Archive for May 25th, 2015

Foreign Exchange Insights and Next Week

Summer Season

May 25, 2015

The solstice that kicks off astronomical summer still lies almost a month away, but summer for currency market participants has just begun.  In foreign exchange, the year divides into three seasons, not four:  1) before the U.S. Memorial Day holiday, 2) the summer, and 3) what’s left of the calendar year after the Labor Day […] More

Central Bank Watch

Bank of Israel Keeps Existing Policy Stance

May 25, 2015

In a statement affirming the appropriateness of Israel’s 3-month old 0.10% central bank interest rate, officials noted the current sub-zero rate of CPI inflation, 2.1 percentage points below the inflation target range of 1-3%, continuing moderate growth in real GDP, and shekel appreciation since the prior month’s meeting amounting to 3% against the dollar, 1.3% […] More

New Overnight Developments Abroad - Daily Update

Multiple Holidays Dampening Market Activity

May 25, 2015

British markets are closed today for the spring bank holiday. U.S. markets are closed for Memorial Day. A number of northern European markets including France, Germany, Denmark, Norway, Iceland, Austria, The Netherlands, and Belgium are shut too in observance of Whit Monday. The dollar traded under 1.10 per euro to a low of $1.0959 and […] More