Brexit and forex

A Dive in German Factory Orders, A Cut in Indian Interest Rates, and Still No Resolution on Brexit

April 4, 2019

German factory orders, which had been expected to edge marginally higher, instead plunged 4.2% in February following a 2.1% drop in January that left the combined January-February average 3.7% lower than the 4Q mean and February’s level 8.4% below a year earlier. Export orders sank 6.0% and domestic demand for capital goods, a leading indicator […] More

Mid-Summer Musing

July 26, 2016

A week from Thursday will mark the midpoint between the summer solstice and autumnal equinox.  In theory, August is a sleepy month when investors and traders take their holidays.  Historically, however, August has been hardly insulated from market volatility or the event risks.  For example, both world wars began in late summer, and Iraq’s 1990 […] More