Swiss Franc The Euro has risen by 0.19% to 1.0957 . FX Rates Overview: The prospect of not just the failure of the US and China to resolve its trade dispute but a new escalation has sapped the confidence that had lifted equity benchmarks and the greenback. Led by more than a 1% decline in Tokyo (Nikkei), Hong Kong, and Australia, all the major markets in the Asia Pacific region fell. European shares, perhaps encouraged by an upward revision to the flash composite...
Read More »FX Daily, December 2: PMIs Provide Latest Fuel for Equity Markets
Swiss Franc The Euro has fallen by 0.10% to 1.0999 EUR/CHF and USD/CHF, December 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Mostly better than expected manufacturing PMI readings for December, including in China, is providing the latest incentive for equity market bulls. Led by the Nikkei, which was aided by a weaker yen major equity markets in Asia Pacific rallied and recouped most of the nearly 1% loss...
Read More »FX Daily, November 27: In Search of New Incentives
Swiss Franc The Euro has risen by 0.01% to 1.0985 EUR/CHF and USD/CHF, November 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets are subdued. There have been few developments to induce activity. Even President Trump’s claims that the talks with China are in the “final throes” failed to excite. Equities are extending their advance. Bonds are little changed, and the dollar is mostly...
Read More »FX Daily, November 26: Some Are More Equal Than Others
Swiss Franc The Euro has risen by 0.08% to 1.0982 EUR/CHF and USD/CHF, November 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Neither optimistic comments from Federal Reserve Chairman, that the economic glass is more than half full, nor a seemingly positive spin on the weekend fall calendar between Chinese and US officials have succeeded in deterring some profit-taking today. Most of the large markets in...
Read More »FX Daily, November 25: Hong Kong, China, and UK Election Hopes Fan Modest Risk-Taking
Swiss Franc The Euro has risen by 0.18% to 1.0997 EUR/CHF and USD/CHF, November 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The combination of the victory of the pro-democracy movement in Hong Kong and an apparent concession by China on intellectual property rights is helping bolster risk appetites to start the week. Equities are higher. Hong Kong’s Hang Seng led Asia Pacific equities with a 1.5% gain,...
Read More »FX Daily, November 22: Europe’s Flash PMI Disappoints and Hong Kong Shares Advance Ahead of Sunday’s Election
Swiss Franc The Euro has risen by 0.18% to 1.0997 EUR/CHF and USD/CHF, November 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities in the Asia Pacific managed to mostly shrug off the drag of the losses in US equities yesterday. China and India could not escape the pull, but most other bourses were higher, led by Singapore and Hong Kong. It was the second consecutive week that the MSCI Asia Pacific Index...
Read More »FX Daily, November 21: Markets Hear What it Wants from China’s Chief Negotiator, but HK maybe New Obstacle
Swiss Franc The Euro has risen by 0.14% to 1.0984 EUR/CHF and USD/CHF, November 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The strongest signs to date that even phase one of a US-China trade deal is proving elusive helped spur the risk-off mood that had already been emerging. The S&P 500 fell by the most in a month (~-0.40%) yesterday, closing the gap from last week we had noted was the risk, and...
Read More »FX Daily, November 20: Dollar Snaps Back
Swiss Franc The Euro has risen by 0.14% to 1.0984 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: The idea that a US-China trade deal is proving more elusive than the agreement in principle on October 11 implied is being seized upon to spur what we suspect is an overdue round of profit-taking in global equities. The MSCI Asia Pacific Index snapped a three-advance, with over 1%...
Read More »FX Daily, November 19: Hong Kong Stocks Rally as Stand-Off Continues
Swiss Franc The Euro has risen by 0.25% to 1.0981 EUR/CHF and USD/CHF, November 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The run-up in equities continues to be the dominant development in the capital markets. Although the Japanese and South Korean bourses fell, the rise in Australia, China, Hong Kong, and Taiwan underpin the MSCI Asia Pacific Index. The Hang Seng’s gains (1.5% on top of yesterday’s...
Read More »FX Daily, November 18: Sterling Shines in Subdued Start to the New Week
Swiss Franc The Euro has unchanged by 0.00% to 1.0935 EUR/CHF and USD/CHF, November 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities in Europe and the US look to extend their six-week rally, while the MSCI Asia Pacific Index gets back on the winning way after stumbling last week. Despite the escalation of the conflict in Hong Kong, the Hang Seng rose 1.35% to lead the region and recoup a chunk of last...
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