German orders
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
Central Bank Day
September 5, 2013
The Bank of Japan left its policy settings unchanged but expressed greater enthusiasm about the recovery’s progress. Since April, the BOJ has engaged in heavy quantitative easing to achieve a 2% inflation rate. Bank Negara Malaysia retained a 3.0% key overnight interest rate, its level since May 2011. The move was expected and made against […] More
U.S. and Canadian Jobs Day
July 5, 2013
Folks who took Independence Day off missed a lot of excitement, as both the European Central Bank and Bank of England took steps to control bond market damage caused by talk of Fed tapering. See my reviews of the ECB and BOE actions. Attention today now turns to the U.S. Labor Department employment report due […] More
Focus on Central Banks and Stock Market Behavior
June 6, 2013
Share prices fell sharply in Asia but are up in Europe. Equities dropped 1.5% in Singapore and South Korea, 1.3% in China, 1.1% in Australia and Hong Kong and 0.9% in Japan. Stocks are up 0.9% in Spain, 0.4% in France, and 0.2% in Germany but unchanged in the U.K. and 0.3% softer in Italy. […] More
Somewhat Firmer Dollar
February 6, 2013
The dollar has strengthened 0.8% against the Aussie currency, 0.6% versus the Swiss franc, 0.4% relative to the euro, 0.3% against the kiwi, 0.2% vis-a-vis the loonie and 0.1% against the yen and pound. The yen touched overnight lows of 94.07 per dollar and 127.74 pr euro. The Aussie dollar hit a 2-month low of […] More
Big Day for Central Bank Watching
September 6, 2012
The Aussie dollar has rebounded 0.5% against its U.S. counterpart in spite of soft Australian labor market data. The U.S. currency otherwise is unchanged against the yen and sterling and down by 0.3% against the kiwi, 0.2% relative to the loonie and 0.1% versus the euro, Swiss franc and yuan. High expectations ahead of the […] More
