Archive for October 4th, 2019

Foreign Exchange Insights and Next Week

Next Week’s Menu: October 5-11

October 4, 2019

Central Banks: Monetary policy meetings in Serbia, Peru, Israel and Sri Lanka. Minutes to be released from the most recent Federal Reserve and European Central Bank policy reviews. Powell, George, Evans and Kashkari are some to the Fed officials speaking publicly next week, and Bank of England Carney and Bank of Japan Board member Amamiya […] More

Central Bank Watch

Another Central Bank Rate Cut in India

October 4, 2019

The Reserve Bank of India cut its benchmark repo interest rate for the fifth time since February. Today’s reduction to 5.15% was 25 basis points, and the total decline of all five moves has been 135 basis points in size. The reverseĀ  repo rate also was trimmed by 25 basis points to 4.90%. A statement […] More

New Overnight Developments Abroad - Daily Update

Investors Uneasy Awaiting U.S. Jobs and Trade Data

October 4, 2019

Today’s big question is whether the U.S. jobs statistics due in an hour corroborate other weak data released during the past month. Yesterday brought stunning news that the non-manufacturing purchasing managers index slumped 3.8 points in September to a 3-year low and embodied drops of 6.3 points in production and 6.6 points in new business. […] More