Japan trade balance
Widening Gap Between Fed and ECB Interest Rate Outlooks, Updated IMF Growth Forecasts, and a Slew of Price Data
April 17, 2024
The dollar and U.S. equities are little changed this Wednesday. Japan’s Nikkei-225 index closed down 1.3%, but share prices rose 2.1% in China and 1.6% in Taiwan. European stocks are up, too. Bitcoin’s price plunged 4.4% overnight, extending its drop over the past five weeks to 17%. WTI oil is down 1.2%, but gold is […] More
Marking Time Ahead of U.S. Data and Xi/Putin Meeting
September 15, 2022
There’s been little financial market reaction from data released overnight. Investors are looking ahead to a slew of U.S. releases later today, including retail sales, import prices, industrial production, the Empire State and Philly Fed monthly manufacturing surveys, and weekly jobless insurance claims. Markets will also be keeping an eye on face-to-face talks later today […] More
Slackening Demand and Confidence But Persistently Red-Hot Inflation as Several Central Banks Unveil Latest Policy Decisions
July 21, 2022
The dollar was already lower when the European Central Bank announced a more aggressive rate hike than implied in previous forward guidance. That move pushed the dollar down further such that it currently shows net overnight drops of 0.9% against the euro and 0.6% against the DXY weighted index. By comparison, the dollar is little […] More
Slew of U.S. Executive Orders and Central Bank Policy Reviews
January 21, 2021
President Biden’s inaugural address yesterday called for national unity to face down the many severe challenges now juxtaposed. 17 executive orders followed to reverse several polices of the Trump era. Contrary to warnings, inauguration day was free of domestic violence. U.S. stocks experienced their greatest advance on a presidential inauguration day since 1985, when Reagan […] More
