Swiss Franc The Euro has fallen by 0.28% at 1.1293 EUR/CHF and USD/CHF, March 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dovishness of the Federal Reserve sent ripples through the capital markets. US equities reversed initial gains, but Asia Pacific equities edged higher, though Japanese markets were closed for a national holiday. European shares are...
Read More »FX Daily, March 20: Brexit Drama Continues but Fed Moves to Center Stage
Swiss Franc The Euro has fallen by 0.14% at 1.1322 EUR/CHF and USD/CHF, March 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US stocks were not able to hold onto early gains yesterday, and this has helped set the stage for today’s heavier bias. Asia Pacific markets were narrowly mixed, with Japan and Korea eking out small gains while China and Taiwan slipped a...
Read More »FX Daily, March 19: Third Vote on Withdrawal Bill Scuppered Until after EU Summit
Swiss Franc The Euro has fallen by 0.09% at 1.1341 EUR/CHF and USD/CHF, March 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets remain subdued. Many Asian equity markets eased after a strong two-day advance. European equities are slightly firmer. The S&P 500 closed at new five-month highs yesterday. Benchmark 10-year yields are mostly a...
Read More »FX Daily, March 18: Equities Advance, Dollar Slips, Key Events Awaited
Swiss Franc The Euro has risen by 0.06% at 1.1348 EUR/CHF and USD/CHF, March 18(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The eventful week has begun off slowly. After Wall Street’s best week in four months underpinned Asian’ equities, where all the markets but Thailand, advanced, led by the nearly 2.5% rally in Shanghai. Note that New Zealand’s...
Read More »FX Weekly Preview: Three Highlights in the Week Ahead
Three events next week will shape the investment climate. The Federal Reserve meets and will update its forecasts and guidance. The British House of Commons may vote for a third time on the Withdrawal Bill before Prime Minister May heads of the EU Summit to ask for an extension of the UK leaving the EU. The eurozone sees the flash March PMI, with great hope that the green shoots of spring will be evident. There is...
Read More »There at the Beginning
Sometimes it is difficult to gain perspective. That is why it may be difficult to see the forest for the trees. It is as we spend most of our time climbing a mountain: One handhold and foothold at a time. Immediacy and urgency limit our peripheral and forward visions. The end of the first expansion since the Great Financial Crisis may be drawing close. There is a concern among officials and investors that the tools that...
Read More »FX Daily, March 15: Euro and Yen Volatility Slips to New Five-Year Lows on the Ides of March
Swiss Franc The Euro has risen by 0.09% at 1.1354 EUR/CHF and USD/CHF, March 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are calm ahead of the weekend. Outside of Australia and Thailand, Asia Pacific equities advanced, while European shares are mostly little changed. The regional benchmarks, like the S&P 500 have recouped last week’s...
Read More »FX Daily, March 14: Another UK Vote, but No Closure
Swiss Franc The Euro has fallen by 0.19% at 1.1346 EUR/CHF and USD/CHF, March 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Brexit drama continues to play out, and the Withdrawal Bill that has been twice defeated is ironically not dead yet. Today’s vote, in fact, is predicated on another “meaningful vote” before seeking an extension. Sterling remains firm...
Read More »FX Daily, March 13: Still Waiting for Brexit Climax
Swiss Franc The Euro has fallen by 0.04% at 1.1368 EUR/CHF and USD/CHF, March 13(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Brexit drama continues to command attention. A vote on leaving without an agreement will be held today, and if that fails, there will be a vote tomorrow on an extension. Meanwhile, the first increase in headline US CPI in four...
Read More »FX Daily, March 12: Wave of Optimism Sweeps through the Capital Markets
Swiss Franc The Euro has fallen by 0.03% at 1.1361 EUR/CHF and USD/CHF, March 12(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Last minutes statements meant to clarify what many MPs find to be the most odious part of the Withdrawal Bill, the backstop for the Irish border is goosed global equity markets even though it does not seem as if the Withdrawal Bill...
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