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The dollar traded moderately lower today in quiet trade ahead of BoJ and ECB policy decisions this week, the upcoming election in Greece, and with U.S. markets set to be closed for the Martin Luther King holiday. EUR-USD has ebbed back under 1.1600 after capping out at 1.1628. Read more
The dollar traded steady-to-softer. USD-JPY ebbed to a low of 116.92 before establishing a narrow range within 117.00-117.24. EUR-USD edged higher, to the 1.1580 area. The main news today was a 7.7% dive in the Shanghai Composite index, which is the biggest one-day falls since June 2008. Read more
The following economic releases will have a disproportionate impact on the markets next week: Monday Read more
Monthly December reports reported in the last week were mixed. University of Michigan consumer sentiment rocketed to close to 40 year highs, ex- the late 90s tech boom. The JOLTS jobs report was positive. Both PPI and CPI declined, which I am scoring as a significant positive due to the big decline in gas prices. Read more
The dollar made gains through the N.Y. morning session on Friday, heading to 11-year lows of 1.1460 versus the euro, and climbing over 117.75 against the yen. Cable headed briefly under 1.5100, as USD-CHF charged up to near 0.8640 from lows of 0.8450. Read more
Sometimes I feel like the Sisyphus of economic analysis. There is so much bad information out there, even from well-known and widely-followed sources that it is a nearly fruitless task to call it out. Read more
While oil’s precipitous price drop has garnered most of the headlines, the rest of the commodities complex has also been under selling pressure. The DBAs – the US traded ETF that tracks agricultural commodities – are nearing the 0% gain level for the last year. Read more
The dollar remained generally supported. EUR-USD drifted back under 1.1600 after a rebound stalled just shy of 1.1650, and we expect the pair will remain biased lower now that the SNB's EUR-CHF prop has been removed, and with markets expecting an QE announcement ECB on Jan-22. Read more
The dollar has been steady-to-softer during pre-European trade in Asia. USD-JPY has been an exception as it is moderately net firmer after rebounding from a fresh one-month low at 115.84 to a peak of 116.83, subsequently settling around the 116.50-60 area. Read more
The shock from the SNB's decision to abandon its EUR-CHF floor had repercussions in N.Y. on Thursday, leading to widespread volatility across all markets. U.S. equities swung between positive and negative territory ahead of the open, rallies in early trade, then slumped once again. Read more
