German industrial orders

Somewhat Weaker Dollar

April 8, 2021

The dollar is trading 0.2% lower against its DXY weighted index and versus the loonie, Swiss franc, sterling, Turkish lira and Mexican peso. Larger drops include losses of 0.6% versus the yen, 0.5% against the kiwi and yuan, and 0.4% vis-a-vis the New Zelanad dollar. No net change against the euro limited the weighted dollar’s […] More

Fed’s Inaction on Rising Long-Term Interest Rates Sends Dollar Higher

March 5, 2021

Investors had been hoping to hear some voiced protest against the steepening U.S. yield curve from Fed Chairman Powell’s speech yesterday, but it wasn’t to be. Powell expressed a lack of worry about the development, while reaffirming that Fed tightening is years away even if U.S. employment and price growth outpaces the path assumed by […] More

Continuing Shift into Riskier Assets

February 5, 2021

It’s been another up-session for equities. Markets closed up 1.5% in Japan, 1.1% in South Korea and Australia, and 0.6% in Taiwan and Hong Kong. Market gains today so far exceed 1.0% in France, Italy, and Spain, and U.S. futures are up about 0.4% following yesterday’s senate partisan vote supporting President Biden’s $1.9 trillion proposed […] More

Stocks Up, Dollar Marginally Lower, and Trump Out of the Hospital

October 6, 2020

Share prices overnight rose 1.5% in India, 1.2% in Taiwan, 0.8% in Indonesia, and 0.5% in Japan. Markets have also climbed 0.7% in New Zealand and 0.3% in Australia. In Europe so far, equities have risen 1.0% in Spain, 0.8% in Italy , 0.5% in France, 0.3% in Germany but just 0.1% in Great Britain. […] More

No U.S. Fiscal Package Yet as New Jobless Claims Exceed 1 Million for 20th Consecutive Week

August 6, 2020

Congressional talks on an additional fiscal stimulus reportedly remain far apart. The hope has been to secure agreement by tomorrow. Global Covid-19 cases just rose above the 19 million mark, and the U.S. total is closing in fast upon 5 million confirmed infections. Although more than 200k less than forecast, new U.S. jobless insurance claims […] More

Greater Focus on the Economic Devastation of the Covid-19 Pandemic

May 6, 2020

The dollar appreciated overnight by 0.7% against the Mexican peso, 0.5% versus the British pound and Chinese yuan, 0.4% relative to the euro, 0.3% vis-a-vis the loonie, but just 0.1% against the Swiss franc and Aussie dollar. The dollar also lost 0.3% against the Japanese yen. Japanese markets remained shut for the last of the […] More

Markets Turning Increasingly Disorderly

March 6, 2020

Share prices are down over 3.0% in the U.K., France, Germany, Spain, Italy, and Switzerland even though a decent U.S. labor market report is anticipated. Equity markets in the Pacific Rim closed down 2.7% in Japan, 2.8% in Australia, 2.5% in Indonesia, 2.3% in India, 2.2% in South Korea, 2.0% in New Zealand and 1.9% […] More

Stocks and Dollar Up in Spite of Continuing Coronavirus Worries

February 6, 2020

Share prices today by 2.6% in Hong Kong, 2.4% in Japan, 1.7% in China, 1.5% in Taiwan, 1.0% in Singapore, 1.1% in Australia and 0.9% in South Korea and New Zealand. The German, French and Spanish stock markets are 0.7-1.0% higher. Although up just 0.3%, the U.S. market indices have set record highs. Today’s dollar […] More

A Steady Dollar

November 6, 2019

The dollar on balance remains near Tuesday closing levels. Gold is 0.3% firmer. The spate of recent increases in 10-year sovereign debt yields was reversed today with 3-basis point declines in U.S. Treasuries and British gilt yields and a dip of 1 basis point in the 10-year German bund yield. The Japanese 10-year JGB yield, […] More

Unsettling Geopolitical News Over the Weekend and Some Weak Data Released Today

October 7, 2019

The Brexit deadline is now 24 days away, and  British Prime Minister Johnson is still insisting on leaving the EU at monthend with or without a deal. He’s unwilling to compromise further. U.S.-Sino trade talks resume Thursday, but it’s reported that while the U.S. wants a comprehensive agreement, China seeks a more limited scope in […] More

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