Foreign Exchange Insights and Next Week
Next Week
December 26, 2008
The week to January 2nd will be light from a data release perspective and dominated by New Year’s Day, the only holiday observed by all major markets. Nothing of interest arrives from Japan, where markets will be closed on both January 1st and 2nd. Several economies release factory sector PMI results for December next Friday. […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: December 26th
December 26, 2008
Investors typically approach the final calendar week with a forward-looking mind-set, opening positions consistent with how currencies are expected to perform in the coming year. Such a strategy would work if practiced by only a minority but often backfires when everybody does it. The week between Christmas and yearend is driven by psychology, not data, […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Most Markets Still Shut
December 26, 2008
Japan released even more data Friday than Thursday, but market closures continued in Australia, New Zealand, the Philippines, Hong Kong, and Sri Lanka. Britain celebrates Boxing Day, and most European markets and Canada will remain shut. U.S. markets have an early close. The dollar is mostly lower, with drops of 0.6% against sterling, 0.4% veresus […] More
