Archive for August 8th, 2016

Foreign Exchange Insights and Next Week

Sterling’s Been a Much Traveled Currency

August 8, 2016

From $1.5019 in Far Eastern trading early on June 24th just before the Brexit referendum result was known, the pound fell as much as 14.3% to a low on July 7th of $1.2878. It’s unlikely that the drop has run its course. Much will depend on the details of Britain’s departure from the European Union […] More

New Overnight Developments Abroad - Daily Update

Post-Jobs Report Rally Extended

August 8, 2016

World stocks, oil, and emerging market currencies rose in further reaction to Friday’s better-than-expected U.S. jobs data that showed a 255K increase in employment last month and marginally stronger wage growth. Share prices advanced 2.4% in Japan, 1.7% in Hong Kong, 0.9% in China, 0.7% in Australia and South Korea, 0.6% in Taiwan and 1.5% […] More