The U.S. dollar fell moderately on Tuesday as foreign currencies rallied.  It was normal profit taking after the recent strength in the dollar.  The biggest currency action was the Japanese yen which moved up over 100 points on aggressive speculative buying.  U.S. stocks fell while bonds saw a strong rally on “safe harbor” buying. The real stars on Tuesday were the …

The U.S. dollar pushed strongly higher Friday; foreign currencies were much weaker. The main cause of the strength in the dollar was a surprise military strike by the Trump administration against Syria. The cruise missile strike was as punishment for the poison gas attack by the Syrian government against their own population earlier in the week. Stock indices were higher …

There was little net movement in the values of either the dollar or foreign currencies on Wednesday.  However, after an early rally, U.S. stock indices fell with losses moderately heavy. Trading volume was larger than has been seen recently. Bonds closed higher on the weaker stock market. The high point in early trading was news that private payroll firm ADP’s survey …

A very quiet Tuesday as the dollar and foreign currencies closed with minor changes on very light trading volume. U.S. stock incises, after early weakness, closed marginally higher; bonds closed slightly lower. With no interesting fundamental news, investors remained focused on the infighting in Washington.  The Congress is wrestling over the question of the new Supreme Court nominee. We are told the decision …

We saw a quiet trading session in currencies on Monday. Dollar up slightly, foreign currencies slightly lower. U.S. stock indices moderately lower; bonds higher. Most eyes are on Washington this week as the main story is over the battle between Democrats and Republicans on the question of the next Supreme Court member. Democrats say they will filibuster the nomination of Neil …

The dollar continued to rally Thursday. This was the third day of rally in the dollar after the heavy selling seen on Monday. The Euro currency was down heavily. The British pound was up moderately as traders reacted bullishly to the filing of Article 50 by PM May on Wednesday. U.S. equity indices were higher; bonds were lower. Investors are cautiously bullish …

In classic fashion we saw “Turn around Tuesday” today. All of the losses in U.S. financial assets seen Monday were made up by strong rallies Tuesday.  The dollar and stock indexes rallied while bonds dropped. The cause for Monday’s drop was political and the cause of Tuesday’s rally was also political. Traders who worried that the failure to change Obamacare …

The U.S. dollar came under selling pressure on Monday. Foreign currencies were strongly higher with the Euro currency the strongest. Stock indices also saw considerable selling pressure in early trading but closed only moderately lower; bonds were higher. Selling of U.S. assets was tied to investor worries that the new administration had been weakened by the failure to pass a …

Thursday saw another day of sideways drift in the currency markets. Dollar slightly higher and foreign currencies slightly lower; bonds and equity indices also soft. Initial weekly unemployment claims spiked up by 18,000 to 258,000. Claims have been climbing for the last three weeks. The retail sector of the economy has been in trouble since last year. There is increased talk the 132 …

Another dull trading session in currencies on Wednesday.  The dollar was slightly lower and foreign currencies were slightly higher; bonds higher and equity futures soft. The lack of economic news has left the markets to drift sideways. There was an apparent terrorist attack in central London Wednesday. Four people killed by a lone attacker. The incident occurred near the Parliament …