Foreign Exchange Insights and Next Week
Next Week
January 2, 2009
Next week has a huge slate of scheduled data releases in contrast to the thin week just ended. From Euroland comes service-sector PMI readings, investor sentiment, business sentiment, consumer confidence, revised GDP, retail sales, unemployment, consumer prices and producer prices. German industrial production, factory orders, retail sales, labor market statistics and trade figures are scheduled, […] More
Currency Markets in the News
Euroland Draws First Blood
January 2, 2009
The global economy is in a synchronized cycle. That forces analysts to comb meticulously through economic data in an effort to discern those economies where the recession is least and most severe. All will be crippled, but in the land of the blind, the one-eyed man is king. Today’s PMI readings for manufacturing provided the […] More
Foreign Exchange Insights and Next Week
Weekly Foreign Exchange Insights: January 2nd
January 2, 2009
Seasonal distortions are often pronounced in late December (dollar down) and early January dollar up). The dollar fell 2.0% against the euro between mid-December and the end of last month. That was the sixth decline in seven years, eighth drop in ten years, and somewhat greater than the 1.3% average depreciation in the second half […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Dollar and Stocks Open 2009 With Rise
January 2, 2009
Japan and China remained closed, and other markets observing truncated hours on first trading day of 2009. Stocks climbed 4.6% in Hong Kong, 5.0% in Sri Lanka, 3.3% in South Korea, 2.0% in Malaysia, and 1.1% in Indonesia. Australia’s bourse edged 0.2% lower. In Europe, stocks are trading higher by 3.0% in Sweden, 1.9% in […] More
