Free Registration Required
Currency Thoughts has attracted a wide variety of regular readers as well as casual visitors.
In order to provide more focused service we are now requiring registration for this feature.
Many professionals involved in FX trading as well as economists in academia rely on this feature to begin their day. It is a comprehensive summary and examination of what data are out, what that data mean, what important market moving statements have been made, and what other important events might impact the day.
This summary, compiled by an analyst with the experience and perspective to prioritize and organize, supports an informed and articulate approach to each new day's FX activities.
A registration process will enhance our ability to identify our readers and focus on their interests and concerns.
Registration is free, fast and private. Review our privacy policy here.
Click here to register.
Registered users, please click here to log in.
November 21, 2023
The dollar fell overnight by 0.7% against the yuan, 0.5% versus the yen but just 0.2% relative to sterling and 0.1% against the euro and Swiss franc. Investors await the release at 20:00 GMT today (15:00 EST) of FOMC minutes. Ordinarily a Wednesday event, such are being released a day early due to the upcoming […] More
Tags: FOMC Minutes, hyperinflation in Lebanon, U.S. existing home sales
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Dollar Slightly Lower in Pre-Thanksgiving Trading
November 20, 2023
The dollar fell overnight by 1.0% against the yen, 0.7% versus the kiwi, 0.6% vis-a-vis the Australian dollar and Chinese yuan, 0.3% against the Mexican peso, 0.2% versus the Swiss franc and 0.1% relative the the euro and sterling. Data and event highlights this week will include Federal Reserve FOMC minutes, the British Autumn Statement […] More
Tags: Argentina presidential election, Euroland construction output, German PPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Dollar Opens Week of Thanksgiving with a Dip
November 17, 2023
With the Thanksgiving holiday less than a week away, 2023 is moving into the home stretch with plenty of unanswered questions. Investors wonder how the twin wars in Ukraine and Gaza will resolve and whether the federal funds rate has in fact crested and, if so, how long it will stay at its peak. Will […] More
Tags: British retail sales, Chinese foreign direct investment, Euroland CPI and current account
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Softer Growth Into the Holidays
November 16, 2023
In addition to the usual Thursday weekly report on jobless insurance claims, the U.S. data menu features import prices and industrial production and also includes the Philly Fed and K.C. Fed manufacturing surveys, the NAHB monthly housing market index, capacity utilization, and Treasury-compiled capital flows between the U.S. and other countries. So far, financial markets […] More
Tags: Australian unemployment, Bangko Sentral Ng Pilipinas, Japanese trade balance and machinery orders
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Awaiting Several More U.S. Data Releases Scheduled Today
November 15, 2023
The U.S. producer price index dropped 0.5% on month (most in 42 months) and recorded a 3-month low of 1.3% when compared to the same month a year earlier. Core producer prices — unchanged versus September and +2.4% year-on-year — was 0.3 percentage points below expectations. U.S. October retail sales contracted by a smaller-than-anticipated 0.1% […] More
Tags: Euroland trade and industrial production, Japan GDP, U.S. PPI and retail sales
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on More Favorable Data Reported for the U.S.
November 14, 2023
Analysts expect to learn of a further dip in U.S. inflation last month shortly. While waiting for confirmation, financial markets around the world marked time overnight. Dollar changes against other major currencies were held to plus or minus 0.2%. U.S. stock futures are likewise steady. Share prices in the Pacific Rim closed up 0.3% in […] More
Tags: British labor market data, Euroland and German ZEW expectations index, Euroland GDP and employment growth, Swiss PPI, U.S. CPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on U.S. CPI Figures about to Be Released
November 13, 2023
The dollar edged 0.2% higher overnight against the Japanese yen, Canadian dollar, Swiss franc, and both the Aussie and New Zealand currencies. The dollar firmed 0.1% against the euro but slid 0.1% relative to sterling. Share prices in the Pacific Rim closed mixed, with gains of 1.3% in Hong Kong and 0.9% in Taiwan but […] More
Tags: German current account, Japanese PPI, Moody's
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Potentially Momentous Week Starts Quietly
November 9, 2023
Fed Chairman Powell‘s remarks yesterday didn’t touch on current monetary policy, but he’ll be speaking publicly again today. Investors are hoping for clarification regarding what the Fed is likely to do. Two earthquakes of slightly more than 5.0 on the Richter scale in the oil-producing region of Texas injects confusion into the next move in […] More
Tags: China CPI and PPI, National Bank of Serbia
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Continuing Uncertainty Saps Financial Markets of Direction
November 8, 2023
Federal Reserve Chairman Powell is scheduled to speak today at the central bank’s Research & Statistics Division centennial conference. Vice Chairman Jefferson also will be making remarks there. Remarks by Fed officials since Powell’s press conference on November 1 have tended to be more hawkish than the perceived message of the FOMC a week ago, […] More
Tags: Euroland retail sales, Fed Chairman Powell, German CPI
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Marking Time Ahead of Powell’s Speech at 13:00 EST
November 7, 2023
A big takeaway from the 1970s is that inflationary periods evolve in waves when monetary policy is sensitive to signs of weakening growth. That is why central bankers for the past year have been emphasizing a need not just for actual and expected price deceleration but strong confidence that inflation will return all the way […] More
Tags: Euroland PPI, German and Spanish industrial production, Reserve Bank of Australia, U.S. and Chinese trade balances
Posted in New Overnight Developments Abroad - Daily Update | Comments Off on Lessening Confidence that U.S., European, or Japanese Central Banks Will Ease Monetary Policy Soon or By Much
