Archive for March 23rd, 2018

Foreign Exchange Insights and Next Week

Next Week

March 23, 2018

Holiday-Shortened Week: The Good Friday/Easter break will deprive trading from full-cylinder power in the latter half of next week. Markets closures on Friday include Great Britain, the United States, India, Germany, Switzerland, Spain, South Africa, Norway, Singapore, New Zealand, Mexico, Indonesia, Hong Kong, France, Italy, Canada, Brazil and Australia. Many markets will remain shut on […] More

Central Bank Watch

Central Bank of Russia

March 23, 2018

The Board of Directors of the Russia’s central bank lowered the one-week repo rate another notch to 7.25% from 7.5% and served further notice in a released statement that they intend to “continue to reduce the key rate and will complete the transition to neutral monetary policy in 2018.” Officials noted that “annual inflation remains sustainably low” and predicted […] More

New Overnight Developments Abroad - Daily Update

Move Out of Risk Assets Extended

March 23, 2018

Stocks slumped 974 points, or 4.5%, overnight in Japan. Equities in the Pacific Rim also lost 3.4% in China, 3.2% in South Korea, 2.8% in Hong Kong, 2.0% in Australia and Singapore, 1.7% in Taiwan, 1.2% in India, and 1.0% in New Zealand. The sell-off continued in Europe with drops thus far today of 1.6% […] More