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Tag Archives: 4) FX Trends

What to Expect When You are Expecting

Overview: The markets have stabilized since Monday's panic attack but have not made much headway.  China and Taiwan returned from the extended holiday weekend.  Mainland shares were mixed. Shanghai rose by about 0.4%, while Shenzhen fell by around 0.25%.  Taiwan got tagged for 2%, and Japan's Topix was off 1%.  Hong Kong and South Korean markets were closed.  Europe's Dow Jones Stoxx 600 is firmer for the second day but is still lower for the week.  US indices...

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Ever Grand

Overview: Coming into yesterday's session, the S&P 500 had fallen in eight of the past ten sessions.  It closed on its lows before the weekend and gapped.  Nearly the stories in the press blamed China and the likely failure of one of its largest property developers, Evergrande.  Those that are prone to the sky-is-falling narratives refer to it as Lehman moment.  The S&P 's 2.7% decline yesterday was the largest in half of a year, and the VIX jumped to...

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Ever Grand

Overview: Coming into yesterday's session, the S&P 500 had fallen in eight of the past ten sessions.  It closed on its lows before the weekend and gapped.  Nearly the stories in the press blamed China and the likely failure of one of its largest property developers, Evergrande.  Those that are prone to the sky-is-falling narratives refer to it as Lehman moment.  The S&P 's 2.7% decline yesterday was the largest in half of a year, and the VIX jumped to...

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Risk Appetites Didn’t Return from the Weekend

Overview: Investors’ mood did not improve over the weekend, and the lack of risk appetites are rippling through the capital markets today. Equities have tumbled, yields have backed off, and the dollar is well bid.  Hong Kong and Australia led the sell-off in the Asia Pacific region, off 3.3% and 2.1%, respectively. Regional losses may have been larger, but Japan, Chinese (mainland), and South Korea markets were on holiday. Europe’s Dow Jones Stoxx 600 is off 2%, the...

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Risk Appetites Didn’t Return from the Weekend

Overview: Investors’ mood did not improve over the weekend, and the lack of risk appetites are rippling through the capital markets today. Equities have tumbled, yields have backed off, and the dollar is well bid.  Hong Kong and Australia led the sell-off in the Asia Pacific region, off 3.3% and 2.1%, respectively. Regional losses may have been larger, but Japan, Chinese (mainland), and South Korea markets were on holiday. Europe’s Dow Jones Stoxx 600 is off 2%, the...

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The Dollar is Aided by Speculation of a Hawkish Fed, Will It Sell-off on the Fact or Disappointment?

The US dollar continued to trend higher last week, helped by the unexpectedly strong retail sales report.  Despite disappointing August jobs growth and the moderation in consumer prices, the Fed has no compelling reason not to move forward with plans to taper before the end of the year.  The Norwegian krone had been bid most of last week, ahead of the central bank's likely rate hike next week, but it lost nearly 1% before the weekend. It was the second consecutive...

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The Dollar is Aided by Speculation of a Hawkish Fed, Will It Sell-off on the Fact or Disappointment?

The US dollar continued to trend higher last week, helped by the unexpectedly strong retail sales report.  Despite disappointing August jobs growth and the moderation in consumer prices, the Fed has no compelling reason not to move forward with plans to taper before the end of the year.  The Norwegian krone had been bid most of last week, ahead of the central bank's likely rate hike next week, but it lost nearly 1% before the weekend. It was the second consecutive...

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FX Daily, September 15: China Disappoints, but the Yuan Remains Strong

Swiss Franc The Euro has fallen by 0.10% to 1.0849 EUR/CHF and USD/CHF, September 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The sixth decline of the S&P 500 in the past seven sessions set a negative tone for equity trading in the Asia Pacific region, and the poor Chinese data did not help matters. News that China’s troubled Evergrande would miss next week’s interest payment weighed on sentiment too....

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FX Daily, September 15: China Disappoints, but the Yuan Remains Strong

Swiss Franc The Euro has fallen by 0.10% to 1.0849 EUR/CHF and USD/CHF, September 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The sixth decline of the S&P 500 in the past seven sessions set a negative tone for equity trading in the Asia Pacific region, and the poor Chinese data did not help matters. News that China’s troubled Evergrande would miss next week’s interest payment weighed on sentiment too....

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Is it Really all about US CPI?

Overview: The markets are in a wait-and-see mode, it appears, ahead of the US CPI figures, as it absorbs bond supply from Europe and monitors the potential restructuring of China’s Evergrande. A new storm may hit US oil and gas in the Gulf before recovering from the past storm and helping to underpin prices. China and Hong Kong led the decliners in the mixed Asia Pacific session that saw the Nikkei post its highest close since 1990. South Korea, Taiwan, and Indian...

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