Larry's Blog
Second Place Yankees Achieved Greater Success than Red Sox against Top Teams
July 18, 2018
The New York Yankees at the all-star break have the second best record in major league baseball, winning 65.3% of the 95 games that they have played. The Yankees play in the same Eastern Division of the American League as do the Red Sox, and a fairly significant gap between their records has developed since […] More
New Overnight Developments Abroad - Daily Update
Dollar Rises as Powell Testimony Continues
July 18, 2018
The dollar is unchanged against the yen but extended its rise otherwise by gaining a further 0.6% against sterling, 0.3% versus the loonie, Aussie dollar and yuan, 0.2% relative to the euro and 0.1% vis-a-vis the Swiss franc and kiwi. The U.S. currency also strengthened overnight against a broad spectrum of emerging market currencies like […] More
New Overnight Developments Abroad - Daily Update
Dollar Higher on News of Industrial Production Rebound and Amid Powell Testimony
July 17, 2018
The dollar is trading above Monday closing levels by 1.0% against the Swiss franc, 0.6% versus the yen and sterling, 0.4% vis-a-vis the Australian dollar and 0.2% relative to the euro, loonie, yuan and peso. U.S. industrial production rebounded 0.6% in June from a 0.5% decline in May. Factory output advanced 0.8%, and overall capacity […] More
Larry's Blog
Red Sox Face a Tougher Schedule Going Forward
July 16, 2018
If the 2018 major league baseball season ended at the all-star break, the Red Sox record against the nine other teams to make post-season play would be merely 10 wins and 10 loss, warranting a win-some-lose-some grade of C. To be sure, the Red Sox at 68-30 have a better overall record than the other […] More
Larry's Blog
Few Red Sox Weaknesses
July 16, 2018
The Red Sox reached Major League baseball’s all-star game break with a combination of relentless hitting and a stable of top pitchers. The Sox sport a team batting average of 0.272, 0.011 better than the next highest BA in the American league, and they have the hitters with the top and third highest individual batting […] More
New Overnight Developments Abroad - Daily Update
Dollar Eases a Tad In Spite of Divergent Reported Data
July 16, 2018
The dollar declined 0.6% against the peso, 0.4% versus the Swiss franc, 0.2% relative to the euro, kiwi, loonie and sterling, and 0.1% vis-a-vis the yuan and Australian dollar. With Japanese markets closed for Marine Day, the dollar remained unchanged against the yen. Stocks in the Pacific Rim declined 0.9% in Singapore, 0.7% in Indonesia, […] More
Larry's Blog
Baseball All-Star Break
July 15, 2018
In part, I was attracted to a lifetime career as a currency market watcher and analyst because of an earlier passion for major league baseball. Both fields yield reams of data that evolve on a daily basis. Following day to day changes in the rankings of the European Monetary System felt similar to monitoring day […] More
Foreign Exchange Insights and Next Week
Next Week
July 13, 2018
Central Banks: Monetary policy reviews in South Africa and Indonesia. Jay Powell delivers semi-annual Humphrey Hawkins testimony to Senate Banking Committee on Tuesday and House Financial Services Committee on Wednesday. Fed Beige Book and minutes from the July Board meeting of the Reserve Bank of Australia will be published. Events and Holidays: A meeting of […] More
New Overnight Developments Abroad - Daily Update
Dollar Up, Stocks Listless, and Sovereign Debt Yields Lower as Week Draws to an End
July 13, 2018
The dollar rose overnight by 0.4% against the kiwi and yuan and by 0.2% relative to the euro, loonie, Swiss franc, Aussie dollar and sterling. The dollar dipped 0.2% versus the peso and 0.1% against the yen. The main pieces of economic news out today show A 67% widening of the Chinese global trade surplus […] More
New Overnight Developments Abroad - Daily Update
Awaiting China’s Response on Tariffs and Watching Price Data
July 12, 2018
Today saw more hope than on Wednesday that officials in Beijing will take a step back rather than escalate the trade war with the United States following the latest tariff increases proposed by President Trump. Perceptions on this issue remain highly fluid, however, and could turn gloomier very quickly. Share prices advanced 2.2% in China, […] More
