Swiss Franc The Euro has risen by 0.04% to 1.0799 EUR/CHF and USD/CHF, February 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The equity rally appears undeterred by the rise in interest rates or the surge in oil prices. Led by Tokyo and Hong Kong, Asia Pacific equities advanced. China, Taiwan, and Vietnam markets remain closed. After gapping higher yesterday and extended the gains in early turnover today,...
Read More »FX Daily, February 15: Sterling Continues to Run Higher and US Winter Storm Gives Oil Another Boost
Swiss Franc The Euro has fallen by 0.07% to 1.0792 EUR/CHF and USD/CHF, February 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US and Greater Chinese markets are closed today, but the markets are moving. Equities are bid. The Nikkei led the Asia Pacific region with a 2% gain and pushed above 30000 for the first time since 1990. Korea’s Kospi advanced 1.5%, and Australia’s ASX tacked on 1%. The Dow Jones...
Read More »FX Daily, February 12: Animal Spirits Start the Weekend Early
Swiss Franc The Euro has risen by 0.06% to 1.0801 EUR/CHF and USD/CHF, February 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Profit-taking weighs on equity markets, and the dollar is trading higher ahead of the weekend. Most Asia Pacific markets are still closed for the holiday, but Victoria’s snap lockdown dragged Australian shares lower. Japan and Indian markets were narrowly mixed, but the selling...
Read More »FX Daily, February 11: Oil Set to Snap 8-day Advance while Consolidative Tone Emerges in FX
Swiss Franc The Euro has risen by 0.16% to 1.080 EUR/CHF and USD/CHF, February 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 and NASDAQ were unable to sustain the gap higher opening to new record levels and reversed lower and fell to new three-lows. The settlements were just inside Tuesday ranges, though the Dow Industrials set a record close. Yet, there was spillover to equity trading in...
Read More »FX Daily, February 10: China’s Expansion Does not Prevent Deflation
Swiss Franc The Euro has fallen by 0.13% to 1.0796 EUR/CHF and USD/CHF, February 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Despite a soft close in US indices yesterday, global shares are on the march again today. Led by China and Hong Kong, most large markets in the Asia Pacific region advanced today. Officials gave approval for a new game from Tencent, which helped lift the Hang Seng. Europe’s Dow...
Read More »FX Daily, February 9: Players are Not Buying Everything Today
Swiss Franc The Euro has fallen by 0.18% to 1.0807 EUR/CHF and USD/CHF, February 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The rally of US benchmarks to new record highs helped lift most Asia Pacific markets today, but the bulls are pausing in Europe, and there has been little follow-through buying of US shares. Australia, South Korea, and Indonesia did not participate in today’s regional advance led by...
Read More »FX Daily, February 8: Limited Follow-Through Dollar Selling to Start the Week
Swiss Franc The Euro has risen by 0.05% to 1.0832 EUR/CHF and USD/CHF, February 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar has drifted higher against the major currencies and most of the freely accessible emerging market currencies, paring the losses seen before the weekend in response to the disappointing employment report. Easing pressure from the pandemic as the surge in cases after the...
Read More »FX Daily, February 05: Position Squaring Weighs on the Dollar Ahead of the Jobs Report
Swiss Franc The Euro has risen by 0.04% to 1.0821 EUR/CHF and USD/CHF, February 5(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: While equities continue to march higher, the dollar is softer amid position squaring ahead of the US jobs data. Gold has stabilized after yesterday’s shellacking. Estimates for US nonfarm payrolls appear to have been creeping higher, encouraged by the ADP, PMI, and weekly initial...
Read More »FX Daily, February 4: Negative Rates and the Bank of England: Having Your Cake and Eating it Too
Swiss Franc The Euro has risen by 0.01% to 1.0817 EUR/CHF and USD/CHF, February 4(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The euro has been sold through $1.20 for the first time since December 1 and has now given back roughly half of the gains scored from the US election (~$1.16) to the early January high (~$.1.2350). More broadly, the greenback is bid against most of the major currencies, with the...
Read More »FX Daily, February 3: The Greenback Remains Resilient as the Bulls Drive Equities Higher
Swiss Franc The Euro has risen by 0.05% to 1.0809 EUR/CHF and USD/CHF, February 3(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities have charged higher, and the greenback is mostly firmer. News that Draghi may become Italy’s next Prime Minister has boosted Italian bonds. The PBOC unexpectedly drained liquidity, and this may have deterred buying of Chinese stocks, a notable exception in the regional rally....
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