Tag Archives: Federal Reserve

Swiss Franc The Euro has risen by 0.26% to 1.0789 EUR/CHF and USD/CHF, December 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 snapped a four-day downdraft helped by optimism over the progress toward fiscal stimulus and some hope that a new trade deal can still be negotiated between the UK and EU. Europe reported better than expected PMIs. Equities are broadly higher, as are interest rates,...

If anything is going to be charged off, it might be student loans. All the rage nowadays, the government, approximately half of it, is busily working out how it “should” be done and by just how much. A matter of economic stimulus, loan cancellation proponents are correct that students have burdened themselves with unprofitable college “education” investments. Without any jobs, let alone enough good jobs, an entire generation of Americans has been hamstrung,...

Swiss Franc The Euro has fallen by 0.14% to 1.080 EUR/CHF and USD/CHF, November 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that the stimulus talks between the House Democrats and Senate Republicans was the excuse traders were looking for to extend the US equity gains yesterday, but shortly after the close, confirmation that Treasury was not going to agree to extend several Fed facilities sent stocks...

Swiss Franc The Euro has fallen by 0.15% to 1.0802 EUR/CHF and USD/CHF, November 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Moderna’s announcement did not spur nearly the magnitude of the disruption caused by Pfizer’s similar announcement a week ago. Still, in the US, the NASDAQ underperformed the other indices, and the US Dow Industrials saw record highs. US yields were firm, and the 10-yield rose...

Swiss Franc The Euro has fallen by 0.05% to 1.0781 EUR/CHF and USD/CHF, October 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 and NASDAQ closed at their highest levels in around a month yesterday, recouping Tuesday’s presidential tweet-driven drop. We thought the market overreacted to the end of the fiscal talks as many had already recognized that a stimulus agreement was unlikely before...

The economic data over the last month continued to improve but the breadth of improvement has narrowed. Additionally, while most of the economic data series are still improving, the rate of change, as Jeff pointed out recently, has slowed. I guess that isn’t that surprising as the initial phase of the recovery comes to an end. 2nd quarter was a giant downdraft and 3rd quarter saw an initial rapid climb out the giant hole dug by the shutdowns (an own goal of epic...

Swiss Franc The Euro has risen by 0.13% to 1.0775 EUR/CHF and USD/CHF, September 18(see more posts on EUR/CHF, USD/CHF, ). FX Rates Overview: Asia Pacific equities have taken the march on the US. Led by a 2% rally in Shanghai, most regional markets but Australia closed the week with gains.  A two-week fall in the MSCI Asia Pacific Index has been snapped. European stocks are little changed, and the Dow Jones Stoxx 600 is holding on to its second week of gains. It...

Swiss Franc The Euro has risen by 0.02% to 1.0743 EUR/CHF and USD/CHF, September 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Profit-taking after the FOMC meeting saw US equities and gold sell-off. The high degree of uncertainty without fresh stimulus did not win investors’ confidence. The Fed signaled rates would likely not be hiked for the next three years, and without additional measures, that appears...

Swiss Franc The Euro has fallen by 0.04% to 1.0751 EUR/CHF and USD/CHF, September 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dollar has been sold against nearly all the world’s currencies ahead of what is expected to be a dovish Federal Reserve, even if no fresh action is taken. The Scandis and Antipodean currencies are leading the majors. The South African rand and Mexican peso are leading the...

Swiss Franc The Euro has risen by 0.22% to 1.0629 EUR/CHF and USD/CHF, July 10(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Record fatalities in a few US states, coupled with new travel restrictions in Italy and Australia, have given markets a pause ahead of the weekend. News that two state-backed funds in China took profits snapped the eight-day advance in Shanghai at the same time as there is an attempt...