Tag Archives: 4) FX Trends

Brexit comes to a head. By nearly all reckoning, the Withdrawal Bill will be resoundingly defeated in the House of Commons on March 12. The margin of defeat may not match the first rejection, but it will be the death knell to the path that had been negotiated for a year and a half. On March 13, the House of Commons will vote on leaving the EU without a withdrawal agreement. Most, except the most extreme partisans, think...

Swiss Franc The Euro has fallen by 0.03% at 1.1313 EUR/CHF and USD/CHF, March 08(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A weak economic assessment in the Beige Book and an ECB that slashed growth forecasts have been followed by news of a nearly 21% slump in China’s exports have marked the end of the dramatic equity rally that was seen in the first...

Swiss Franc The Euro has fallen by 0.31% at 1.1324 EUR/CHF and USD/CHF, March 07(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The ECB meeting is today’s highlight. A dovish signal is expected. The euro remains pinned near its lows ahead it. The global equity market rally in January and February is faltering this week. Asian equities were mixed, but the...

Swiss Franc The Euro has risen by 0.02% at 1.1353 EUR/CHF and USD/CHF, March 06(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are on edge. The week’s big events lie ahead.  The Bank of Canada meets today and the ECB tomorrow, followed by US (and Canada) employment data on Friday. The equity markets are mixed. While Japan and Korean equities...

Mario Draghi’s term at the helm of the ECB is winding down. He will step down in October. It has not been an easy job. The light at the end of the tunnel in 2017 turned out to be another train in 2018. The eurozone enjoyed 0.7% quarterly growth every quarter in 2017. The ECB was able to outline an exit from its asset purchases. The debate began over sequencing and when the first rate hike could be delivered. But alas,...

Swiss Franc The Euro has risen by 0.04% at 1.1328 EUR/CHF and USD/CHF, March 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It is an eventful day, but the capital markets are taking it in stride. Equity markets are mixed. Asia may have been weighed down by China’s shaving its growth target and announced around CNY2 trillion (~$300 bln) in tax cuts to support...

The important events take place in the second half of the week ahead: the ECB meeting and the US employment report.  A dovish hold by the ECB is the most likely outcome.  US jobs growth is bound to slow from the heady 304k gain in January, but there won’t be anything in it that lends credence to ideas that the world’s largest economy is on the precipice of a recession. The Brexit drama could be moving into its...

Swiss Franc The Euro has risen by 0.14% at 1.1364 EUR/CHF and USD/CHF, March 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that MSCI plans to substantially boost China’s equity weighting in its indices and a better than expected Caixin manufacturing PMI and some easing of India-Pakistan tensions helped bolster the risk-taking appetite going into the...

Swiss Franc The Euro has fallen by 0.39% at 1.134 EUR/CHF and USD/CHF, February 28(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that the US-North Korean summit ended abruptly without an agreement spurred losses in equities and gains in the Swiss franc and Japanese yen. US President Trump willingness to walk away from the talks is important in and of...

We tried a CNBC hook-up in Asia via Skype on February 25. I did not think there would be a clip, but I stumbled on it looking for something else. Click here for the roughly 2.5-minute interview done from my apartment in NYC. The discussion is on Brexit and sterling. [embedded content] Related posts: Cool Video: Clip from CNBC Squawk Box FX Daily,...