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Tag Archives: Japan

FX Daily, November 18: Balancing Pandemic Surge with Optimism about Vaccine

Swiss Franc The Euro has fallen by 0.01% to 1.0806 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: News that Tokyo will go to its highest alert as it faces a rising contagion snapped a 12-day rally in the Nikkei, but most bourses in the Asia Pacific region excluding Japan advanced, though Chinese equities were mixed. European equities are narrowly mixed as the Dow Jones Stoxx 600...

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FX Daily, November 16: Risk-On Despite Surging Pandemic

Swiss Franc The Euro has risen by 0.04% to 1.0799 EUR/CHF and USD/CHF, November 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Despite the surging pandemic and new restriction measure, risk-appetites appear strong to start the week. Led by 2% gains in the Nikkei and Taiwan’s Taiex, all of the Asia Pacific region’s equity markets advanced. European markets have followed suit and the Dow Jones Stoxx 600 is...

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FX Daily, November 12: Nervous Calm in the Capital Markets

Swiss Franc The Euro has fallen by 0.14% to 1.0788 EUR/CHF and USD/CHF, November 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is a nervous calm in the capital markets today. The equity rally in the Asia Pacific region stalled to end an eight-day rally, though the Nikkei’s rally remains intact. The Dow Jones Stoxx 600 in Europe is consolidating near eight-month highs visited yesterday, and US shares...

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FX Daily. October 29: Markets Continue to Struggle

Swiss Franc The Euro has fallen by 0.11% to 1.0681 EUR/CHF and USD/CHF, October 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The spreading virus that is shutting down large parts of Europe, while the US is reluctant to return to lockdowns and refuses to have a nationwide requirement for masks in public hit risk assets yesterday. The S&P posted its largest decline in four-months yesterday (~3.5%), and...

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FX Daily, October 1: Hope Springs Eternal

Swiss Franc The Euro has fallen by 0.10% to 1.0779 EUR/CHF and USD/CHF, October 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Speculation that a new round of fiscal stimulus from the US is possible is encouraging risk-taking today.  Many large Asian centers were closed for holidays today, and a technical problem prevented the Tokyo Stock Exchange from opening. Nevertheless, the markets that were open rose by...

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FX Daily, September 24: Darkest Before Dawn

Swiss Franc The Euro has risen by 0.07% to 1.0779 EUR/CHF and USD/CHF, September 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The two recent market developments, push lower in stocks, and higher in the dollar is continuing. Tuesday’s gains in the S&P 500 and NASDAQ were unwound on Wednesday and this is helping drag global markets lower. The MSCI Asia Pacific Index fell for the fourth consecutive...

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Uh Oh, The Dollar Has Caught A Bid

Anyone who follows Alhambra knows that we keep an eye on the dollar. It is a very important part of our process of identifying the economic environment. A rising dollar, when combined with a falling rate of growth, can be a lethal combination. That was the situation in March and of course during the financial crisis of 2008. So the recent rally is something that has got our attention. For now, though, we don’t see any significant stresses in the system that would...

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Reopening Inertia, Asian Dollar Style (Still Waiting On The Crash)

Why are there still outstanding dollar swap balances? It is the middle of September, for cryin’ out loud, and the Federal Reserve reports $52.3 billion remains on its books as of yesterday. Six months after Jay Powell conducted what he called a “flood”, with every financial media outlet reporting as fact this stream of digital dollars into every corner of the world, how can there be anything greater than zero in overseas liquidity swaps? Six months is an eternity....

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Re-recession Not Required

If we are going to see negative nominal Treasury rates, what would guide yields toward such a plunge? It seems like a recession is the ticket, the only way would have to be a major economic downturn. Since we’ve already experienced one in 2020, a big one no less, and are already on our way back up to recovery (some say), then have we seen the lows in rates? Not for nothing, every couple years when we do those (record low yields) that’s what “they” always say and yet...

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FX Daily, September 11: Still Reluctant to take Euro above $1.19 but Sterling Remains Unloved

Swiss Franc The Euro has risen by 0.09% to 1.0765 EUR/CHF and USD/CHF, September 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Yesterday’s roller-coaster price action has not had much impact on today’s activity. The slide in US equities after early gains failed to prevent Japanese, Chinese, and Hong Kong equities from advancing, though other markets in the region were not as resilient. It is the first...

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