German industrial orders

Further Rise of Share Prices Ahead of ECB Event

March 6, 2014

Stocks have risen 1.6% in Japan, 1.1% in India, 0.9% in Taiwan, 0.8% in New Zealand, 0.6% in Hong Kong and Indonesia, and 0.5% in China.  In Europe, equities are up so far by 1.3% in Spain, 0.7% in France, 0.3% in Germany and Switzerland, and 0.2% in Britain.  The dollar fell overnight by 0.8% […] More

Waiting to See if ECB Eases Today

February 6, 2014

The euro is 0.1% softer against the dollar ahead of a key monthly meeting of the ECB Governing Council, which meets amid mounting concern about deflation. Meanwhile, the Bank of England Monetary Policy Committee as expected just announced no changes in its 0.5% Bank Rate or in the GBP 375 billion ceiling on its asset […] More

Euro a bit Lower Despite Positive German Data

January 8, 2014

The dollar climbed overnight by 0.3% against the loonie, 0.2% versus the euro, Swiss franc and yen and 0.1% relative to the kiwi.  Sterling is 0.1% stronger, and the yuan and Aussie dollar are unchanged against the greenback. The Nikkei rebounded 1.9%, helped by a softer yen.  In other markets around the Pacific Rim, stocks […] More

Euro Sharply Higher Against Yen

March 7, 2013

The spotlight today has been on central bank activity. Shirakawa’s outgoing Bank of Japan Board stuck to the status quo, but significant further easing is expected next month from the new BOJ leadership team. The European Central Bank also made no changes but accentuated issues that tend to buoy the euro.  Growth forecasts were lowered, […] More

Another Day Closer to Yearend and a Downgrade of Greek Debt

December 6, 2012

The currency markets are mostly calm.  The dollar is unchanged against the euro and loonie, down 0.1% relative to the yen and sterling, and up 0.1% versus the yuan and Swiss franc.  The U.S. currency has lost 0.4% against the kiwi and 0.3% versus the Australian dollar. Stock market movements overnight have been diverse.  Japan’s […] More

Judgement Day in America

November 6, 2012

Today’s U.S. presidential election outcome is generally considered too close to call.  Representing world opinion, the Economist and Financial Times endorsed Obama despite reservations about his first term. In a surprise to many analysts, the Reserve Bank of Australia declined to cut the 3.25% Official Cash Rate further.  The Aussie dollar has climbed 0.7% against […] More

Currency Markets Quiet

August 7, 2012

The dollar has edged down 0.1% against the loonie, euro, Swissie, Aussie dollar and yuan.  The greenback is unchanged against the kiwi, 0.3% lower versus sterling and 0.1% firmer relative to the yen. Share prices rose 1.1% in India and 0.9% in Japan overnight.  Smaller equity gains were posted of 0.6% in New Zealand, 0.4% […] More

European Voters Say No Mas to Austerity

May 7, 2012

Socialist Francois Hollande was elected President France, defeating Nick Sarkozy, who became Euroland’s 11th incumbent leader to be kicked out of office since the start of the sovereign debt crisis in 2009.  Hollande favors stronger fiscal stimulus and campaigned on a promise to renegotiate the EU treaty on fiscal discipline.  Voters split 51.9% for Hollande […] More

Weak Data and Super Tuesday Results

March 7, 2012

Australian GDP rose only 0.4% last quarter, half as much as forecast.  A 4.7% decline in Australia’s terms of trade was the greatest quarterly slump in a couple of years.  On-year growth decelerated to 2.3% from 2.5% in 3Q.  Australia’s construction PMI index worsened further to a reading of 35.6 in February from 39.8 in […] More

Share Prices Up Ahead of ECB Press Conference

October 6, 2011

The dollar dropped 0.8% and 0.6% overnight against the Australian and New Zealand currencies.  The greenback also lost 0.3% against the yen, 0.2% versus sterling and 0.1% relative to the euro.  The Canadian dollar, Swiss franc and Chinese yuan are unchanged. With China still closed, share prices in the Pacific Rim advanced 4.6% in Indonesia, […] More