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Tag Archives: 4) FX Trends

FX Daily, April 21: Oil Drilled Below Zero, Equity Rally Stalls, Greenback Advances

Swiss Franc The Euro has risen by 0.05% to 1.0516 EUR/CHF and USD/CHF, April 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Oil’s wild ride has been joined by two other developments that are keeping investors off-balance. First, reports suggest that North Korea’s Kim Jong-Un maybe in critical condition after surgery. He apparently was absent from last week’s events celebrating his grandfather. The concern is...

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FX Daily, April 16: Markets Brace for another Jump in US Weekly Jobless Claims

Swiss Franc The Euro has fallen by 0.06% to 1.0513 EUR/CHF and USD/CHF, April 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equity losses in the US appeared to drag most Asia Pacific markets lower today, with China and India the notable exceptions. European bourses are higher, and the only energy sector is a drag on the Dow Jones Stoxx 600, which is around 1% higher in late morning turnover, while US shares...

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FX Daily, April 15: Dollar Rises as Equities Slump

Swiss Franc The Euro has fallen by 0.12% to 1.0528 EUR/CHF and USD/CHF, April 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The recovery in equities stalled, and the risk-off mood has helped lift the US dollar, which had been trending lower. Taiwan and Malaysia were notable exceptions in the Asia Pacific regions to the heavier equity tone. The Nikkei gave back almost 0.5% after surging more than 3% on...

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FX Daily, April 14: Equities are Firm but New Developments Needed or Risk Appetites may Become Satiated

Swiss Franc The Euro has fallen by 0.16% to 1.0538 EUR/CHF and USD/CHF, April 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Risk appetites have returned today after taking yesterday off. The MSCI Asia Pacific Index advanced every day last week, slipped yesterday, and jumped back today. Most of the national benchmark advanced at least 1.5%, and the Nikkei led the way with a 3% rally to reach its best level...

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What to Expect from the World Bank and IMF

The spring meetings of the World Bank and IMF will be held virtually this week amid a profound economic crisis spurred by a novel coronavirus. Unlike previous such viruses, this went global in such a destructive way that many countries have responded the same way. Encouraging social distancing, closing non-essential businesses, and enforcing lockdowns. The economic contraction that has begun is beyond what has been seen since the Great Depression. Even before the...

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Cool Video: CNBC Asia

As the markets were re-opening in Asia earlier today, I joined Martin Soong and Sir Jegarajah on CNBC Asia. I had returned from a business trip and visited our summer house on the Jersey shore for what I thought was going to be a weekend more than a month ago. Oil prices had initially reacted positively to the OPEC+ agreement. Still, I was skeptical as the cuts seemed inadequate to meet the dramatic compression in demand, let along the notorious non-compliance by...

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FX Daily, April 6: Glimmer of Hope Lifts Markets

Swiss Franc The Euro has risen by 0.01% to 1.0554 EUR/CHF and USD/CHF, April 06(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Reports suggesting that some of the hot spots for the virus contagion appear to be leveling off, and this is helping underpin risk appetites today. The curve seems to be flattening in Italy, Spain, and France. In the US, there are some early signs of leveling off in NY, and now, the...

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FX Daily, April 03: Oil Firm, Greenback Extends Gains

Swiss Franc The Euro has fallen by 0.17% to 1.0551 EUR/CHF and USD/CHF, April 03(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities are finishing the week on a soggy tone despite the 2%+ gains seen in the US yesterday. The extension of shutdowns, rising contagion and fatality rate, and imploding economies weigh on prices.  In Asia, Korea and Indonesia bucked the trend to most minor gains. Europe...

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April Monthly

In March,  the G10 and many emerging market countries, governments, and central banks unveiled large emergency measures.  The motivation is to blunt the economic impact of the novel coronavirus that has seen more than two billion people around the world have their movement restricted. Large swathes of the world’s economy have shut down.  The nature of the shock means that the first countries to push its companies to re-start, and especially export-oriented...

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FX Daily, April 2: Optimism on Oil Deal Steadies Risk Appetites…for the Moment

Swiss Franc The Euro has fallen by 0.34% to 1.0547 EUR/CHF and USD/CHF, April 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After US stocks dropped more than 4% yesterday, investor sentiment has improved, apparently sparked by ideas that the pain will force oil producers to find a way to reduce supply. Oil prices have surged, with the May WTI contract rallying around 7%. Asia Pacific equities were mostly...

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