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Tag Archives: AUD

FX Daily, November 01: Dollar Slumps to Start New Month

Swiss Franc The Euro has risen by 0.18% at 1.1425 EUR/CHF and USD/CHF, November 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It appears that month-end considerations deterred the dollar selling that the technical indicators warned was coming and as the new month starts, the dollar is offered. It is weaker against all the major currencies and most of the...

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FX Daily, October 31: No Fright on This Halloween

Swiss Franc The Euro has fallen by 0.19% at 1.1378 EUR/CHF and USD/CHF, October 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After sliding hard this month, equities continue to stabilize into month-end. All of the equity markets in Asia-Pacific rallied with the help of a solid close in the US. European bourses are higher too as the Dow Jones Stoxx 600...

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FX Daily, October 29: Market Awaits US Leadership

Swiss Franc The Euro has risen by 0.08% at 1.1379 EUR/CHF and USD/CHF, October 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Dollar index is trading within last Friday’s trading ranges. The year’s high, set on August 15, was just shy of 97.00. The euro continues to straddle the $1.14 level but is spending more time in Europe below there. There is a 1.5 bln euro...

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FX Daily, October 23: Stock Slump Pushes Yields Lower and Buoys Yen

Swiss Franc The Euro has fallen by 0.13% at 1.14 EUR/CHF and USD/CHF, October 23(see more posts on EUR/CHF, USD/CHF, ) - Click to enlarge FX Rates Overview: There is one main story today, and that is the resumption of the slide in equities. It is having a ripple effect through the capital markets. Bond yields are tumbling. Gold is firm. The dollar is narrowly mixed, though the yen stands out with almost a 0.5%...

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FX Daily, October 18: China’s Angst Stays Local

Swiss Franc The Euro has fallen by 0.07% at 1.1436 EUR/CHF and USD/CHF, October 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Asian equities were lower, led by a nearly 3% drop in Shanghai, while European shares shrugged it off and the Dow Jones Stoxx 600 is up about 0.4% in late morning turnover. The S&P 500 is off by about 0.25%. Global bond yields...

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FX Daily, October 16: Semblance of Stability Returns

Swiss Franc The Euro has risen by 0.32% at 1.1461 EUR/CHF and USD/CHF, October 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Although the S&P 500 was unable to sustain early gains yesterday, the largely consolidative session was part of the stabilization of equities after last week’s jump in volatility. Asia and European stocks are also cautiously...

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Macro Cheat Sheet

Key considerations and price for selected currencies distilled into four bullet points.US Dollar   The dollar’s recovery ahead of the weekend was aided by the stabilization of the stock market, where the S&P 500 managed to close back above the psychologically important 200-day moving average. Interpolating from prices, the market does not expect the President’s criticism to alter the Fed’s course. US data highlights...

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FX Daily, October 12: Market Fever is Burning Itself Out Ahead of the Weekend

Swiss Franc The Euro has fallen by 0.16% at 1.145 EUR/CHF and USD/CHF, October 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equity markets are stabilizing today as Asian and European markets shrug off the failure to get traction in the US yesterday. As everything and nothing was behind the dramatic sell-off in recent days, the same could be said about today’s...

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FX Daily, October 11: Equity Swoon Takes Spotlight, Pushes Dollar to Backfoot

Swiss Franc The Euro has risen by 0.24% at 1.1429 EUR/CHF and USD/CHF, October 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is one story today, and that is the sell-off in global equities. Although the narratives put the US at the center, the fact of the matter is that US equities have been among the best performers this year, despite the rise of...

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Macro Cheat Sheet

Here is a succinct four-bullet summary of key considerations behind five currencies:  USD Rising US rates in absolute terms and relative to other countries, coupled with the policy-mix and US tax reform are the main drivers. The market has nearly completely discounted three more Fed hikes by the end of next year, while the Fed has signaled that four hikes may be appropriate. Despite the fiscal stimulus and robust...

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