U.S. durable goods orders
Suspense as Trump’s Deadline Draws Nearer
April 7, 2026
The deadline for Iran to meet all of Trump’s demands is now just twelve hours away. Four hours of unprecedentedly massive destruction to the country’s power and bridge infrastructure will ensue. ….Or the U.S. president might move the goal posts and reset the clock, as he’s done before. In the meantime as this state of […] More
Weaker Dollar to Start final Week of January
January 26, 2026
(155) Ahead of a possible U.S. government shutdown at the end of this month and on the heels of another killed civilian in Minneapolis, the dollar by early afternoon in NY had depreciated 1.2% against the yen, 0.8% versus the Swiss franc, South Korean won and kiwi and 0.5% relative to the euro and sterling. […] More
Dollar and 10-Year Sovereign Debt Yields a Bit Higher, But Bitcoin and Gold Prices Slip
July 25, 2025
The weighted DXY dollar index climbed 0.4% overnight, lifted by a 0.5% advance against the yen and sterling but a smaller dollar gain of 0.2% relative to the euro and Swiss franc. The dollar rose 0.4% against the Australian dollar, 0.3% versus the Canadian and New Zealand dollars, and 0.2% against Mexico’s peso. Ten year […] More
Tentative Black Sea Ceasefire, Lower-Than-Forecast British Inflation & Chancellor Reeves to Augment Spending Cuts
March 26, 2025
A tentative U.S.-brokered deal to end Black Sea combat and attacks on energy infrastructure has been announced between Ukraine and Russia, provided the U.S. reduces economic sanctions against Putin’s state. British Chancellor of the Exchequer Reeves is now delivering her Spring Economic Statement, updating forecasts and unveiling additional spending cuts. Separately, British February CPI figures […] More
Some Upbeat U.S. Data Gives Pause to Speculation that Fed Might Cut Rate by as Much as Half Percentage Point in September
August 26, 2024
A 9.9% leap in U.S. durable goods orders in July was twice analyst expectations and more than reversed June’s 6.9% retrenchment. Core non-defense orders for capital goods other than aircraft actually dipped 0.1%, however. Separately, the Dallas Fed’s monthly survey of manufacturers rose sharply to a 19-month high in August. The U.S. data stalled the […] More
Worried but Bottom-Fishing After a String of Down Weeks
February 27, 2023
Bearish European reported today didn’t deter investors from testing the upside potential of share prices. European stock markets prior to the U.S. open were up by 0.7% in the U.K. and 1.4-1.9% in Germany, France, Italy and Spain. U.S. equity futures show more modest gains, and stock markets in the Pacific Rim closed down this […] More
Rundown of Tuesday U.S. Data Releases
September 27, 2022
Home price inflation decelerated in July to a 15-month low of 16.1% according to the Case-Shiller index and to a 17-month low of 13.9% meaured by the FHFA index. The Dallas Fed manufacturing survey index weakened 4.3 points to a 2-month low of -17.2 in September, but the Richmond Fed manufacturing index recovered eight index […] More
Continuing Dollar Uptrend
August 24, 2022
Investors remain focused on the Federal Reserve’s annual symposium at Jackson Hole, Wyoming, which starts tomorrow. This coming event has put the theme of tightening monetary policy into the spotlight. The Fed has been at the forefront of the fight against inflation, and the dollar continues to be well-bid, rising another 0.5% overnight against its […] More
Covid and Ukraine War Remain in the Spotlight
April 26, 2022
The uncertain evolutions of the war in Ukraine, Covid-19 pandemic and central bank interest rates are perpetuating erratic financial market movements. Stock markets are behaving diversely today, with drops of 1.4% in China, 2.1% in Australia, 0.8% in New Zealand and around 0.5% in U.S. futures countering gains of 1.4% in India, 0.4% in Japan […] More
Further Recovery in Risk Appetite Ahead of Holiday
December 23, 2021
Most major markets, but not Japan’s, will be closed partially or fully tomorrow for Christmas Eve. As a result, some data were released earlier than normal today. Covid developments today were constructive on the whole. Although new cases continue to crest on the Omicron wave, the latest variant doesn’t appear to be as lethal as […] More
