U.S. PPI

A Valentine’s Day Full of Data and Other Developments

February 14, 2017

Market Movement: The dollar is higher against sterling but lower against the euro, Swissie, yen, and commodity-sensitive currencies. Oil and gold climbed 1.3% and 0.7% overnight. 10-year German bund and Japanese JGB yields rose a basis point, while the 10-year Treasury and British gilt slid a basis point. Japan’s Nikkei slumped 1.1%. Central Bank News: […] More

Awaiting a Likely Fed Rate Hike and Yellen’s Press Conference

December 14, 2016

The Fed’s announcement is due at 14:00 EST (19:00 GMT). A rate hike is like for the first time in a year. Chair Yellen’s press conference starts 14:30 EST. New forecasts will be unveiled. The dollar is down 0.3% against the euro and yen. Ten-year sovereign debt yields fell overnight by six basis points in […] More

Surprise, Surprise, Surprise!

July 14, 2016

Surprise #1: Latest U.S. presidential opinion polls show the race between Trump and Clinton too close to call in key swing states, despite much greater political ad spending by the Democrats. ¬†Trump said he will unveil his VP choice Friday at 11:00 am EDT. Surprise #2: ¬†Rising from the ashes, Boris Johnson was named British […] More

Scent of Monetary Restraint Coming to the U.K.

June 13, 2014

The annual Mansion House Speech from Bank of England Governor Mark Carney suggested that the first hike of the central bank interest rate may happen sooner than markets are assuming and possibly before year-end.  Actions against house price inflation appear imminent but will be introduced in a measured way. Three other central banks overnight left […] More

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