Saturday Evening Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Emerging market currencies will tip length of emerging stock rally
If you’re trying to estimate how long the recent emerging market rally will run, watch the currency markets. Emerging market currency traders aren’t done with their bets against these currencies. The recent move up in these currencies—which has been a key element in the rally in emerging market stocks—looks like just a profit-taking breather in the battle.
Big interest rate increases from Turkey, India, South Africa fail to stem market drop
Today, January 29, big, surprise interest rate increases from central banks in Turkey, India and South Africa didn’t stabilize global markets. A decision by the Federal Reserve to reduce its monthly buying by another $10 billion added to the downward bias
Trust and local government debt-default fears recede (a bit) in China, boosting global markets
For the moment relief from China is trumping negative news on durables orders from the United States. Relief from China stems from a decision by the Industrial & Commercial Bank of China, China’s biggest lender, to stand behind a trust product issued by China Credit Trust, that was facing default on January 31.
Why the emerging market currency drop turned into a rout and when the worst might be over
A brief survey of the big investment banks’ favorite currency trades as of the end of 2013 shows why the current sell off in emerging market currencies and financial assets has been so violent
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Currency fears create yield plays in Australian, London banks with commodity or emerging market exposure
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Enuf volatility for ya? Yen and dollar go on a wild ride
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Shift from declining to rising dollar extends for another day
The drivers seem to be better than expected U.S. retail sales for November; a report that industrial production in the EuroZone contracted in October; and a sense that a possible decision to begin tapering off the current $85 billion in asset purchases at the Federal Reserve’s December 18 meeting might not be especially scary. That last would reduce demand for the safe-haven Japanese currency.
Dollar sinks against euro and yen–but looks like it may be stabilizing
The dollar is down agains the yen and the euro, but it looks to be stabilizing on worries that Japan’s economy is weak enough to bring the Bank of Japan back into action and on uncertainty about economic news from the EuroZone set for release tomorrow
Yen and Tokyo stocks take a rest ahead of end of the week U.S. and European news
The yen is taking a bit of a breather today after hitting a six-month low against the U.S. dollar yesterday. Today’s slight rise in the yen—0.57%–takes the yen to 102.37 to the dollar. Japan’s currency is down 14% for 2013 against the U.S. dollar.
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