Carney
Dollar, Pound and Most Equities Falter as a Ton of Economic Data Got Released
November 14, 2017
The dollar rose 0.7% against sterling while posting losses overnight of 0.7% against the euro, 0.4% versus the Swiss franc, 0.2% vis-a-vis the Australian dollar, and 0.1% relative to the yen, loonie, peso and yuan. The kiwi fell 0.5%. Share prices declined 0.9% in Australia, 0.6% in Indonesia, Singapore and Hong Kong, and 0.5% in […] More
Big Further Drop in Sovereign Debt Yields
July 1, 2016
A bond market rally based on expected monetary stimulus from a variety of authorities and other pro-growth support has taken hold of world financial markets. Commodities are up, too. The dollar is down, and profit-taking in U.S. stocks is indicated despite higher share prices in Asia and Europe. Bank of England Governor Carney gave an […] More
Chinese Equities Record Second Largest Fall This Month
January 26, 2016
The Shanghai Composite index plunged 6.4% to a 13-month low and is now down almost 50% since last June. Although the yuan is unchanged on the day, there’s much concern that it will devalue considerably further given the very high pace of Chinese capital outflows. In other equity market action around the Pacific Rim, stocks […] More
Euro Remains Firm ahead of Draghi Testimony
July 14, 2014
ECB President Draghi will be testifying today before the EU Parliament in Strasbourg, France. Excessive euro strength is a more pressing issue. Federal Reserve Chair Janet Yellen testifies Tuesday on Monetary Policy and the State of the Economy before the Senate Banking Committee. She will reprise that testimony Wednesday before the House Financial Services Committee. […] More
BOE and ECB Meetings on U.S. Independence Day
July 4, 2013
Egyptian President Mursi was pushed out by the military. U.S. markets are closed today for Independence Day, marking the 237th anniversary of the Declaration of Independence signing. The absence of U.S. market leadership may dull market activity today despite central bank policy announcements at the Bank of England and European Central Bank. The U.S. dollar […] More
Focus on Bank of England and ECB
February 7, 2013
The dollar is narrowly mixed with gains of 0.4% against the kiwi, 0.2% versus the euro and yen, and 0.1% against the Australian dollar but declines of 0.3% versus the Swiss franc and sterling and 0.1% relative to the loonie. The yuan is steady. After Wednesday’s 3.8% leap, the Nikkei settled back 0.9%. Elsewhere in […] More
Dollar Gave Back Some of Wednesday’s Advance
March 25, 2010
The dollar has lost 0.7% against the kiwi, 0.6% versus sterling, 0.5% against the Canadian and Australian dollars, 0.4% relative to the Swiss franc and yen and 0.3% against the euro. Aid to Greece will be discussed at today’s EU summit, but don’t be surprised if no new game-changing details emerge. In Asia, stocks fell […] More
