Overview: Weaker data from China coupled with pressure on the European periphery is weighing on sentiment after yesterday’s retreat in US stocks saw the S&P 500 again retreat below the 200-day moving average. Chinese shares...
Overview: As seems often to be the case a counter-trend move began in the foreign exchange market on Tuesday and continued into Asia today. In the current context, this meant a dollar pullback. Although move...
The US dollar is consolidating yesterday’s gains against most of the major currencies, though the dollar bloc is under performing. Bond yields are moving higher, and equities are lower. With a light data and events...
Tesla (TSLA) plunged $39 or 12.7% in late trading after the SEC announcedthat it had charged CEO Elon Musk with securities fraud “for a series of false and misleading tweets about a potential transaction to take...
Overview: The US dollar is trading with a softer bias in tight ranges. The euro and sterling have been confined to yesterday’s ranges, while the greenback briefly traded above JPY113.00 for the first time in...
The US dollar is beginning the new week on a soft note, as China threatens not to accept the invitation for trade talks in Washington if the US imposes new tariffs on $200 bln of...
The predecessor of the World Trade Organization was the GATT, which did not really stand for the General Agreement to Talk and Talk, even though the negotiating rounds would last years. Facing rising trade tensions...
The Swedish krona is the weakest of the major currencies so far this year, having lost more than 10% against the US dollar and about 6.6% against the euro. The main weight arguably was the...
It is paradoxical that it is in a country like India that economists are so serioulsy taken the climate change subject head-on. Particularly in the equivalent of the Report on the Nation’s Accounts. The Economic...
US Department of Energy announced yesterday offered for delivery between October 1 and November 30, 11 mln barrels of sour crude oil from the Strategic Petroleum Reserves. The move has nothing to do with operationalizing...
I think most people would agree that the Brexit process has not gone well so far. However, blaming Mrs May and her hapless ministers is perhaps too simple an explanation. After 45 years of integration...
The US policy mix gets a privileged place in our understanding of what is the dollar. Tighter monetary policy and looser fiscal policy could be the closest thing to an elixir for currencies. It is...