Swiss Franc The Euro has risen by 0.32% to 1.0698 EUR/CHF and USD/CHF, June 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The nearly three-month rally in risk assets ended with high drama with a stomach-churning almost 6% slide in the S&P 500 yesterday. Follow-through selling was seen in the Asia Pacific region, but most markets recovered from their lows, and although losses were still recorded, the...
Read More »Miracles Aren’t Shovel-Ready
The monetary mouse. After years of Mario Draghi claiming everything under the sun available with the help of QE and the like, Christine Lagarde came in to the job talking a much different approach. Suddenly, chastened, Europe’s central bank needed assistance. So much for “do whatever it takes.” They did it – and it didn’t take. Lagarde’s outreach was simply an act of admitting reality. Having forecast an undercurrent of worldwide inflationary breakout (how...
Read More »FX Daily, April 16: Markets Brace for another Jump in US Weekly Jobless Claims
Swiss Franc The Euro has fallen by 0.06% to 1.0513 EUR/CHF and USD/CHF, April 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equity losses in the US appeared to drag most Asia Pacific markets lower today, with China and India the notable exceptions. European bourses are higher, and the only energy sector is a drag on the Dow Jones Stoxx 600, which is around 1% higher in late morning turnover, while US shares...
Read More »FX Daily, February 12: The Greenback Slips in Subdued Activity
Swiss Franc The Euro has fallen by 0.08% to 1.064 EUR/CHF and USD/CHF, February 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors appear to be increasingly looking past the latest coronavirus from China as new afflictions slow. Despite the soggy close of US equities yesterday, Asia Pacific bourses are nearly all higher, led by more than 1% gains in Singapore and Thailand. The Dow Jones Stoxx 600 is...
Read More »FX Daily, December 12: Enguard Lagarde
Swiss Franc The Euro has risen by 0.08% to 1.0946 EUR/CHF and USD/CHF, December 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.comeur - Click to enlarge FX Rates Overview: With the FOMC meeting delivered no surprises, attention turns to the ECB meeting as the UK go to the polls. Lagarde will hold her first press conference as ECB president today, and it will naturally command attention. Equities are advancing today, and tech appears to be leading...
Read More »FX Daily, November 13: Investors Temper Euphoria
Swiss Franc The Euro has fallen by 0.27% to 1.09 EUR/CHF and USD/CHF, November 13(see more posts on EUR/CHF, USD/CHF, ) Source: market.ft.com - Click to enlarge FX Rates Overview: The recent rise in equity markets and backing up in yields spurred many observers to upgrade their macroeconomic outlooks rather than the other way around. Yet we continue to see may worrisome signs. It is not just trade, though, of course, that is part of it. Sentiment itself is...
Read More »FX Daily, October 14: Optimism Took the Weekend Off
Swiss Franc The Euro has fallen by 0.16% to 1.0979 EUR/CHF and USD/CHF, October 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Japanese and Canadian markets are on holiday today. While the US bond market is closed, equities maintain their regular hours today. Asia Pacific equities rallied, led by 1% of more gains in China, Taiwan, South Korea, and Thailand. The buying did not continue in Europe, and after a...
Read More »FX Daily, September 12: Focus on the ECB, while the Dollar Slips below CNY7.09
Swiss Franc The Euro has fallen by 0.13% to 1.0914 EUR/CHF and USD/CHF, September 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Some gestures in the US-China trade spat have given the market the reason to do what it had been doing, and that is taking on more risk. Equities are higher in Asia Pacific and opened in Europe higher before slipping. The MSCI Asia Pacific and the Dow Jones Stoxx 600 are advancing...
Read More »FX Daily, June 13: Financial Statecraft or Whack-a-Mole
Swiss Franc The Euro has fallen by 0.32% at 1.1199 EUR/CHF and USD/CHF, June 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After roiling the markets by threatening escalating tariffs on Mexico, US President Trump has threatened China that if Xi does not meet him and return to the positions that the US claims it had previously, he will through on imposing...
Read More »FX Daily, April 12: Euro Bid Above $1.13 for the First Time this Month
Swiss Franc The Euro has risen by 0.29% at 1.1317 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: The consolidative week in the capital markets is drawing to a close. Equity markets are narrowly mixed. In Asia, most indices outside of the greater China (China, Taiwan, and Hong Kong) edged higher, leaving the MSCI Asia Pacific Index...
Read More »