Economic Reports Scorecard The economic data since my last update has improved somewhat. It isn’t across the board and it isn’t huge but it must be acknowledged. As usual though there are positives and negatives, just with a slight emphasis on positive right now. Interestingly, the bond market has not responded to these slightly more positive readings with nominal and real yields almost exactly where they were in the...
Read More »FX Weekly Review, February 06 – 11: Further Dollar and CHF Strength versus Euro weakness ahead?
Swiss Franc Currency Index The major information about the Swiss economy since the beginning of the year were: New record in exports and in the trade surplus, albeit mostly driven by a few sectors: pharmaceuticals and chemicals. Considerable improvement of the consumer sentiment Improvement of the UBS consumption indicator. While in 2015, the trade surplus still expanded, we see clear tendencies that in 2017 the...
Read More »FX Weekly Review, January 30 – February 04: Reversal of Trump Reflation Trade Continues
Swiss Franc Currency Index The Swiss Franc index remained around the 2% gain that for the last month, the recovery from the Trump reflation trade. In this trade, investors preferred U.S. against European stocks. This tendency, however, is reversing now – and with it the franc recovered. Trade-weighted index Swiss Franc, February 04(see more posts on Swiss Franc Index, ) Source: market.ft.com - Click to...
Read More »FX Weekly Review, January 23 – 28: Dollar Downwards and CHF Upwards Correction, for how long?
Swiss Franc Currency Index The Swiss Franc index has a solid performance of 2.5% in the last month, while the dollar index is down nearly 3%. Trade-weighted index Swiss Franc, January 28(see more posts on Swiss Franc Index, ) Source: markets.ft.com - 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...
Read More »The US Dollar Is Now Overvalued Against Almost Every Currency In The World
In September 1986, The Economist weekly newspaper published its first-ever “Big Mac Index”. It was a light-hearted way for the paper to gauge whether foreign currencies are over- or under-valued by comparing the prices of Big Macs around the world. In theory, the price of a Big Mac in Rio de Janeiro should be the same as a Big Mac in Cairo or Toronto. After all, no matter where in the world you buy one, a Big Mac...
Read More »FX Weekly Review, January 16 – 21: Dollar Still Appears to Carving out a Bottom
Swiss Franc Currency Index During the last month the Swiss Franc index recovered some of the losses since the election of Donald Trump. Its performance is +2%, while the dollar index is 2% down. Trade-weighted index Swiss Franc, January 21(see more posts on Swiss Franc Index, ) Source: markets.ft.com - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted...
Read More »FX Weekly Review, January 09 – 14: Dollar Correction may be Over or Nearly So
Swiss Franc Currency Index For the first week since the election of Trump, the Swiss Franc index had a clearly better performance than the dollar index. It improved by 1.5% in the last ten days. Trade-weighted index Swiss Franc, January 14(see more posts on Swiss Franc Index, ) Source: markets.ft.com - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted...
Read More »Dollar, Futures Slump; Gold Spikes Over $1,200 After Trump Disappoints Markets
Risk assets declined across the globe, with European, Asian shares and S&P 500 futures all falling, while the dollar slumped against most currencies after a news conference by President-elect Donald Trump disappointed investors with limited details of his economic-stimulus plans, and the Trumpflation/reflation trade was said to be unwinding. "The risk was always that a president like Trump would end up upsetting that consensus (of faster U.S. growth, stronger dollar) view by introducing...
Read More »FX Weekly Review, January 02 – 07: Is the corrective phase of the dollar over?
Swiss Franc Currency Index The Swiss Franc Index has lost 1% over the course of the last month, while the dollar index improved by 2%. Trade-weighted index Swiss Franc, January 07(see more posts on Swiss Franc Index, ) Source: markets.ft.com - 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...
Read More »FX Weekly Review, December 26 – 30: Dollar Correction Poised to Continue
Swiss Franc Currency Index With last Friday’s break-down of the dollar, the Swiss Franc index could recover a bit. Its loss over December is now 1%. But the dollar index had a gain of 2%. Trade-weighted index Swiss Franc, December 30(see more posts on Swiss Franc Index, ) Source: FT.com - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency...
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