U.S. PPI

Marginally Softer Dollar

October 14, 2020

The U.S. dollar edged down overnight by 0.3% against sterling, 0.2% relative to the Australian and New Zealand dollars, and 0.1% versus the yuan, Swiss franc and yen, while holding steady vis-a-vis the euro and loonie. The dollar price of gold firmed 0.5%. Stock markets in the Pacific Rim rose 0.9% in Indonesia, 0.7% in […] More

Some Sizable Financial Market Moves Overnight

August 11, 2020

The dollar lost 0.4% against the euro, Swiss franc, Australian dollar and Mexican peso. The U.S. currency also fell 0.5% versus the Canadian dollar, 0.3% relative to sterling, 0.2% vis-a-vis the Chinese yuan, and 0.1% against the kiwi but ticked 0.1% higher versus the yen. This time, dollar depreciation wasn’t correlated with a strengthening price […] More

Waves of Pessimism Persist on Numerous Fronts

June 11, 2020

The spreading of Covid-19 infections has intensified in several areas including big U.S. states like California, Florida, and Texas. Total U.S. reported cases eclipsed 2 million and at 2.066 million now represent 27.6% of the global total. As forecast by medical experts, reopening businesses has occurred at a clear cost, and this trade-off can be […] More

Politicians Between a Rock and a Hard Place, and Investors Lack Confidence that the Right Choices Will Be Made

May 13, 2020

Investors are concerned about the grim warnings from medical experts yesterday about the dangers of reopening business prematurely and without a plan for dealing with localized flare-ups of the pandemic. Hong Kong reported a new case after weeks without one. At the same time, frightening data continue to be reported, and worries are mounting that […] More

Worst Day Yet

March 12, 2020

Ironically on the one-month anniversary of the DJIA record high close, financial markets have experienced a calamitous session, and the catalyst for intensifying chaos was President Trump’s prime-time speech last night on the coronavirus pandemic. The tally of global cases stands now at 129,296 with 4,749 dead so far. Equity markets fell today by 11.7% […] More

Risk Preference Restored to Some Extent

February 19, 2020

EUR/USD is unchanged from yesterday’s closing level. The dollar is also flat against the yuan and kiwi, up most strongly versus the yen (0.8%) and then 0.3% relative to sterling. To the surprise of few, Prime Minister Boris Johnson is not proving to be as adept at governance as he was at running for election. […] More

Share Prices Slip

January 15, 2020

If all goes as planned, the Phase One trade deal between China and the United States will be signed today, but significant tariffs remain. The quarterly meeting of branch managers at the Bank of Japan downgraded economic conditions in three of the nine main regions but found none to be experiencing contracting growth and remained […] More

Central Banks, Economic Data Surprises, and British Voters in the News This Thursday

December 12, 2019

Polls in Britain’s parliamentary election today will close at 22:00 GMT 17:00 EST. The fate of Brexit is at stake. U.S. producer prices stayed unchanged in November, defying expectations of an increase and leaving the 12-month¬† increase at 1.1%. An even bigger surprise was a leap in new jobless insurance claims last week to 252k, […] More

Stocks Hit by Geopolitical Factors

October 8, 2019

Share prices in Germany, France, Italy, and Spain are down over 1.0%, and a lower U.S. open is implied by futures. Brexit talks between the U.K. and EU are seemingly paralyzed, and the U.S. blacklisting of Chinese tech firms over treatment of Uighur Muslims underscores trade tensions between the the two countries. Share prices in […] More

Stronger Dollar, Flat U.S. Share Prices and Lower Commodity Prices

April 11, 2019

Compared to Wednesday’s closing, the dollar has strengthened 0.6% against the Aussie dollar, 0.5% versus the kiwi, 0.4% relative to the yen and loonie, 0.2% vis-a-vis sterling and 0.1% against the euro and yuan. Share prices overnight fell in China, Hong Kong and Australia¬† but rose in Europe. The DOW initially rose but now shows […] More

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