Economic Conditions

20 July 2022

Putin Warns the E.U. That Gas Supplies Could Keep Dwindling

Russian President Vladimir Putin has reiterated that it’s the fault of the Western government that the country’s supply of natural gas to European customers has shrunk. He warned that the situation will worsen if the West’s sanction against Russia continues....

28 September 2016

Without Monetary Policy Insight, Dollar Runs in Place

The US dollar is enjoying a firmer bias today, but it remains narrowly mixed on the week.  It is within well-worn ranges.  Of the several themes that investors are focused on, there have not significant fresh developments.  The US dollar...

26 September 2016

Idiosyncratic Risk and Dollar Movement

The US dollar is narrowly mixed.  The euro, yen and Swiss franc are higher, while the dollar-bloc and sterling are softer.  The moving element here is not so much the greenback, which serving more as a fulcrum, but idiosyncratic, country-level...

23 September 2016

A Random Pattern

As Nassim Taleb instructed, we should not be fooled by randomness. If you see six red results in a row at a roulette table, do not conclude the game is rigged.  If you flip a coin, and it is tails...

22 September 2016

See You in December

The US dollar has lost another 0.5% against most of the major currencies today, as Asia and Europe respond to the Fed's decision.  There are few exceptions to this generalization.  The Norwegian krone has gained nearly three times as much,...

19 September 2016

Merkel’s Support Fades, as does the Dollar’s

The US dollar, which finished last week on a firm note, is under pressure to start the new week that features Bank of Japan and Federal Reserve meetings.  The slighter stronger August CPI reading helped lift the greenback ahead of...