Archive for July 2018

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

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