PMI surveys
Belief that Oil Prices Have Bottomed Grabs Market
January 22, 2016
In this early year of extreme market volatility, movements in oil — mostly downward until now — have dictated the tone in stocks, bonds, currencies and other commodities each day. From as low as $26.19 per barrel (weakest since May 2003) two days ago to as high as 31.04 per barrel today, West Texas Intermediate […] More
Curtain Opens on 2014 Trading
January 2, 2014
The dollar has a seasonal tendency to appreciate in the first couple of days of the year, and 2014 has not been an exception. The greenback gained 1.1% against the Swiss franc, 0.9% relative to the kiwi, 0.8% versus the euro and Australian dollar, 0.5% vis-a-vis sterling, 0.2% against the loonie, and 0.1% versus the […] More
Markets Relieved as House Approves Senate Fiscal Bill
January 2, 2013
The Japanese, Swiss and New Zealand markets remained closed, but other countries began their new year today. The dollar hit a low of 1.3300 per euro and a high of JPY 87.36 in this first session of 2013. EUR/YEN touched a high of 116.02. Compared to 2012 closing levels, the dollar has risen 0.3% against […] More
Thanksgiving Day Special
November 22, 2012
Overseas investors this Thanksgiving Day of 2012 were cheered by China’s preliminary 50.4 reading on the November purchasing managers preliminary survey and have disregarded discouraging Ezone PMI results. The focus instead has been on hope that European finance ministers will work out an agreement on Greece next week. Additional optimism surrounds the likelihood of an […] More
