Overview: Investors are on pins and needles today. Oil prices are trying to stabilize after WTI's outsized 7% fall yesterday, its largest in three years. Global equities are heavier, dragged down by energy, but also larger than expected Q3 contractions in Japan and Germany, and a mixed bag of Chinese data that showed possible stabilization of the industrial sector though weaker consumption.
Read More »
Tag Archive: Japan Gross Domestic Product QoQ
FX Daily, December 08: Brexit Talks Move to Stage II, While Greenback Remains Firm
Sufficient progress will be judged to have been made, and negotiations of the separation between the UK and EU will be allowed to enter the second stage. The formal decision will be made at next week's EU summit. To be sure, "sufficient progress," which the diplomatic-speak that does not mean that any agreement has really been reached, but rather that the UK has made a few concessionary signals.
Read More »
Read More »
FX Daily, March 08: Dollar Bid as Rates Firm
The US dollar is moving higher against nearly all the other major foreign currencies today. As far as we can tell, the driving force remains interested rate considerations. US rates are rising in absolute terms and about Europe and Japan. The US 10-year yield is moving above the downtrend that has been in place since the day after the Fed hiked rates last December.
Read More »
Read More »