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Tag Archives: 4.) Marc to Market

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...

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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...

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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...

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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...

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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...

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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...

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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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FX Daily, February 1: Markets Snap Back

Swiss Franc The Euro has risen by 0.15% to 1.082 EUR/CHF and USD/CHF, February 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities are snapping back today, while the greenback retained the strength seen last week that was attributed to safe-haven flows. The MSCI Asia Pacific Index snapped a four-day decline led by Hong Kong, South Korea, India, and Indonesia. Europe’s Dow Jones Stoxx is up around...

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FX Daily, January 29: Please Stay Seated, the Ride is not Over

Swiss Franc The Euro has risen by 0.16% to 1.0789 EUR/CHF and USD/CHF, January 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Powerful corrective forces continue to grip the market. After a large rally to start the New Year, the correction is punishing. Most Asia Pacific equities markets were off again today to bring the week’s loss to 2.5% to 5.5% throughout the region. Europe’s Dow Jones Stoxx 600 is a...

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FX Daily, January 28: A Sea of Red Gives the Dollar a Bid

Swiss Franc The Euro has risen by 0.02% to 1.0764 EUR/CHF and USD/CHF, January 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The steepest loss in US equities since last October is rippling through the capital markets in the form of de-risking. The rout is not over, and the S&P 500 is poised to gap lower.  Many of the largest markets in the Asia Pacific region were off around 2%. The nearly 1% loss in...

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