German industrial orders

Dollar Mostly Higher but Only Slightly So

March 7, 2017

The dollar shows overnight gains of 0.3% against the Swiss franc and sterling, 0.2% relative to the kiwi, and 0.1% vis-a-vis the yen, loonie and euro. The dollar fell 0.5% against the peso and 0.2% versus the Australian currency. The yuan is steady after unexpected news that Chinese international reserves, which in January dipped under […] More

Political Concerns Outweigh Data Strength

February 6, 2017

France’s National Front’s pre-presidential election manifesto was released, calling for France to leave the European Union and for tighter restraints on immigration. It was always a bit peculiar how an investment community prior to the U.S. election had been publicly worried about the Republican candidate’s “drain the swamp” promise but converted to true believers afterward. […] More

Some Guarded Relief as Stocks Rally around the World

November 7, 2016

Knowing that it won’t be over until it’s over, global stocks nonetheless rallied on yesterday’s FBI announcement that the investigation of emails found on Anthony Wiener’s computer did not change the original conclusion from July that Hillary Clinton did not commit any criminal acts warranting the Bureau to press charges against her. Share prices closed […] More

Waiting for Friday’s U.S. Jobs Report

October 6, 2016

The dollar firmed 0.4% against the Swiss franc and Aussie dollar, 0.3% relative to sterling, 0.2% versus the euro, loonie and kiwi, and 0.1% against the yen. Chinese markets remain closed. Tomorrow’s jobs reports is not expected to dampen current speculation that the Fed will tighten by December and maybe even in November. Oil’s upward […] More

Message of Jackson Hole Didn’t Stick

September 6, 2016

Speeches and various comments emerging from the Jackson Hole Symposium late last month had been coordinated to plant in investors’ minds the notion that the Fed would be raising its interest rate sooner than assumed and that two hikes before yearend in fact remained possible. The shift in market psychology was only fleeting, however, and […] More

Markets Moved by Fed Rhetoric and British Opinion Surveys

June 6, 2016

With less than three weeks until the U.K. voter referendum on whether to remain part of the European Union, two surveys showed more people wanting to exit than to stay, although the margin was narrow in each case. ¬†Sterling has fallen 0.7% against the dollar, but the Ftse is 1.0% stronger. Commodities are up in […] More

Mark Time March Ahead of U.S. Jobs Report

February 5, 2016

In a week that’s seen the dollar drop its most in several years, the U.S. currency shows scant net change overnight, dipping 0.1% versus the loonie, Swissie and kiwi while edging 0.1% higher against the yen, euro and Aussie dollar.  The greenback has gained 0.2% relative to sterling and is unchanged versus the yuan. Equities […] More

Intensifying Market Volatility

January 7, 2016

What’s hot:  Traditional hard currencies like the yen, euro and Swiss franc.  Also Treasuries and other sovereign debt.  Also gold. What’s cold:  Oil and other commodities.  Commodity currencies, the renminbi, sterling and the dollar.  Equities and other risky assets. Market movements: The dollar has appreciated 1.2% against the Australian dollar, 0.6% versus the yuan, 0.5% […] More

Intensifying Market Volatility

January 7, 2016

What’s hot:  Traditional hard currencies like the yen, euro and Swiss franc.  Also Treasuries and other sovereign debt.  Also gold. What’s cold:  Oil and other commodities.  Commodity currencies, the renminbi, sterling and the dollar.  Equities and other risky assets. Market movements: The dollar has appreciated 1.2% against the Australian dollar, 0.6% versus the yuan, 0.5% […] More

Winding Down a Rollercoaster of a Week

December 4, 2015

The first week of December already had included weaker-than-expected monetary support from the ECB, weaker U.S. purchasing managers indices, mounting rhetorical evidence that the federal funds rate will be hiked this ¬†month, softer core inflation in the eurozone, public remarks from central bank chiefs in the U.S., Britain, Euroland, Japan, Australia, and Canada, and a […] More

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