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Tag Archives: Brexit

FX Daily, July 8: Consolidation is the Flavor of the Day

Swiss Franc The Euro has risen by 0.12% to 1.063 EUR/CHF and USD/CHF, July 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500’s longest advance this year was stopped seemingly as concern that the flare-up in the virus will slow the recovery. The sell-off in airlines and hotels helped spur a broader bout of profit-taking. Most Asia Pacific bourses advanced, led by the continued rally in Hong Kong...

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FX Daily, July 6: New Record Number of Covid Cases Doesn’t Curtail Appetite for Risk

Swiss Franc The Euro has risen by 0.07% to 1.064 EUR/CHF and USD/CHF, July 6(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A new daily high number of contagions globally has been reported, but the risk-appetites have been stoked. Chinese stocks have been on a tear. The Shanghai Composite rallied 5.7% today to bring the five-day advance to 13.6%. Most other regional markets, including Hong Kong, rallied as well...

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FX Daily, June 29: USD is Offered in Quiet Start to the New Week

Swiss Franc The Euro has risen by 0.29% to 1.0671 EUR/CHF and USD/CHF, June 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The combination of rising virus cases and the sell-off in the US before the weekend dragged nearly all the Asia Pacific bourses lower. The Nikkei led the way with more than a 2% drop, but most bourses were off more than 1%. China and Taiwan were also greeted with selling as markets...

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FX Daily, June 8: Monday Blues: Consolidation Threatened

Swiss Franc The Euro has fallen by 0.28% to 1.0831 EUR/CHF and USD/CHF, June 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The MSCI Asia Pacific Index rose for a sixth consecutive session. Japan, Taiwan, Singapore, and Indonesian markets advanced more than 1%. European bourses are mixed, with the peripheral shares doing better than the core, leaving the Dow Jones Stoxx 600 about 0.5% lower near midday after...

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FX Daily, May 15: Much Talk but Little Action

Swiss Franc The Euro has risen by 0.10% to 1.0522 EUR/CHF and USD/CHF, May 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 staged an impressive recovery yesterday, a sell-off that took it to its lowest level since April 21, to close more than 1% higher on the day, helped set the tone in the Far East and Europe today. Gains in most Asia Pacific markets, but Hong Kong, Shanghai, and India,...

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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, February 27: The Rot Continues but Somewhat Less Dollar Friendly

Swiss Franc The Euro has risen by 0.20% to 1.0647 EUR/CHF and USD/CHF, February 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A new phase of the Covid-19 is at hand. Yesterday was the first time that the number of new cases in the world surpassed the number of new cases China acknowledged.  This confirms what we have known, namely that the battle for containing it in China has been lost. However, it...

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FX Daily, February 6: Stocks Push Higher but more Cautious Tone may be Emerging

Swiss Franc The Euro has risen by 0.07% to 1.071 EUR/CHF and USD/CHF, February 6(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The bullish enthusiasm that carried the S&P 500 to new closing highs yesterday is helping Asia Pacific and European shares today. The MSCI Asia Pacific Index rose for the third session with Tokyo, Hong Kong, and Korea jumping two percent. Europe’s Dow Jones Stoxx 600 gapped to new...

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FX Daily, January 31: Stocks Finishing on Poor Note, while the Dollar and Bonds Firm

Swiss Franc The Euro has fallen by 0.09% to 1.0681 EUR/CHF and USD/CHF, January 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It was as if the World Health Organization’s recognition of that the new coronavirus is an international health emergency was the catalyst that the markets needed. US equities recovered smartly and managed to close higher on the session. However, the coattails were short, and...

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FX Daily, January 30: Contagion Impact not Peaked, Weighs on Risk Appetites

Swiss Franc The Euro has fallen by 0.21% to 1.0689 EUR/CHF and USD/CHF, January 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The ongoing concerns about the geometric progression of the new coronavirus continues to swamp other considerations for investors. Risk continues to be unwound, as the World Health Organization meets to decide if this is indeed a global health emergency. Several large equity markets...

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