Swiss Franc The Euro has risen by 0.14% at 1.1286 EUR/CHF and USD/CHF, January 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is an eerie calm over in the capital market through the European morning today despite some ostensibly worrisome developments. While many, like ourselves, expect UK Prime Minister May to survive a vote of confidence, it hardly...
Read More »FX Daily, January 15: New Phase Begins with UK Vote
Swiss Franc The Euro has risen by 0.17% at 1.1272 EUR/CHF and USD/CHF, January 15(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Several of the equity benchmarks are flirting with six-week highs, including MSCI Asia Pacific Index and the Emerging Markets Index. The Dow Jones Stoxx 600 is trying to extend its advancing streak for a third week, something not...
Read More »FX Daily, January 14: Dismal Chinese Trade Data Sets Tone
Swiss Franc The Euro has fallen by 0.33% at 1.1248 EUR/CHF and USD/CHF, January 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: China’s exports and imports were weaker than expected, though the trade surplus swelled to its widest in a couple of years. The implications have undermined equities and weighed on risk appetites more broadly. Nearly all the...
Read More »FX Weekly Preview: Europe Moves to the Center Ring
In recent weeks, the macro story focused on the shifting outlook for Fed policy and the Sino-American trade relationship. There is unlikely to be further progress on either issue in the week ahead. The Fed won’t raise interest rates until toward the middle of the year at the earliest. The government shutdown will limit new readings on the US economy. US and Chinese officials just met. Mid-level Chinese officials can...
Read More »Two Takeaways from ECB Record
The record of the ECB’s December meeting was released, and there are two takeaways. The first is that officials may have been more concerned with the deteriorating situation than they let on at the time. Apparently, paring near-term growth forecasts was seen as a sufficient signal that risks were increasing. This allowed Draghi to maintain the “broadly balanced” risk assessment. Although Draghi did acknowledge that the...
Read More »FX Daily, January 11: Trade Optimism and the Recovery in Oil Boosts Risk Appetites
Swiss Franc The Euro has fallen by 0.26% at 1.1287 EUR/CHF and USD/CHF, January 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Optimism on trade talks between the US and China coupled with the biggest rally in WTI in two years (11%+) have helped keep the equity market recovery intact.The MSCI Asia Pacific Index rose today, the eighth time in the past ten...
Read More »FX Daily, January 10: Equity Bounce Stalls while the Greenback Steadies at Lower Levels
Swiss Franc The Euro has risen by 0.39% at 1.1288 EUR/CHF and USD/CHF, January 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities, bonds and the dollar are consolidating the moves seen earlier this week. This means equities are trading heavy and bonds firmer. The euro is paring gains that carried it to its best level (~$1.1570) since mid-October. After...
Read More »FX Daily, January 09: Equities Continue Recovery, Greenback Remains Heavy
Swiss Franc The Euro has risen by 0.08% at 1.1233 EUR/CHF and USD/CHF, January 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities have extended the New Year rally. The MSCI Asia Pacific Index advanced for the fifth consecutive session and the 10th in the past 11. The Dow Jones Stoxx 600 in Europe is rising for the second consecutive session,...
Read More »FX Daily, January 8: Dollar Steadies, but Weakly for Turn-Around Tuesday
Swiss Franc The Euro has fallen by 0.15% at 1.1222 EUR/CHF and USD/CHF, January 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets remain calm after the surge in volatility seen over the last couple of weeks. Asian equities were mixed, with the Japanese, Australia and Indian shares gaining, but other large regional markets, like China,...
Read More »FX Daily, January 07: Recovery Falters in Europe
Swiss Franc The Euro has fallen by 0.08% at 1.1229 EUR/CHF and USD/CHF, January 07(see more posts on EUR/CHF, USD/CHF, ) - Click to enlarge FX Rates Overview: The combination of robust US jobs and wage growth, more comforting words from Powell and a strong rally US stocks before the weekend helped lift Asian markets today and underpinned risk-taking appetites. However, renewed protests in France (and Hungary)...
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