Tag Archives: CAD

The US dollar is beginning the new week on a soft note, as China threatens not to accept the invitation for trade talks in Washington if the US imposes new tariffs on $200 bln of its goods, which the Wall Street Journal reports could come as early as today. Meanwhile, the MSCI Emerging Markets Index is giving back half of the 2.5% rally seen in the second half of last week. The Turkish lira is leading the emerging...

The trajectory of monetary policy in the US and Europe has been fairly clear. There is practically no doubt that the Fed will hike rates on September 26. Despite softer than expected PPI and CPI figures, the market has become more confident of another move in December. The Federal Reserve’s balance sheet unwind reaches its maximum velocity of $50 bln a month in Q4. Eurozone It is also understood that ECB will reduce...

Swiss Franc The Euro has fallen by 0.04% at 1.1277 EUR/CHF and USD/CHF, September 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dollar traded above JPY112 in early Asia, for the first time since early August but it could not take out the high recorded then (~JPY112.10) and has come off a bit in Europe. There is a $493 mln option struck at JPY112 that will expire...

Swiss Franc The Euro has fallen by 0.03% at 1.1277 EUR/CHF and USD/CHF, September 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dollar has been confined to about 10 pips on either side of JPY111.55. There are $1.13 bln of options struck between JPY111.50 and JPY111.65 that expire today. Dollar support extends to JPY111.20-JPY111.30. It has not traded above JPY112.00...

Swiss Franc The Euro has fallen by 0.17% at 1.1282 EUR/CHF and USD/CHF, September 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The euro and sterling extended their recovery from the US hourly earnings lows seen before the weekend. However, the move stalled in the European morning, after the UK reported better than expected earnings itself. Sterling approached the 61.8%...

Swiss Franc The Euro has risen by 0.82% at 1.1289 EUR/CHF and USD/CHF, September 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar’s pre-weekend gains were extended against most the major currencies, but the euro, sterling, and Australian dollar have recovered in the European morning.  Emerging markets currencies are mixed. The euro fell to almost $1.1525 in...

United States The 201k rise in US non-farm payrolls edged above the median forecasts, but the 50k downward revision to the past two-months removes the gloss. It is the first August report in seven years that the initial estimate was above the Bloomberg median. U.S. Nonfarm Payrolls, Sep 2013 - Sep 2018(see more posts on U.S. Nonfarm Payrolls, ) Source: investing.com - Click to enlarge The most important part of the...

Swiss Franc The Euro has risen by 0.20% at 1.1305. EUR/CHF and USD/CHF, September 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dollar is posting gains against most of the emerging market and major currencies. The MSCI Emerging Markets Index is off 1.6% and extending the drop to a sixth consecutive session. Indonesia’s bourse saw the largest decline (~3.75%) in the...

The first week of a new month features the US jobs data. It is the most important economic report of a new month. It sets the broad tone for much of the economic data over the next several weeks, including consumption, industrial production, and construction spending. However, there are two reasons why it may not pack the punch it has in the past. First, the bar to dissuade the market against a 25 bp rate hike on...

Swiss Franc The Euro has risen by 0.29% at 1.1275. EUR/CHF and USD/CHF, August 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dramatic price action seen yesterday among several emerging market currencies is eased today, but here at month-end, demand for risk-assets is tentative at best. The macro backdrop, including the increase in US core inflation, expectations...