Archive for October 3rd, 2014

Foreign Exchange Insights and Next Week

Next Week

October 3, 2014

Central bank interest rate policy meetings are scheduled next week in Australia, Japan, Britain, Indonesia, South Korea, Poland and Peru.  Minutes from the September FOMC and Bank of Japan Board meetings will be published.  Finance ministers and central bank leaders from the Group of Twenty meet Thursday in Washington ahead of the start of the […] More

Deeper Analysis

U.S. and Euro Area Service-Sector PMIs Declined in September

October 3, 2014

The U.S. non-manufacturing purchasing managers index declined a point to 58.6, while the euro area services PMI fell 0.7 to 53.1.  The 6.2-point differential between them was similar to the 6.3-point manufacturing PMI spread.  The sum of the two spreads, now +2.5 points had been negative as recently as February. The U.S. PMI was a […] More

New Overnight Developments Abroad - Daily Update

Important Data to Digest

October 3, 2014

Friday sees the release of service-sector PMI surveys for many countries, Euroland retail sales, the U.S. monthly jobs report, and U.S. and Canadian trade figures.  Investors also continue to assess yesterday’s ECB press conference and the tense and fluid situation in Hong Kong. Markets remain closed in China for the National Holiday and are closed […] More