Archive for March 1st, 2018

Foreign Exchange Insights and Next Week

Known Unknowns

March 1, 2018

When you think about the number of meaningful changes with imprecise consequences, it’s no wonder that world financial markets are more volatile in 2018 and why investors remain very jittery. Four of the changes involve U.S. economic policies. The earliest to be undertaken was broad government deregulation including but not limited to the activities of […] More

Central Bank Watch

National Bank of Ukraine

March 1, 2018

A fourth sharp central bank interest rate hike since late October was been engineered in Ukraine. It’s size like the one last October 26th and a second move in mid-December was by 100 basis points. The third hike of this cycle was by 150 basis points and came on January 25th. Ukraine’s policy interest rate […] More

Deeper Analysis

U.S. Minus Euro Area Manufacturing PMI Spread Swings into Positive Territory

March 1, 2018

The ISM-compiled¬†manufacturing purchasing managers index exceeded the IHS-compiled Euroland PMI in February for the first time since September. Their differential was +2.2 points compared to -0.5 in January, -1.3 in December and -1.9 points in November. At respective February readings of 60.8 and 58.6, manufacturing in both economies is expanding robustly, but the faster growth […] More

New Overnight Developments Abroad - Daily Update

Swoon of Stocks Continues Amid More Released Data and Ahead of Round 2 of the Powell Testimony

March 1, 2018

The newly minted Fed Chairman Jerome Powell will reprise his congressional Humphrey-Hawkins testimony at 10:00 EST, this time before the Senate Banking Committee. In the past two sessions since he testified before the House Financial Services Committee, the S&P and DOW dropped by 2.2% and 2.6%. Stocks overnight slumped 1.6% in Japan, 0.7% in Australia, […] More