[unable to retrieve full-text content]The dollar was surprisingly strong this week. This despite a more hawkish ECB, bad U.S. economic data in the ISM surveys.
Read More »FX Weekly Review, September 05 – September 09: Dollar Proves Resilient as Market Rates Rise
Swiss Franc Currency Index The Swiss Franc index remained mostly unchanged during the last week: Some gains against the dollar, but losses versus the euro. Since Tuesday the euro moved upwards against CHF. Given thatSwiss GDP was stronger than the one in the euro zone, this is surprising. But we must recognize that Draghi could be the reason. Inflation forecasts of 1.2% in 2017 and 1.8% in the euro zone would mean...
Read More »FX Weekly Review, August 29 – September 2: Disappointing Jobs Data Doesn’t Break the Buck
[unable to retrieve full-text content]During this week the Swiss Franc index lost against both dollar and euro. The CHF index ended one percent down. Despite not convincing US jobs, the dollar index ended in positive territory.
Read More »The Dos Santos Succession Saga
Arguably one of the easier calls for us to make after 37 years in power was that President dos Santos would find ways of affording himself another 5 years in. Like any ‘effective’ leader, Mr. Santos made sure the final deal to do just that was stitched up long before the Party Congress formally convenes in Luanda, with a lower level MPLA ‘Central Committee’ already rubber stamping his name in mid-August. That also...
Read More »FX Weekly Review, August 15 – August 19: Swiss Franc index improves 5% compared to dollar index
Swiss Franc Currency Index The Swiss Franc index gained nearly 3% last week, while the dollar index lost over 2%. This gives a total gain of 5%. Swiss Franc Index (see more posts on Swiss Franc Index) Click to enlarge. Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency basket) On a three years interval, the Swiss Franc had a weak performance....
Read More »Toward Stagflation
Norway Real House Price Per M2 We have all heard the incredible stories of housing riches in commodity producing hotspots such as Western Australia and Canada. People have become millionaires simply by leveraging up and holding on to properties. These are the beneficiaries of a global money-printing spree that pre-dates the financial crisis by decades. The road toward such outsized gains in property is not paved...
Read More »FX Weekly Review, August 08 – August 12: Finally an Improvement of the CHF Index
Swiss Franc Currency Index The CHF index experienced its first good week since many weeks, when we compare it against the dollar index. It is up 1.25%, while the USD index lags with -0.50%. Click to enlarge. Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency basket) On a three years interval, the Swiss Franc had a weak performance. The dollar...
Read More »S&P To Open At New Record High As Commodities Rise, China Trade Disappoints
The meltup continues with the S&P500 set to open at new all time highs as futures rise 0.2% overnight, with European, Asian stocks higher, as job data pushed MSCI Asia Pacific Index towards highest close since Aug. 2015. Germany, U.K. economic data seen positive, with dollar, oil rising, and gold declining. Global equities advanced with commodities and emerging markets on speculation the U.S. economy is strong enough to sustain growth while only triggering a gradual increase in interest...
Read More »FX Weekly Review, August 01 – August 05: Does the Jobs Report Give the Greenback Legs?
Swiss Franc Currency Index Our weekly comparison with the dollar index: The positive performance of the Swiss franc index was reversed on Friday. Finally the dollar index had a better week than the Swiss Franc index. Click to enlarge. Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency basket) On a three years interval, the Swiss Franc had a...
Read More »FX Weekly Review, July 25 – July 29: Dollar Hobbled; Technicals Warn of More Losses
Swiss Franc Currency Index The Swiss Franc continued its bad performance against the dollar index that started with Brexit until the middle of the week. From the mid of the week the two indices converged again, because the U.S. had two bad data releases: Click to enlarge. Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency basket) On a three...
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