Archive for July 1st, 2016

Foreign Exchange Insights and Next Week

Next Week

July 1, 2016

Central Bank Action:  Interest rate policy meetings in Australia, Sweden, Poland and Serbia.  Publication of ECB Account, FOMC minutes, Bank of England Financial Stability Report, and Bank of Canada Business Outlook Survey. ECB President Draghi, BOJ Governor Kuroda, and RBA Deputy Governor DeBelle speak publicly. Events and Holidays:  Australian national election on Saturday. U.S. Independence […] More

Deeper Analysis

In June, Factory Activity Quickened in Both the United States and Euroland

July 1, 2016

Euroland’s manufacturing purchasing managers index rose by 1.3 points in June, but that quickening rate of activity expansion was exceeded by a 1.9-point advance in the U.S. PMI to 53.2.  As a result, the spread between those two measures swung from a minuscule Ezone advantage of 0.2 points in May to a still small U.S. […] More

New Overnight Developments Abroad - Daily Update

Big Further Drop in Sovereign Debt Yields

July 1, 2016

A bond market rally based on expected monetary stimulus from a variety of authorities and other pro-growth support has taken hold of world financial markets.  Commodities are up, too.  The dollar is down, and profit-taking in U.S. stocks is indicated despite higher share prices in Asia and Europe. Bank of England Governor Carney gave an […] More