The nightmare scenario
A contested election was the nightmare scenario and that’s what came to pass, upsetting the “blue wave” that had been projections. However, it appears the Republicans retained control of the…
Read More »Japan October final manufacturing PMI 48.7 (flash was 48.0, prior 47.7)
This is the 18th straight month in contraction
Read More »Dollar Dips as Equities escalate
EURUSD, H1 The Dollar fell back concomitantly with rallying European stock markets and US index futures, which was likely a repositioning dynamic after declining over the last two weeks. EURUSD…
Read More »Japan’s Nikkei falls -0.5% at the morning opening
Soft opening for Japan’s stock market The US stocks ended an up and down session yesterday near session lows. The S&P index fell -0.22%. The NASDAQ index fell -0.28%. THe Dow industrial average…
Read More »Japan govmt planning to approve COVID-19 treatment drug Avigan in November
The Japanese government is planning an unprecedentedly short screening period of three weeks once Fujifilm Toyama Chemical Co submits a new drug application. The news comes via the , citing…
Read More »FX Update October 2 – Ahead of NFP
USDJPY, H1 The Yen has rallied versus other currencies amid a pronounced risk-off positioning theme in global markets on news that President Trump, along with the First Lady and White…
Read More »USD/JPY welcomes October with mixed clues above 105.00
USD/JPY rises to 105.50 as markets in Japan open for Thursday’s trading. The yen pair surged to the highest since September 15 the previous day before
Read More »Japan – Jibun Bank/Markit Manufacturing PMI (final) for September 47.7
Preliminary and prior can be found here: Japan preliminary PMIs (September) Manufacturing 47.3 September’s 47.7 is the 4th consecutive rise (from a very poor low point of 38.4 in May)
Read More »Japan preliminary PMIs (September) Manufacturing 47.3 (prior 47.2) Services 45.6 (prior 45.0)
Japan Jibun Bank / Markit preliminary PMIs for September Services 45.6 Composite 45.5 Some improvement in these indexes but still all in contraction.
Read More »FX Update September 18 – A volatile 24hrs
The Dollar has scraped out a two-day low at 92.76 in the narrow trade-weighted USDIndex, with EURUSD concurrently pegging a two-day high at 1.1868, gaining quite sharply from yesterday’s five-week…
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