Turkish CPI and PPI
U.S. Birthday Holiday Underway But Also Many Service Sector Purchasing Manager Surveys Released
July 3, 2026
Overnight dollar movement was generally muted except for a 0.6% drop against the Korean won. The weighted DXY dollar index is down only 0.1%. There have been several significant upward movements of equity markets around the Pacific Rim led by a 5.8% rally in South Korea and including gains of 2.3% in Indonesia, 1.5% in […] More
Strengthening Case for the Federal Reserve to Lift Interest Rates
June 5, 2026
The U.S. Labor Department’s monthly employment situation report for May depicts a stronger labor market situation than realized. A 172k jump in nonfarm payroll jobs was more than double consensus expectations. In addition to upward revisions to the increases in March and April totaling 93k brings the latest three-month average to a robust 188k and […] More
Factory Sector Purchasing Manager Surveys Upstaged By Fresh Tensions in the Strait of Hormuz
May 4, 2026
(141) World oil prices spiked anew at the start of this tenth week since the Middle Eastern war began following reports that Iran shot at a U.S. military boats trying to escort a tanker through the Strait of Hormuz. As 08:00 EDT approached, West Texas Intermediate crude is being quoted at $05.55 per barrel, 3.6% […] More
Good Friday 2026
April 3, 2026
Most markets in Europe and many in the Pacific Rim including Australia, New Zealand, India, Hong Kong, Taiwan, Indonesia and Singapore are closed today for the observance of Good Friday. The U.S. Treasury market and banks will have a shortened day to allow some reaction to U.S. March labor market data due within the half […] More
Softer Dollar, Stronger Equities, and an Australian Central Bank Interest Rate Hike that Was Generally Anticipated
February 3, 2026
The dollar fell most sharply overnight against the Australian dollar (-0.8%) and kiwi (-0.5%) but also dipped 0.1% relative to the Swiss franc and Canadian dollar. There’s been no net change relative to sterling or the euro and a 0.2% rise against the yen. Favorable corporate news played a big role in yesterday’s U.S. stock […] More
Financial Markets React to Madura’s Capture
January 5, 2026
(158) President Trump’s efforts to replace Madura was pitched originally as a solution to the U.S. Fentanyl problem, but the deeper motive of this still unfolding narrative is a gambit to drive up Venezuelan oil production, cheapen the price of fossil fuel energy and drive faster U.S. GDP growth and the development of artificial intelligence. […] More
Another Upbeat Day in the Marketplace in Spite of Ongoing U.S. Shutdown and a Disappointing ISM Non-Manufacturing PMI Report
October 3, 2025
U.S. equities rose further into record territory, led by a 1.2% advance thus far in the small cap-laden Russell 2000 (+1.2%) and a 0.9% climb in the DOW. Key stock markets from other economies have also experienced a fine day, with advances of 2.7% in South Korea, 1.5% in Taiwan, 1.9% in Japan, and 0.6% […] More
Political Uncertainties, GDP and Price Data, and Another Large Batch of PMI Survey Releases
September 3, 2025
Omnipresent political concerns keep chugging along. France and Japan face possible political leadership changes later this month. Tensions are rising between China and the United States. U.S. policies on tariffs, domestic military policing and deportations without due process are being challenged in the courts. Stagflationary news casts some doubt on coming central bank interest rate […] More
Highly Anxious Financial Market Mood as Trump Gives Tariff Go-Ahead
February 3, 2025
(206) The dollar has soared and equity markets have plunged in response to the weekend White House announcement of 25% U.S. tariffs against Canada and Mexico and 10% levy against imports from China to go into effect on Tuesday. A tit-for-tat trade war is feared that may spawn higher inflation and interest rates everywhere. Tariffs […] More
Difficult Session for Chinese Stock Market and Currency
January 3, 2025
The dollar in offshore trading advanced to somewhat above 7.35 yuan, depressing China’s currency to an 18-year low, and the Shanghai Composite equity index tumbled 1.6% after officials let China’s 10-year interest rate slide below previous support levels. Against other currencies, the dollar is lower than Thursday closing levels by 0.4% against the euro and […] More
