Weekly Importer / Exporter Analysis 4-21-14

Importers bounce back as markets seek safety in bonds and dollars on account of a potential military action in Ukraine.  That may accelerate after 5 deaths over the weekend prompted rhetoric from all sides.  Talk of deflation or lowflation is beginning to dominate  Eurozone economic news.  Though most pundits think the European Central Bank is all talk, bonds continue to sell in the periphery economies.  When a test comes, what will Mario Draghi do?  What can he do?

Who won the battle last week, between the USD and five currencies?  (We are starting from scratch, all data from beginning of year.) The perspective is strictly from America, so if against the Aussie Dollar, United States importers won, that also means Australian exporters won as well.  I am changing the sign convention: negative percentage changes mean that exporters have the advantage while positive numbers show the advantage for importers.

Currency Week Ending 4-18-14 Weeks in a Row Weekly Change YTD Change
Australian Dollar (AUD) Importers Win! 0 0.8% -4.94
Canadian Dollar (CAD) Importers Win! 0 0.7% 3.30%
Euro (EUR) Importers Win! 0 0.5% -0.33%
British Pound Sterling (GBP) Exporters Win! 1 -0.1% -1.24%
Japanese Yen (JPY) Importers Win! 0 1.0% -2.74%

Thanks,

Damon

Weekly Importer / Exporter Analysis 4-14-14

Exporters sweep the week, big time.  The Federal Reserve continued to soften rate hike expectations.  Ukraine continuing to weigh on markets.  Last week had a strange US stock market sell-off, attributed to the vague term of “profit taking”.  That is definitely contributing to volatility.  The Eurozone continues to deal with a deflation threat, Mario Draghi is worried about EUR rate above 1.4000

Who won the battle last week, between the USD and five currencies?  (We are starting from scratch, all data from beginning of year.) The perspective is strictly from America, so if against the Aussie Dollar, United States importers won, that also means Australian exporters won as well.  I am changing the sign convention: negative percentage changes mean that exporters have the advantage while positive numbers show the advantage for importers.

Currency Week Ending 4-11-14 Weeks in a Row Weekly Change YTD Change
Australian Dollar (AUD) Exporters Win! 0 -1.9% -5.69%
Canadian Dollar (CAD) Exporters Win! 2 -0.9% 2.65%
Euro (EUR) Exporters Win! 0 -1.2% -0.86%
British Pound Sterling (GBP) Exporters Win! 0 -1.0% -1.18%
Japanese Yen (JPY) Exporters Win! 0 -2.4% -3.74%

Thanks,

Damon

PeopleHedge announces acceptance into Village Capital FinTech 2014

For Immediate Release

PeopleHedge announces acceptance into Village Capital FinTech 2014

Boston, Massachusetts – 11 April, 2014

Earlier this year PeopleHedge was invited to apply for admittance into Village Capital’s FinTech 2014 accelerator program.   PeopleHedge was subsequently selected from over 100 applicants to participate as one of the final 10 admitted into the program. This program is the premier accelerator for innovative financial technology startups that positively impact unbanked and under-banked individuals. The program consists of three skill based workshops focused on key industry and business elements. These workshops will take place over the next several months and will culminate in the selection of the best startups in the program. $50,000 in pre-committed investment funds are awarded to the top two startups selected throughout the process, by the teams themselves. Village Capital itself is a seed stage impact investment fund that identifies, trains and invests in high growth, high impact companies worldwide. This accelerator program will be the 24th put on by Village Capital, but the first focused exclusively on financial technology. We are excited for this chance to demonstrate the immense value and impact that PeopleHedge can create on the global economy and look forward to capitalizing on all that this program has to offer.

Village Capital Logo

Village Capital Logo

Weekly Importer / Exporter Analysis 4-7-14

Importers sweep the week as Yellen softens rate hike expectations and a “good” nonfarm payroll number was released last Friday.  European deflation concerns starting to reverberate in the broader markets, though no real action is being taken.

Who won the battle last week, between the USD and five currencies?  (We are starting from scratch, all data from beginning of year.) The perspective is strictly from America, so if against the Aussie Dollar, United States importers won, that also means Australian exporters won as well.  I am changing the sign convention: negative percentage changes mean that exporters have the advantage while positive numbers show the advantage for importers.

Currency Week Ending 4-4-14 Weeks in a Row Weekly Change YTD Change
Australian Dollar (AUD) Importers Win! 0 0.4% -3.83%
Canadian Dollar (CAD) Importers Win! 1 0.1% 3.53%
Euro (EUR) Importers Win! 2 0.2% 0.31%
British Pound Sterling (GBP) Importers Win! 0 0.0% -0.11%
Japanese Yen (JPY) Importers Win! 0 1.7% -1.36%

Thanks,

Damon

Larry J’s BBQ is Legit

I was looking for ribs in downtown Boston and I was disappointed in the selection.  I ventured out into the Seaport and found Larry J’s.  Despite the fact that all of the buildings in the area are new, they found a way to operate in a BBQ shack style.  At least in the winter, there are no seats, or cover, so make sure you have a place to go.  I got the St. Louis style ribs which are dry rubbed.  Delicious.  They have multiple sauces to suit your palate as well. Going back for sure, looks like a good gut-busting picnic opportunity come summer.

Location:

600 D St, South Boston, MA 02210 (617) 348-9800

Rating:

I shall return!

Damon

Weekly Importer / Exporter Analysis 3-31-14

Busy week as CPI comes out in Europe with mixed results.  Yellen takes a dovish tone on US interest rates.  North Korea shells the ocean, threatens a nuclear test.  US unemployment numbers at the end of the week.  Enjoy!

Who won the battle last week, between the USD and five currencies?  (We are starting from scratch, all data from beginning of year.) The perspective is strictly from America, so if against the Aussie Dollar, United States importers won, that also means Australian exporters won as well.  I am changing the sign convention: negative percentage changes mean that exporters have the advantage while positive numbers show the advantage for importers.

Currency Week Ending 3-28-14 Weeks in a Row Weekly Change YTD Change
Australian Dollar (AUD) Exporters Win! 1 -2.5% -4.22%
Canadian Dollar (CAD) Exporters Win! 0 -1.8% 3.49%
Euro (EUR) Importers Win! 1 0.3% 0.19%
British Pound Sterling (GBP) Exporters Win! 0 -0.6% -0.16%
Japanese Yen (JPY) Exporters Win! 0 -0.2% -3.03%

Thanks,

Damon

Weekly Importer / Exporter Analysis 3-24-14

Big moves as Janet Yellen provides impromptu guidance on when interest rates my increase.  Importers almost swept the week as markets price in a more valuable USD.

Who won the battle last week, between the USD and five currencies?  (We are starting from scratch, all data from beginning of year.) The perspective is strictly from America, so if against the Aussie Dollar, United States importers won, that also means Australian exporters won as well.  I am changing the sign convention: negative percentage changes mean that exporters have the advantage while positive numbers show the advantage for importers.

Currency Week Ending 3-21-14 Weeks in a Row Weekly Change YTD Change
Australian Dollar (AUD) Exporters Win! 0 -0.1% -1.64%
Canadian Dollar (CAD) Importers Win! 1 1.4% 5.31%
Euro (EUR) Importers Win! 0 0.6% -0.11%
British Pound Sterling (GBP) Importers Win! 1 0.7% 0.43%
Japanese Yen (JPY) Importers Win! 0 0.6% -2.77%

Thanks,

Damon