13 December, 2015 by The TZ Newswire Staff Comments Off on China’s basket case: Renewed depreciation or reform?
China’s basket case: Renewed depreciation or reform?
Beijing wants you to know that the yuan may fall further. Just don’t worry too much about it.
13 December, 2015 by The TZ Newswire Staff Comments Off on Dollar edges up from Fed focus, yuan weakens further
Dollar edges up from Fed focus, yuan weakens further
The dollar edged higher on Monday with major currencies rangebound ahead of this week’s Fed meeting, while China’s yuan depreciated further.
13 December, 2015 by The TZ Newswire Staff Comments Off on Japan tertiary industry index +0.9% vs +0.5% expected
Japan tertiary industry index +0.9% vs +0.5% expected
Tertiary industry index for Japan
Nice bounce back after a -0.4% decline in September.
If the Tankan didn’t move the market earlier today, this won’t either.
13 December, 2015 by The TZ Newswire Staff Comments Off on Japan October final industrial production +1.4% vs +1.4% initial reading
Japan October final industrial production +1.4% vs +1.4% initial reading
Japan industrial production and capacity utilization:
– The initial reading was +1.4% (with 1.8% expected)
Identical to the released Nov 29.
flash readings
Capacity utilization was at 1.3%.
13 December, 2015 by The TZ Newswire Staff Comments Off on Capitalized Asset vs. Amortized Asset
Capitalized Asset vs. Amortized Asset
These methods of accounting for business expenses can spread tax benefits over several years.
13 December, 2015 by The TZ Newswire Staff Comments Off on Commodity currencies rebound higher after early struggles
Commodity currencies rebound higher after early struggles
AUD and CAD now higher
It’s not much but the Australian and Canadian dollars are showing a pulse. AUD/USD sagged as low as 0.7160 in the early hours of trading but has climbed back to 0.7195 and is up 7 pips on the day.
13 December, 2015 by The TZ Newswire Staff Comments Off on USD/JPY edges above late-Friday high
USD/JPY edges above late-Friday high
Slightly better risk sentiment helping
The US dollar is getting a minor lift against EUR and JPY.
USD/JPY is starting to get interesting in the short-term technical picture as it takes out the late Friday high of 121.17.