New Overnight Developments Abroad - Daily Update
August 11, 2026
Because so many market participants take holidays at this time of year, August has a reputation in the financial community for being a calm period when not much happens, and the first half of this year’s August has pretty much conformed to that stereotype. It hasn’t always been so, however. It was in August that […] More
Tags: Reserve Bank of Australia, U.S. small business sentiment
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New Overnight Developments Abroad - Daily Update
August 10, 2026
(127) The deadlock in efforts to reopen shipping traffic through the Strait of Hormuz goes on, with Iran insisting on 14 demands from the United States that are far beyond what the Trump Administration is willing to accept. The grave doubts that Middle Eastern experts expressed very early into the initial ceasefire have proven prescient, […] More
Tags: Bank of Japan Board Summary, Chinese CPI and PPI, Japanese current account and economy watchers index
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New Overnight Developments Abroad - Daily Update
August 7, 2026
The dollar marked time overnight, with no net changes against the euro, loonie or its weighted DXY index, an uptick of 0.1% relative to sterling, and downticks of 0.1% versus the Australian dollar and Japanese yen. Bigger drops of 0.3% occurred against the Mexican peso, Indonesia rupiah and Swiss franc and of 0.5% relative to […] More
Tags: Bank of Mexico, Canadian employment and unemployment
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New Overnight Developments Abroad - Daily Update
August 6, 2026
Pick your cliche. Waiting for Godot. It ain’t over til the fat lady sings, or the Trumpian favorite that we’ll have to see what happens. Iran and Oman, which occupies the other side of the narrow Strait of Hormuz, are reportedly crafting an interim commitment to partially but not fully open the shipping passageway. Military […] More
Tags: British and Euroland construction PMI results, Central Bank of Brazil, Czech National Bank, French and Italian industrial production, German industrial orders, National Bank of Moldova
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Central Bank Watch
August 5, 2026
Four 25-basis point rate cuts at the Central Bank of Brazil have lowered such to 14.0%, which still remains far above the latest 12-month 4.6% rate of consumer price inflation. Today’s reduction was decided unanimously, and more cautious downward moves are to be expected in coming months. A three percentage point inflation corridor is targeted, […] More
Tags: Central Bank of Brazil
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New Overnight Developments Abroad - Daily Update
August 5, 2026
On the heels of yesterday’s record U.S. equity market closes, financial markets are feeling optimistic. Axios reports that a 60-day deal that would open the Strait of Hormuz involving the U.S., Oman and Iran is very close. Sources in Qatar claim that a draft has been written, and both President Trump and his Treasury Secretary, […] More
Tags: Euroland PPI, July 2026 composite purchasing manager indices, Reserve Bank of India
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New Overnight Developments Abroad - Daily Update
August 4, 2026
Monday’s U.S. stock market rally had been triggered by another last-minute pull-back in President Trump’s threat to annihilate Iran militarily. Yet again, his willingness to give diplomatic talks one more chance was quickly met with a different narrative with Iran that direct talks between the two countries have not resumed. They are only speaking to […] More
Tags: Central Bank of Armenia
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New Overnight Developments Abroad - Daily Update
August 3, 2026
(128) President Trump repeated the prior weekend’s geopolitical gambit. Like then, he had threatened before the weekend that massive military strikes against Iran were imminent, only to rescind that order and announce that a diplomatic approach will be tried instead. In both instances, the price of West Texas Intermediate crude oil has traded 6.8% lower […] More
Tags: Manufacturing PMIs, Turkish CPI and PPI
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Foreign Exchange Insights and Next Week
July 31, 2026
Central Banks: Monetary policy reviews are scheduled in India, Brazil, Mexico, Moldova, Romania, Armenia and the Czech Republic. Holidays & Events: Canada observes an August Civic Holiday on August 3, and OPEC+ ministers meet tomorrow. Purchasing Manager Surveys: Load of July surveys will be reported during the period. Scheduled U.S. Economic Data Releases: Quarterly productivity […] More
Tags: Economic Data Calendar
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New Overnight Developments Abroad - Daily Update
July 31, 2026
What started as a war between the U.S. and Israel on the one hand and Iran on the other has broadened into a regional conflict that threatens to engulf Europe with a triple shipping choke-hold at the Strait of Hormuz, Bab el-Mandeb Strait, and Suez Canal. The price of West Texas Intermediate crude oil climbed […] More
Tags: Bank of Japan, Euroland CPI, Japanese retail sales and industrial production, U.S. employment cost index
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