Japanese machinery orders
Little Change Overnight in Most Dollar Forex Values
May 17, 2018
Against other major currencies, the dollar is unchanged against the loonie and yuan, up 0.1% relative to the euro, Swiss franc and kiwi, up 0.3% versus the yen, but down by 0.1% against the Australian dollar and sterling. Bigger dollar moves have occurred against emerging market currencies. The greenback dropped 0.3% against the Indonesian rupiah […] More
Down Day for Stocks and Dollar
April 11, 2018
Military conflict between U.S. and Russian forces in Syria appears at hand. Trump is promising missile strikes, and Russia claims to have the ability to knock them out of the sky before targets are hit. Investors are uneasy that these hostilities will escalate further. U.S. consumer price inflation accelerated further in March in spite of […] More
Pause in the Action
January 17, 2018
Stocks show a calmer, healthier tone overnight following Tuesday’s roller-coaster ride that saw the DOW initially soar over 200 points and break above 26K to 26,086 but ultimately crash to a 10-point loss on the day. Share prices eased just 0.5% in Australia, 0.4% in Japan, 0.3% in South Korea and Singapore but firm 0.2% in […] More
Dollar Slips and Stocks Rise Ahead of Last FOMC Decision of the Yellen Era
December 13, 2017
The dollar fell overnight by 0.7% against the kiwi, 0.6% versus the Aussie dollar, 0.4% relative to sterling, 0.3% vis-a-vis the yen and 0.1% against the euro, Swiss franc and loonie. Core U.S. CPI inflation in November was 0.1 percentage point less than forecast with a rise of 0.1% from October and a 1.7% 12-month […] More
Quiet Start to Wednesday
October 11, 2017
The dollar is marginally softer, with overnight dips of 0.3% against the peso, 0.2% versus the yen and Aussie dollar and 0.1% vis-a-vis the euro and Swiss franc. The dollar also rose 0.4% against the yuan and 0.1% relative to sterling but is flat against the loonie and kiwi. Tensions over Spain’s political situation eased […] More
Some Good News on This September 11th
September 11, 2017
Today is the 16th anniversary of the terrorist attacks on the World Trade Center and Pentagon that killed thousands, but there has so far been no follow-up acts of violence. On the contrary, North Korea failed to test another missile over the weekend, and property damages in Florida have apparently been less than half the […] More
Share Prices Falling
June 12, 2017
There has been a large backlash against populist and extremist politics in both France and Italy over the weekend. In the first round of French parliamentary elections, President Macron’s LREM Alliance appears likely to secure about three-fourths of the seats, the highest percentage for a ruling party in over fifty years. Turnout was marginally lower […] More
Cheaper Dollar as U.S. Political Surprises Mount
May 17, 2017
The dollar fell overnight by 0.7% against the yen, 0.4% relative to the euro, Swiss franc and sterling, and 0.1% versus the kiwi. The dollar alternatively rose 0.4% against the peso, 0.3% versus the Aussie dollar, ad 0.2% relative to the loonie. Ten year German bund and British gilt yields are two basis points lower, […] More
Several Disinflationary Signs Around the World
April 12, 2017
Chinese consumer prices fell 0.3% on month in March and remained below a 1% 12-month trend at 0.9%. PPI inflation settled back to a 2-month low of 7.6%. U.S. import prices posted a monthly drop (0.3%) for only the third time in the past year and a smaller on-year advance of 4.2%. Non-fuel import price […] More
Storm Front Coming to the North-Eastern U.S Corridor
March 13, 2017
The coming week was already shaping up to be laden with market-moving developments such as the Fed’s virtually certain interest rate hike and Dutch parliamentary elections, each set for Wednesday. Now comes word that two storm fronts will be merging within 24 hours, creating blizzard conditions and resulting in a foot or more snow in […] More
