Japanese machinery orders

Dollar and Yen Fell in Tandem

October 10, 2019

The dollar and yen dropped overnight by 0.6% against the New Zealand and Australian currencies, 0.5% relative to the euro, 0.3% versus the Swiss franc and peso, 0.2% relative to the loonie and sterling and 0.1% against the yuan. Ten-year U.S. Treasury and Japanese JGB yields are unchanged, whereas their German and British counterparts increased […] More

Markets React to ECB Stimulus, U.S. CPI Data, and Continuing Hopes on Trade Talks

September 12, 2019

Policymakers at the European Central Bank as expected cut the deposit rate by 10 basis points to minus 0.50%, announced an open-ended asset purchase program to start in November at EUR 20 billion per month, said targeted LTRO operations will carry the average deposit rate, and introduced a a 2-tiered system of reserve remuneration in […] More

Investors in Cautious Mood

June 12, 2019

Trade war concerns continue to weigh on financial markets. Share prices fell 1.4% in Hong Kong where street riots escalated in protest of an extradition law. Equities also dropped 0.6% in China, 0.5% in India and Indonesia and 0.4% in Japan. European stock markets so far have lost 0.8% in Italy, 0.7% in the U.K. […] More

North American Holidays and Lack of Data Reports Make for a Quiet Start to a New Week

February 18, 2019

North American markets will be shut Monday for the U.S. Presidents Day holiday and Canadian Family Day holiday. Share prices in Asia rose 2.7% in China, 1.8% in Hong Kong and Japan, 1.7% in Indonesia, 0.8% in Singapore and Taiwan, and 0.7% in South Korea but fell 0.9% in India. Among European bourses, stocks so […] More

Equities Down and Bond Yields Rise Again

October 10, 2018

The dollar is comparatively steady, showing no net overnight change against the euro, yuan or sterling and upticks of 0.1% versus the Swiss franc, loonie and Australian dollar and of 0.2% relative to the Mexican peso. Somewhat bigger appreciations have occurred against the kiwi of 0.4% and yen of 0.3%. Share prices fell 1.1 in […] More

Declines in Kiwi, Ruble and Turkish Lira

August 9, 2018

The dollar advanced overnight by 1.6% against the New Zealand dollar, 0.9% versus the Russian ruble, and some 2.5% vis-a-vis the Turkish lira. Not only did the latest review of New Zealand monetary policy end with leaving the Official Cash Rate at 1.75%, half its level prior to the June 2015 first of 7 reductions, […] More

Post-G7 Market Reaction Suppressed ahead of Tomorrow’s Kim-Trump Meeting and Several Key Central Bank Policy Reviews Later this Week

June 11, 2018

The annual summit of Group of Seven leaders over the weekend went poorly (see my review), but share prices mostly rose today in Asia and Europe. Stocks advanced 0.8% in South Korea, 0.5% in Japan, 0.4% in New Zealand, 0.3% in Hong Kong, 0.2% in Singapore, and 0.1% in India but slipped 0.5% in China […] More

Little Change Overnight in Most Dollar Forex Values

May 17, 2018

Against other major currencies, the dollar is unchanged against the loonie and yuan, up 0.1% relative to the euro, Swiss franc and kiwi, up 0.3% versus the yen, but down by 0.1% against the Australian dollar and sterling. Bigger dollar moves have occurred against emerging market currencies. The greenback dropped 0.3% against the Indonesian rupiah […] More

Down Day for Stocks and Dollar

April 11, 2018

Military conflict between U.S. and Russian forces in Syria appears at hand. Trump is promising missile strikes, and Russia claims to have the ability to knock them out of the sky before targets are hit. Investors are uneasy that these hostilities will escalate further. U.S. consumer price inflation accelerated further in March in spite of […] More

Pause in the Action

January 17, 2018

Stocks show a calmer, healthier tone overnight following Tuesday’s roller-coaster ride that saw the DOW initially soar over 200 points and break above 26K to 26,086 but ultimately crash to a 10-point loss on the day. Share prices eased just 0.5% in Australia, 0.4% in Japan, 0.3% in South Korea and Singapore but firm 0.2% in […] More

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