No Kidding Around: Many PMIs, Japan’s Tankan, and Interest Rate Decisions in Australia and India

April 1, 2014

Currency markets have hardly reacted to a ton of data on this April Fool’s Day.  The dollar has edged 0.1% higher against the yen, loonie, sterling and Australian dollar and 0.1% lower versus the euro, Swiss franc and yuan.  The Australian dollar is down 0.4% after the RBA’s announcement of an unchanged 2.5% Official Cash […] More

Data Deluge on First Day of Third Quarter

July 1, 2011

The dollar edged up 0.1% against the euro and is trading below 1.45/EUR after touching an overnight low of $1.4553.  The euro’s high in June was $1.4696. Greece has averted a default for now with the positive austerity votes of Wednesday and Thursday.  The Swiss franc has dropped 0.6% against the dollar and 0.5% against […] More

New Jitters About Euroland Peripherals

December 15, 2010

The dollar was buoyed as Moody’s flagged a risk that Spain’s Aa1 sovereign debt rating might get downgraded.  Greece was hit by more worker strikes today, disrupting transportation in that economy.  The U.S. currency rose 0.7% against sterling and the Australian dollar, 0.4% versus the euro and kiwi, 0.3% relative to the Swiss franc and […] More

Bank of Japan Corporate Survey Results Better Than Imagined Three Months Ago

December 14, 2010

11,183 companies participated in the latest quarterly survey by Japan’s central bank.  In the table below which documents the evolution of results, abbreviations used in the first four columns of data stand for big manufacturers (Bm), big non-manufacturer (Bnm), small manufacturers (Sm) and small non-manufacturers (Smn).  Where no “a” or “f” suffix is shown after […] More

Bank of Japan "Tankan" Business Survey: Review

September 28, 2010

Business sentiment improved clearly between June and September.  A marginal deterioration had been predicted in the June corporate survey, but analysts had discounted those projections and were looking for September readings more or less consistent with what the Bank of Japan has just announced.  As in the June survey, today’s report anticipates weaker readings in […] More

Stocks Suffer Further as Third Quarter Begins

July 1, 2010

The Nikkei lost another 2.0% to 9192.  Japanese stocks have plunged 10.2% since June 21 and 18.5% since April 15, roughly reversing half the prior recovery from the low in early March 2009.  Elsewhere in the Pacific Rim, stocks fell overnight by 1.4% in Indonesia and China where a disappointed PMI reading was announced, 1.5% […] More

Bank of Japan Business Survey Results Better Than Expected

June 30, 2010

The so-called Tankan survey, a quarterly snapshot of business confidence, conditions and expectations, has improved sharply and persistently since hitting bottom in the first quarter of 2009.  Gains this past quarter not only surpassed what firms were expecting to occur when last polled three months ago but also exceeded recent projections by street analysts.  This […] More