Japanese small business sentiment

Looking for U.S. Data to Provide Today’s Market Guidance

December 22, 2015

Revised U.S. GDP heads a bunch of data releases later this morning that also includes existing home sales, the Richmond Fed manufacturing index, home prices, and weekly Johnson-Redbook chain store sales.  The GDP revision is likely to show less growth than reported initially. The Australian and New Zealand dollars were well bid overnight, climbing 0.8% […] More

IFO Monthly Report and a Setback in the Greek Talks

June 24, 2015

Yesterday’s proposal by Greek Prime Minister Tsipras was not accepted by all the Europeans.  News of this setback sent share prices down 3.8% in Greece and 0.9% in Germany, Spain and Italy.  Stocks fell also by 0.5% in France and Switzerland and by 0.1% in Great Britain.  The Greek fixed asset yield spread above Germany […] More

Little to Report on the Day Before Christmas

December 24, 2014

Deja Vu Item:  In a different suburb of St. Louis, Missouri, there’s been another fatal shooting of a black youth by a white cop. The dollar edged 0.2% lower overnight against the yen, euro, Swissie, kiwi and sterling and also slid 0.1% versus the loonie, Australian dollar and yuan. Many markets closed early for Christmas […] More

Little Change in the Dollar Ahead of U.S. Data

May 27, 2014

The dollar was narrowly mixed overnight, with gains of 0.2% against the yuan and 0.1% relative to the kiwi, Swissie and sterling, no change versus the yen and euro and dips of 0.2% vis-a-vis the Australia and dollar and 0.1% relative to the Canadian dollar. There is a busy U.S. data release calendar this Tuesday, […] More

Little Reaction to Unexpected Data Results

March 25, 2014

The German IFO Institute business climate index fell in March for the first time since October and by more than forecast.  Such printed at a two-month low of 110.7 after 111.3 in February.  While current conditions went up 0.8 points, business expectations fell 1.9 points to a 5-month low of 106.4.  The biggest adverse swing […] More

Sharp Decline in Chinese Yuan to a Four-Month Low

February 25, 2014

The yuan weakened 0.4% against the dollar, arousing some suspicion that Beijing officials may be orchestrating the slide as a protest against rising strains with the United States over a variety of geopolitical matters.  Share prices in China continued their retreat, falling by a further 2.6%. Bank of England Monetary Policy Committee member Ian McCafferty […] More

Boxing Day Observances Keep Markets Quiet

December 26, 2013

A mixed dollar shows gains of 0.3% against the yen and loonie, 0.2% versus the Swiss franc and kiwi and 0.1% relative to the yuan and euro but declines of 0.7% against sterling and 0.5% vis-a-vis Australian dollar. Having climbed above 16,000 on Wednesday for the first time since December 2007, Japan’s Nikkei rose another […] More