Archive for February 1st, 2013

Foreign Exchange Insights and Next Week

Next Week

February 1, 2013

Central bank interest rate policy meetings are scheduled next week in Euroland, Britain, the Czech Republic, Poland, Romania, the Philippines, Australia, Iceland and Peru.  There is a two-day conference of the European Council at the end of the week, and New Zealand markets will be closed for holiday on Wednesday. Service sector purchasing manager survey […] More

Deeper Analysis

U.S. and Euroland Manufacturing PMIs

February 1, 2013

The differential between the U.S. and Ezone factory purchasing manager indices widened 1.1 points in January to a 3-month high.  Euroland’s index advanced 1.8 points to 47.9, representing the smallest rate of contraction since last February.  But that improvement was exceeded by the U.S. index that climbed 2.9 points to 53.1.  On a monthly average […] More

New Overnight Developments Abroad - Daily Update

Fresh Data Supports Euro Uptrend

February 1, 2013

The euro touched fresh highs of $1.3676 and JPY 126.19, while the yen sank to 92.31 per dollar. Lots of data released: manufacturing PMIs, Ezone CPI and unemployment, Japanese labor statistics and household spending, and Australian  quarterly consumer prices.  Still to come: U.S. Labor Department jobs report. manufacturing PMI, and U. Michigan/Reuters consumer sentiment index. […] More