David Meyer
Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
More From David Meyer
What Were the Best-Performing Currencies on June 29?
The Malaysian ringgit led the rise in Asian currencies as the US dollar-ringgit currency pair, which is inversely related to the ringgit, fell by 1.7%.
Is the Rebound in Global Markets Sustainable?
The SPDR Euro STOXX 50 ETF (FEZ) rose by 2.6%. The United Kingdom’s (FKU) FTSE 100 was among the leaders in European markets. It rose by 2.6%.
Do Asian Indexes Point to a Recovery in Global Markets?
Critical Asian indexes were trading on a mixed note on June 27 with the Japanese and Chinese indexes leading the gains. The Nikkei 225 posted a significant gain of 2.4%, while the Dow Jones Shanghai Index rose by 1.5%.
Major Macro Events in the Week Starting June 27
The final GDP is scheduled for June 28, 2016. It will be the major driver of markets in the week starting June 27. The GDP is expected to rise by 1.0%.
Disappointing Macro Releases across South Asian Economies
Among South Asian economies, industrial production for Singapore released below expectations for May at 0.9% on an annual basis.
Colombia Central Bank Hikes Rates by 25 Basis Points on June 22
The central bank of Colombia increased interest rates on June 22, 2016, by 25 basis points to 7.5%, which was in line with expectations. This was its tenth consecutive hike in benchmark rates.
German Economy Shows Resilience, Economic Sentiment Surges
The ZEW (Centre for European Economic Research) published the German economic sentiment report for June on June 22, 2016.
Eurozone’s Subdued Retail Sales and Services PMIs Add to Worries
The Eurostat released the Eurozone’s (DFE) retail sales data for April on June 4, 2016. Retail sales remained unchanged.
Brexit Threat Spreads Risk around Global Markets
Major European indexes (DBEU) fell on May 31 as polls conducted by the Guardian and ICM suggested voters are in favor of Brexit.
European Market Flat as Investors Await G7 Leaders’ Brexit Views
Major European indexes (DBEU) were trading with caution on May 26, 2016, as they awaited G7 leaders’ views on the Brexit referendum.
Why Did Inflation Rates Ease for Brazil and Chile?
Brazil’s inflation rate slowed for the second straight month in March. The annual inflation rose by 9.4%—compared to 10.4% in the previous month.
Chilean Peso Falls on Weak Economic Data
The Chilean peso depreciated against the US dollar on January 29, 2016, as reports indicated that copper production fell 5.5% in December 2015.
Dollar Index and Services PMI Both Fell
The US Dollar Index measures the strength of the US dollar against other major currencies. It fell by 0.58% on December 18, 2015. It was on a correction mode.
Brazilian Real Nears All-Time Lows in 2015
The Brazilian real has been trading on a weaker note against the US dollar in the last year after depreciating by more than 40% against the US dollar.
The High Correlation between the Chilean Peso and Copper Prices
Any variation in copper demand or supply directly affects the value of the Chilean peso against the US dollar.
Silver Prices Show Positive Correlation with the Australian Dollar
Drop in silver prices among other precious metals With global commodity and metal prices falling in the volatile month of August, silver has been no exception. The economic slowdown in China has been slowing the demand across various commodities. Precious metals like gold and silver have been under pressure. The strength in the US dollar […]
Why the Swiss Franc Is the Golden Currency
Recently, the safe haven currencies like the Swiss franc and the Japanese yen are the ones that are showing a greater correlation to gold.
G10 Currencies Gain as US Dollar Index Sinks
The G10 currencies were impacted positively as the US dollar index dropped in value in the two weeks ending August 21, 2015.
