Japanese housing starts

Many Markets Still Closed

December 26, 2019

Extended Christmas holidays known in many countries as Boxing Day have kept market action to a minimum. The United States is an exception. U.S. share prices opened modestly higher. Share prices rose 0.9% in China, 0.6% in Japan, 0.4% in South Korea and Turkey but fell 0.7% in India. The dollar rose overnight by 0.4% […] More

Lots of Data Out but Dollar Marking Time Ahead of FOMC Announcement

July 31, 2019

The dollar is unchanged against the euro, Swiss franc, yen, loonie and yuan, 0.2% softer relative to the peso and Australian dollar, 0.1% lower versus sterling and 0.2% higher against the kiwi. Analysts expect a 25-basis point federal funds cut to be announced at 18:00 GMT, and Chairman Powell will begin his press conference at […] More

Quarter-end Data Deluge

June 30, 2015

The dollar is trading with overnight gains of 1.4% against the kiwi, 0.5% relative to the euro and Swiss franc and 0.1% vis-a-vis sterling.  It is unchanged versus the yen and Australia and dollar and down 0.1% against the loonie and yuan. Stocks in China rebounded by a big 6.7%, buoyed by a liquidity injection […] More

A Respite from Market Activity

December 25, 2014

Virtually all markets other than Japan are closed for Christmas today, so currency changes on the wires are not necessarily representative.  The dollar fell overnight by 0.6% against the Swiss franc, 0.4% relative to the euro, 0.3% vis-a-vis the yen, 0.2% versus the Australian dollar and 0.1% against the kiwi and sterling.  The yuan rose […] More

Whole Lot of Data Getting Released

July 31, 2014

The deluge of monthend data releases continued on Thursday, but the dollar hasn’t reacted much, with no net change against the yen, yuan and kiwi, upticks of 0.1% versus the euro, Swissie and loonie, and gains of 0.2% relative to sterling and 0.4% vis-a-vis the Australian dollar. Share prices are mostly lower, but a 1.2% […] More

Focus Returns to Fiscal Cliff Negotiations

December 27, 2012

European markets reopened after the Christmas recess.  Obama is back from Hawaii, and Congress resumes fiscal cliff talks today.  There’s no hope of a “grand bargain.”  Analysts are instead looking for some kind of short-term truce to buy time in January, but so far, neither House Republicans nor the Democrats show a predisposition to compromise […] More

European Share Prices Higher after Drop in Asia

May 31, 2012

May 31st is seeing the typical month-end deluge of economic data, some of which have proved better than expected. The volume of German retail sales rose 0.6% in April on top of May’s 1.6% increase. Euro area CPI inflation slowed more than expected to 2.4% in May from 2.6% in June. Swiss real GDP advanced […] More