Tag Archives: 4) FX Trends

Swiss Franc The Euro has fallen by 0.29% to 1.0566 EUR/CHF and USD/CHF, April 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is no reprieve for investors. Equities are falling sharply. Nearly all the Asia Pacific markets slumped but Australia. Chinese markets fared better than most, but the Nikkei was off 4.5%, and India was down almost as much in late dealings. Europe’s Dow Jones Stoxx 600 is off more...

Swiss Franc The Euro has fallen by 0.26% to 1.056 EUR/CHF and USD/CHF, March 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The coronavirus plague upended the world in March. Equities are finishing the month on a firm note. Strong gains in the US yesterday and an unexpectedly strong Chinese PMI (yes, to be taken with the proverbial grain of salt) helped lift most Asia Pacific and European markets today....

Swiss Franc The Euro has fallen by 0.36% to 1.0553 EUR/CHF and USD/CHF, March 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Risk appetites remain in check as the spread of the coronavirus is leading to more and longer shutdowns. Asia Pacific equities fell with Australia, the notable exception.  Its benchmark rallied a record 7%, encouraged by additional stimulus measures. Led by financials, following new...

Swiss Franc The Euro has fallen by 0.48% to 1.0573 EUR/CHF and USD/CHF, March 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Officials appear to have persuaded investors that they have put into place measures that will cushion the economic blow and ensure that the financial system continues to function. After seemingly goading officials into action, investors are choosing not to resist. Moreover, there is a...

Swiss Franc The Euro has fallen by 0.03% to 1.0623 EUR/CHF and USD/CHF, March 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Speculation that the US Senate would pass the large stimulus bill worth around 10% of US GDP is thought to have fueled a bounce in equities in recent days. The bill was approved and will now go to the House, where a vote is expected tomorrow. If the rumor was bought, the fact has been...

New packages from the SNB There is no upper limit for virus fund Drawdowns can be made at any time Says interest rates to correspond to the SNB policy rate (-0.50%) Will be available from tomorrow Full statement: The coronavirus pandemic is having a serious impact on the Swiss economy. To combat this crisis, it is essential that companies have access to credit and the banking system has access to liquidity. The Confederation, the SNB and the Swiss Financial Market...

Swiss Franc The Euro has risen by 0.02% to 1.0589 EUR/CHF and USD/CHF, March 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities are marching higher. While the Dow Jones Industrials posted its biggest advance since 1933, the US is lagging behind other leading benchmarks. The MSCI Asia Pacific advanced, led by Japan’s Nikkei’s 8% gain. It was third consecutive gain, during which time the Nikkei has...

Swiss Franc The Euro has risen by 0.27% to 1.0584 EUR/CHF and USD/CHF, March 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Bottom-picking, after officials step up efforts and some optimism creeps in, is helping lift spirits today. As one looks at the equity bounces, it is important to remember that among the biggest rallies take place in bear markets. Nearly all the bourses in Asia-Pacific rallied, led by a...

Here is the link for the replay of the conference call I hosted earlier today. I shared two ways in which this crisis is different from what we have seen in the last generation. Unlike the Great Financial Crisis, the tech bubble, and the S&L Crisis, the current crisis did not begin in the financial sector, but the real economy. Also, what follows from that is that this crisis is about liquidity, while the GFC was about counter-party risk. In the call, I covered...

Swiss Franc The Euro has risen by 0.45% to 1.0587 EUR/CHF and USD/CHF, March 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: In HG Wells’ “War of the Worlds,” the common cold repelled a Martian invasion. Now, a novel coronavirus is disrupting everything and everywhere. Global equities continue to get hammered, though the apparent relative resilience of Japan may have spurred some buying of Japanese equities....