Swiss Franc Switzerland SVME Purchasing Managers Index (PMI), January 2017(see more posts on Switzerland SVME PMI, ) Source: Investing.com - Click to enlarge GBP / CHF The pound still remains on the back foot against the Swiss Franc with rates for GBP CHF sitting just below 1.25 for this pair. The pound is struggling to gain momentum against all of the major currencies as Brexit is just around the corner. The...
Read More »FX Weekly Preview: Yellen nor Kuroda nor Carney will Take the Spotlight from Trump
Summary: Fed, BOJ, and BOE meet next week, each may adjust economic assessments in more favorable direction. Key challenge for many investors is the new US Administration. US employment, EMU inflation, Q4 GDP, and China’s PMI are among the data highlights. Three major central banks meet in the week ahead, and there are several important reports due out that will give investors more insight into how the...
Read More »Great Graphic: Mexico and China Unit Labor Costs
Summary: Mexico has been gaining competitiveness over China before last year’s depreciation of the peso. The depreciation of the peso, and other US actions can contribute to the destabilization of Mexico. An economically prosperous and stable Mexico has long been understood to be in the US interest. This Great Graphic was posted by David Merkel on his AlephBlog with a hat tip to Sober Look. It looks at the...
Read More »FX Daily, January 27: Week Ending on Mixed Note as Year of Rooster Begins
Swiss Franc EUR/CHF - Euro Swiss Franc , January 27(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Sterling Swiss Franc Exchange Rate Update Sterling vs the Swiss Franc has been going in an upwards direction this week after the Brexit verdict released on Tuesday morning. Initially this caused the Pound to fall vs the Swiss Franc but since then Sterling has continued to go upwards. Later today UK Prime...
Read More »FX Daily, January 23: Dollar’s Pre-Weekend Retreat Extended in Asia Before Stabilizing in Europe
Swiss Franc EUR/CHF - Euro Swiss Franc, January 23(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar had a poor close in the North American session before the weekend as investors appear increasing anxious about the new US Administration’s economic policies and priorities.With no fresh details emerging over the weekend, some stale dollar longs exited. The dollar stabilized in the European...
Read More »FX Daily, January 13: Corrective Forces Persist
Swiss Franc EUR/CHF - Euro Swiss Franc, January 13(see more posts on EUR/CHF, ) - Click to enlarge Supreme Court Judgement expected imminently The Supreme Court Judgement on whether parliament will have to O.K the triggering of article 50 is ongoing and when the ruling is announced expect big swings on GBP/CHF. I think the likely outcome will be that parliament will get the vote, most broad sheet papers have...
Read More »Cool Video: CNBC’s Power Lunch-China and Mexico
Marc Chandler Source: cnbc.com - Click to enlarge Two central banks were particularly active today. Chinese officials appear to be engineering short squeeze that has lifted the yuan 1.2% over the past two sessions. While this does not sound like much, it is a record two-day move, for the still closely managed currency. In addition to formal and informal capital controls, Chinese officials have reportedly used moral...
Read More »FX Daily, January 06: Dollar Consolidates Losses, Peso Firms while Yuan Reverses
Swiss Franc EUR/CHF - Euro Swiss Franc, January 06(see more posts on EUR/CHF, ) - Click to enlarge I am reading a lot about the pound in 2017 which is likely to be as volatile as in 2016. But the Franc is a harder beast to predict. Loosely tracking the euro but subject to its own rules and trends GBP/CHF could be an interesting pair to watch in 2017. There are numerous global events which can shape the...
Read More »FX Weekly Preview: Forces of Movement
Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: US election results accelerated forces that were already present. Interest rates have appeared to bottom, fiscal stimulus in Canada and Japan already evident, and divergence between US and EMU/Japan monetary policy. US stimuli may reach when the economy...
Read More »Cool Video: Bloomberg Interview – Peso, Equities, Yuan
Mark Chandler - Click to enlarge Even before the my polling station opened today, I had the privilege of being on Bloomberg Surveillance today with Gina Cervetti and Tom Keene. We talk about a wide range of issues directly and tangentially related to the US election. We discuss the outcome the market appears to be discounting. We talk about peso’s strength, which began in the second half of last week, before the FBI...
Read More »