Swiss Franc The Euro has fallen by 0.03% to 1.1048 EUR/CHF and USD/CHF, April 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: What promises to be a notable week has begun off quietly: the US, EMU, and South Korea report Q1 GDP. The eurozone also provides its first estimate of April inflation. Corporate earnings feature tech and financial firms. Equities are mostly firmer in the Asia Pacific region and...
Read More »FX Daily, April 20: Market has Second Thoughts about Timing of First Fed Hike
Swiss Franc The Euro has risen by 0.05% to 1.1015 EUR/CHF and USD/CHF, April 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Even as US yields edge higher, the dollar struggles. With the 10-year Treasury yields now at 1.62%, nine basis points above last week’s lows, the greenback has turned mixed against the major currencies. After briefly slipping below JPY108, the dollar has recovered to around JPY108.55....
Read More »FX Daily, April 12: Capital Markets Look for Direction
Swiss Franc The Euro has fallen by 0.07% to 1.0997 EUR/CHF and USD/CHF, April 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Risk appetites have not returned from the weekend. Equities are heavy, and bond yields softer. The dollar is drifting lower in Europe. China’s unusually candid admission of the shortcomings of its vaccine and record new cases in India saw all the equity markets in the region fall. Only...
Read More »FX Daily, April 5: Market Pushes First Rate Hike into 2022
Swiss Franc The Euro has fallen by 0.25% to 1.1053 EUR/CHF and USD/CHF, April 5(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Many financial centers in Asia and Europe remain closed for the extended holiday. Although several markets that were open were higher in the Asia Pacific region, India was an exception as a record contagion sent stocks down the most in five weeks. US futures are pointing higher, led by...
Read More »FX Daily, March 30: US Yields Push Higher, Lifting the Greenback Especially Against the Euro and Yen
Swiss Franc The Euro has risen by 0.02% to 1.1047 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: The US 10-year yield is at new highs since January 2020, pressing above 1.77% and helping pull up global yields today. European benchmarks yields are up 4-5 bp, and the Antipodean yields jump 8-9 bp. The impact on equities has been minor, and the talk is still about the unwinding of...
Read More »FX Daily, March 29: Markets Look for Direction after Large Block Trade and Before Key Data
Swiss Franc The Euro has fallen by 0.07% to 1.1064 EUR/CHF and USD/CHF, March 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The large block trade (~$20 bln) before the weekend, apparently from a family office, continued to have ripple effects today, but the MSCI Asia Pacific Index barely noticed. It extended its pre-weekend rally of 1.3%, and only South Korea and Australia fell among the major markets....
Read More »FX Daily, March 16: Equities Firm, but Markets Tread Gingerly
Swiss Franc The Euro has fallen by 0.33% to 1.1024 EUR/CHF and USD/CHF, March 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Yesterday’s new record highs in the S&P 500 and Dow Jones Industrial helped set the tone for today’s advance in the Asia Pacific region and Europe. The MSCI Asia Pacific Index snapped a two-day decline, with other major markets rising today. The Dow Jones Stoxx 600 had edged to new...
Read More »Looking Past Gigantic Base Effects To China’s (Really) Struggling Economy
The Chinese were first to go down because they had been first to shut down, therefore one year further on they’ll be the first to skew all their economic results when being compared to it. These obvious base effects will, without further scrutiny, make analysis slightly more difficult. What we want to know is how the current data fits with the overall idea of recovery: is it on track, perhaps going better than thought, or falling short. Another set of huge positives...
Read More »FX Daily, March 15: Big Week Begins Quietly
Swiss Franc The Euro has fallen by 0.24% to 1.1077 EUR/CHF and USD/CHF, March 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are beginning a new and busy week in a non-committal fashion. Equities are mixed. Except for Japan, Hong Kong, and Australia, most markets in the Asia Pacific region were lower, led Chinese and Indian shares. Europe’s Dow Jones Stoxx 600 ended a four-day advance...
Read More »FX Daily, March 10: Markets are not Yet Convinced that Yesterday’s Move Signaled a Trend Change
Swiss Franc The Euro has risen by 0.39% to 1.1078 EUR/CHF and USD/CHF, March 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Fear that yesterday’s reversals represent little more than one-day wonders is contributing to the overall consolidative tone today. Most equity markets in the Asia Pacific region and Europe edged higher. China’s stocks tumbled yesterday, despite reports of official assistance, were...
Read More »