German consumer confidence
A Market Pause While Waiting for Other Shoes to Drop
February 23, 2022
Continental European share prices are up 0.6-0.9% so far today in Germany, France, Italy, Spain and Switzerland. Futures trading in the S&P 500 and Nasdaq point to rebounds of 0.6% and 1.0%. In Pac Rim stock market trading, China and Indonesia closed up 0.9%, Hong Kong and Australian recovered 0.6%, and Japan didn’t trade due […] More
Dollar Leaped 1.2% Overnight to 19-Month High
January 27, 2022
Fed Chairman Powell’s implication that Fed tightening in 2022 will exceed market expectations lit a flame under the dollar, which overnight rose 1.2% on a weighted basis to its best level since June 28, 2020. The dollar climbed 0.7% against the euro and Swiss franc, 0.5% relative to the yen, kiwi and sterling, and 0.4% […] More
Marking Time as Drama at Jackson Hole and Kabul Unfold
August 26, 2021
The St. Louis and Kansas City Federal Reserve District presidents, who represent predominately Republican regions of the United States, publicly expressed their personal desires to see quantitative tapering begin this autumn, and Bullard of St. Louis added his hope that an interest rate hike be done before the end of 2022. The annual central banking […] More
Two-Day FOMC Meeting Ends Today with Likely Same Dovish Message
July 28, 2021
Against the backdrop of rising Covid-19 infections in the United States, this isn’t the time for the Fed to express a lot of concern about inflation or to show greater urgency as official begin to contemplate a plan to taper monetary stimulus. In the three days of July 25-27, new U.S. coronavirus cases averaged 57.3k […] More
Markets Looking for Clues to How Central Banks React to Spike in Inflation
May 27, 2021
In analyzing foreign exchange movement, the calendar year divides into three seasons, with the middle summer period –when trading volume oftentimes thins and dollar movements can be erratic and unrepresentative at times — lying between the U.S. Memorial Day and Labor Day weekends. The dollar is approaching the end of the winter-spring with a trivial […] More
After U.S. Pandemic Relief Package, There’s Been Little change in Dollar, U.S. Stock futures, or 10-Year Treasury Yield
December 22, 2020
The dollar shows no net overnight movement against the yen, Swiss franc or loonie. The greenback gained 0.4% against the kiwi, 0.3% versus the Aussie dollar and 0.2% relative to sterling but slipped 0.1% vis-a-vis the euro and Chinese yuan. Ten-year U.S. Treasury, German bund and Japanese JGB yields remain unchanged. Their British counterpart rose […] More
Investors Eyeing Three Threats
October 22, 2020
The uncertain U.S. election outcome now just twelve days away continues to have markets on tenterhooks. The final Trump-Biden debate is tonight at 21:00 EDT. U.S. Justice Department officials have found evidence of attempted cyber interference in the result by Iran and Russia. Worsening Covid-19 trends are a second source of investor anxiety. More than […] More
Firmer Tone Wednesday in Equities and the Dollar
September 23, 2020
European share prices so far today show gains of 2.1% in the U.K., 1.6% in Spain, 1.5% in France, 1.4% in Germany and 1.1% in Italy. Equities also rebounded 2.4% in Australia, 1.1% in New Zealand, and 0.7% in Singapore but dipped 0.1% in Japan whose market was closed Monday and Tuesday for holidays. U.S. […] More
Broadly Softer Dollar amid More Hopeful Investor Mood
May 26, 2020
The evolution of the Covid-19 pandemic remains highly uncertain, but investors have chosen hope over fear at least for a day or so. Economies are being reopened at varying speeds, and there has been some encouraging news regarding vaccine development. Released economic data have confirmed improvement in many cases, meaning a slower implosion rather than […] More
Dollar Mostly Unchanged Overnight, Share Prices and Sovereign Debt Yields Slip a Bit
November 26, 2019
The dollar is unchanged from Monday closing levels against the yen, Swiss franc, kiwi and Australian dollar and has moved no more than 0.1% versus the euro, loonie, yuan and peso. A bigger dollar change of 0.4% occurred against sterling. The 10-year British gilt yield fell three basis points. Ten-year U.S. Treasury, German bund, and […] More
