Select Page

Factory PMIs Released and High Hopes Regarding U.S. Jobs Report

Narrow net changes in the dollar (+/- 0.2%) characterize most key relationships. A 0.5% rise of the yuan is an exception. Solid gains in European stocks can be seen, including 0.9% in France, 0.8% in Germany, 0.6% in Italy and 0.3% in Great Britain. Indian, Chinese and Japanese stock markets rose by 0.7%, 0.2% and […]

Firmer Dollar on this Last Day of August

The dollar climbed overnight by 0.8% against the kiwi, 0.4% relative to sterling, 0.3% versus the peso, and 0.2% vis-a-vis the euro, yen, Swissy, Canadian dollar and Australian dollar. The greenback also edged up 0.1% against the yuan. Gold dipped 0.2%. Lots of data reported today. Stocks were mixed overnight in Asia but are mostly […]

A Somewhat Corrective Wednesday in the Market

The dollar recovered, sovereign debt yields rose and so have European and Asian equities overnight. The dollar climbed 0.4% against the euro, 0.3% versus the yen, 0.2% vis-a-vis the loonie, Swissy, and kiwi, and 0.1% relative to the Australian dollar. The dollar has dipped 0.1% versus the yuan and peso and is unchanged against sterling. […]

The Wrath of Nature and North Korea Sends Markets into a Tizzy

So much for North Korean restraint in the face of Trump’s threat of “fire and fury” against that regime. North Korea fired a missile last night that sailed over Japan, seemingly calling the U.S. president’s bluff to prove how tough he can be. Meanwhile, Harvey continues to batter the Texas coast and is forecast to […]

Catastrophic Texas Weather Depresses WTI Oil Price

The Texas coast is experiencing record flooding. West Texas Intermediate crude oil dropped 0.8% to $47.49 per barrel. The Dallas Fed manufacturing index will be reported later today but is a dated report already in light of Hurricane Harvey’s damage. The U.S. advance trade deficit estimate also arrives today. The speeches by Draghi and Yellen […]

Pin It on Pinterest

%d bloggers like this: