German orders

Sell-Off in European Sovereign Debt

July 6, 2017

Amid recent speculation that the policy stance of the European Central Bank may be nearing a turning point, a French government debt auction drew weak interest and triggered a broad rise in regional sovereign debt yields. 10-year yields rose 7 basis points in France and Germany, 6 bps in Italy, and 5 bps in the […] More

Dollar and Sterling Strengthen but Oil Steps Back

December 6, 2016

The dollar is unchanged against the pound but up 0.4% against the yen, loonie, kiwi and Australian dollar. The U.S. currency also rose 0.2% overnight relative to the euro and Swiss franc. An appeal is being heard in British courts regarding the legality of leaving the EU based solely on a voter referendum. Sterling has […] More

Dollar Slightly Softer Ahead of U.S. Jobs and Trade Data

August 5, 2016

The dollar overnight lost 0.5% against the kiwi, 0.4% versus the Aussie dollar and sterling and 0.2% relative to the yen and euro.  The dollar is steady against the loonie, Swiss franc and yuan. Stocks have responded favorably to the Bank of England’s shock and awe response to the Brexit vote. Share prices in the […] More

Blame It on the British: Bond Yield Distress Extended

July 6, 2016

The 10-year Treasury yield touched a fresh low for the move earlier today of 1.318%.  It closed on June 23 at 1.75% just before the shocking Brexit vote result became known.  The 10-year Japanese JGB is off two basis points at negative 0.27%.  The sovereign debt yields in Germany and Switzerland are also below zero. […] More

Gold and Yen Stronger but Stocks, Bond Yields, and Emerging Market Currencies Decline

April 5, 2016

The yen is 0.6% stronger on balance, powered by a fresh wave of safe-haven seeking capital flows.  Many service sector PMI reports were disappointing.  Japan’s index and its composite PMI fell to one-year lows, for example.  The yen touched 110.26 per dollar, its most appreciated level since October 2014.  Comex gold rose 1.3% to $1,231.59.  […] More

Equities Holding Friday-Monday Gains So Far

October 6, 2015

The dollar has lost 0.4% against the Australian dollar, 0.3% versus the euro, 0.2% vis-a-vis sterling, and 0.1% against the yen and Swissie.  The dollar edged 0.1% higher relative to the kiwi and yuan.  China’s currency has pulled ahead of the yen into fourth place among most used monies around the world. Japan’s Nikkei closed […] More

Report of Weak German Orders and a Difficult Day for the Kiwi

March 5, 2015

The New Zealand dollar sank 1.0% against the dollar and fell to a one-month low against the Australian dollar on the possibility that the Reserve Bank of New Zealand might resort to property market-specific regulatory changes instead of and delaying a near-term interest rate hike. German industrial orders slumped 3.9% in January, reversing nearly all […] More

Dollar Little Changed Ahead of Draghi Monthly Press Conference

November 6, 2014

The dollar is up 0.2% versus sterling and 0.1% relative to the loonie, unchanged against the kiwi and yuan, and down by 0.3% against the euro, 0.2% vis-a-vis the Swissie and Aussie dollar, and 0.1% relative to the yen. South Korean officials complained about the recent weakening trend of the yen and said more would […] More

Markets Seeking Direction from the ECB Today

June 5, 2014

Investors are marking time ahead of the ECB rate announcement and press conference at 11:45 GMT and 12:30 GMT, respectively.  Rates are expected to be cut slightly, and there probably will be other unconventional moves to promote bank lending.  Yesterday’s Federal Reserve Beige Book report had depicted modest to moderate continuing growth with low inflation. […] More

First Friday of the Month

December 6, 2013

Investors await U.S. and Canadian jobs figures.  Analysts project a 185K increase in U.S. employment.  A gain of 200K or more would goose speculation about earlier Fed tapering. Ahead of this key release, traditionally scheduled for the first Friday of the month, the dollar is unchanged against the euro and Aussie dollar, up by 0.3% […] More

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