Tag Archives: EUR

Swiss Franc The Euro has risen by 0.44% at 1.1313 EUR/CHF and USD/CHF, January 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is paring yesterday’s gains against most of the major and emerging market currencies. Sterling pushed above $1.31, an 11-week high on news that the DUP would support Prime Minister’s Plan B that calls for limits on the...

I had a brief talk on the set with of Fox Business with Varney & Co today, but there is no video available. We began by talking about stocks. For several weeks, I have been suggesting to viewers that the S&P 500 could recover to 2700. Last Friday, the S&P 500 gapped higher and reached 2675. I did not like the gap and thought it would be quickly filled. That was yesterday. And after IBM earnings surprise and...

Swiss Franc The Euro has fallen by 0.14% at 1.1301 EUR/CHF and USD/CHF, January 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The eurozone’s preliminary composite PMI for January fell to its lowest level since July 2013. It reinforces expectations for a dovish Draghi press conference and saw the euro unwind yesterday’s gains. The US dollar is firmer against...

Swiss Franc The Euro has risen by 0.03% at 1.1327 EUR/CHF and USD/CHF, January 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities have fared better than the 1.4% slide in the S&P 500 yesterday may have implied. Asian markets were mixed, with China, Korea, Hong Kong, Thailand advancing. The Dow Jones Stoxx 600 from Europe is a little changed...

The ECB meets Thursday, and it may be best conceived as a transition meeting. It will lay the rhetorical groundwork for two things: a likely downgrade to the staff’s growth forecasts and moving toward a new round of long-term loans (targeted long-term refinance operations). Draghi’s speech last week to the European Parliament anticipated the themes he can be expected to develop in his press conference on Thursday. The...

Swiss Franc The Euro has fallen by 0.02% at 1.1328 EUR/CHF and USD/CHF, January 22(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is firmer against most major and emerging market currencies. The yen is a notable exception, and it is firmer, but well within recent ranges. The dollar-bloc currencies and the Norwegian krona are the weakest of the...

Swiss Franc The Euro has risen by 0.12% at 1.1332 EUR/CHF and USD/CHF, January 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Mixed data from China and the anticipation of Prime Minister May’s “Plan B” are the main talking points, while US stock and bond markets are closed today. Asia Pacific equities were higher, while European markets have failed to follow...

“The sky is falling. The sky is falling,” they cried, as equities plunged in December.  It is signaling a recession, we were told. Instead, global equities have begun the year with a strong advance. The S&P 500 gapped higher ahead of the weekend, extending this year’s rally to about 14%. It has now retraced more than 50% of the decline, not from the December high but from the record high in late September. It has...

Swiss Franc The Euro has fallen by 0.13% at 1.1311 EUR/CHF and USD/CHF, January 18(see more posts on EUR/CHF and USD/CHF, ) - Click to enlarge FX Rates Overview: Sentiment has improved since the volatility last month spooked investors and, perhaps, some policymakers. Global equities are rallying. The Shanghai Composite and the Nikkei are at their best levels in almost a month, while the Dow Jones Stoxx 600 is at...

Swiss Franc The Euro has risen by 0.32% at 1.1319 EUR/CHF and USD/CHF, January 17(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets remain relatively subdued as fresh trading incentives are awaited, including US corporate earnings. Some of the enthusiasm for risk-assets has diminished. The MSCI Emerging Markets Index has stalled after...