to the Aussie dollar, and 0.1% versus the yen and loonie, but it also rose 0.2% against sterling and the euro as well as 0.3% vis-a-vis the Swiss franc. The yuan and peso are unchanged. Wednesday’s rebound in U.S. share prices carried over into […] More

Share Prices and Sovereign Debt Yields Rebound… Brexit Situation Remains Muddled

March 26, 2019

In futures trading, the 10-year treasury yield rose five basis points to 2.44%. The 10-year German bund and Japanese JGB yield firmed two bps, while their British counterpart is 3 basis points firmer. Share prices rebounded 2.2% in Japan, 1.1% in India, 0.9% in Indonesia, 0.8% in Taiwanand 0.6% in Singapore. European equity markets are […] More

Some weak European and Japanese Data

August 29, 2018

French GDP growth slowed to a 0.2% per quarter rate in the first half of 2018 from 0.7% per quarter in the second half of 2017. In the second quarter alone, personal consumption contracted for the first time since the summer of 2016. Imports advanced five times faster than exports, and net foreign demand exerted […] More

Modest Market Retrenchment Ahead of ECB Announcement

April 26, 2018

The ECB Governing Council is holding a policy review to be followed by Draghi’s press conference. The Bank of Japan Board began a two-day meeting whose results will be revealed Friday. The BOJ also releases a quarterly Outlook for Economic Activity and Prices tomorrow, which will update its macroeconomic forecasts. After meetings with U.S. President […] More

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

Market Churning and in Search of New Direction

July 27, 2017

A mixed day for the dollar this Thursday with a rebound of 1.1% against the Swiss franc and 0.3% relative to the euro and loonie. The dollar also edged up 0.1% versus the peso, yen and kiwi but has lost 0.2% against the yuan and 0.1% versus sterling. Stocks advanced 0.9% in Taiwan, 0.8% in […] More

Wait and See Market Mood

March 23, 2017

After stocks sold off earlier this week, there’s been a pause this Thursday, as investors await the U.S. House of Representatives vote on the Republican Insurance Policy and the scheduled public comments of Fed Chair Yellen and Minneapolis Fed District President Kashkari, who dissented from this month’s federal funds rate hike. Wednesday’s terrorist act in London […] More

Greek Talks Looking Grim

June 25, 2015

Daybreak on Thursday brings news of an ultimatum to the Tsipras government from its Troika of creditors, not the breakthrough that investors had been hoping to hear.  The deadline has already passed.  Final decision now moves on to eurozone finance ministers, who meet later this day, but the outlook for a deal does not appear […] More

Weaker-than-Expected PMIs and a Market-Moving Comment from John McDermott

April 23, 2015

The kiwi slumped 1.4% after Reserve Bank of New Zealand Assistant Governor McDermott said that policymakers are not currently contemplating a further rise in the official cash rate. Otherwise the U.S. currency fell overnight by 0.6% against the Swiss franc and 0.1% versus the euro but rose by 0.4% relative to the Australian dollar, 0.2% […] More

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