Tag Archives: SPX

Swiss Franc The Euro has fallen by 0.50% at 1.132 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: Yesterday’s 3% drop in the NASDAQ is setting the tone for today. The US stock market advance had been led by a narrow group of equities, and those have come under strong pressure amid slower consumer demand and stricter export control....

Swiss Franc The Euro has risen by 0.28% at 1.137 EUR/CHF and USD/CHF, November 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar has a heavier bias against most of the major and emerging markets currencies, but the pullback is shallow, and the greenback’s underlying strength is still evident. Asian equities were mixed. Concern that Apple may be...

I joined Charles Payne on Fox Business TV for a broad economic discussion today.  Payne, like many, are concerned that the Fed continues to tighten and worries this is going to end the business cycle. He also argued that the strong dollar was a significant threat of US multinational earnings. Charles Payne on Fox Business TV In this roughly 6.5 minute clip of the entire discussion (here), I suggest that the best...

The Federal Reserve’s confidence in the economy and its need to continue to gradually increase interest rates stands in sharp contrast to most of the other major central banks. The European Central Bank will finish its asset purchases at the end of the year, but it is in no position to begin to normalize interest rates. Indeed, the risk is that it may feel compelled to off another Targeted Long-Term Repo, which would,...

Swiss Franc The Euro has risen by 0.03% at 1.1455 EUR/CHF and USD/CHF, November 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dollar has fallen against nearly every currency. It had been moving lower at the start of the week, but what seems like a correction broadened and deepened following the US midterm election. The outcome was largely in line with...

Last month’s downdraft in equities spooked investors. The fear that is often expressed is that the end of the business cycle may coincide with the end of a credit cycle and a return to 2008-2009 crisis. It seems like an increasing number of economists agree with the sentiment expressed by President Trump that the Fed is too aggressive. Of course, they do not think the president should comment on Fed policy, but they...

Swiss Franc The Euro has fallen by 0.19% at 1.1378 EUR/CHF and USD/CHF, October 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After sliding hard this month, equities continue to stabilize into month-end. All of the equity markets in Asia-Pacific rallied with the help of a solid close in the US. European bourses are higher too as the Dow Jones Stoxx 600...

Equities  Global equities have sold off hard. The magnitude of the recent loss is similar to what happened earlier this year. The MSCI World Index of developed countries fell 10.5% in January-February carnage and are now off about 11% this month. The MSCI Emerging Markets Index has matched the 11% loss back at the start of the year, but never truly recovering in between. The Dow Jones Stoxx 600 fell around 9% initially...

Swiss Franc The Euro has risen by 0.21% at 1.139 EUR/CHF and USD/CHF, October 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates FX: The Dollar Index broke above 96.00 yesterday and is consolidating today. Provided the 96.00 area holds, the next target is the year’s high near 97.00. The euro has been confined to a little more than a quarter of a cent. Players seem...

Swiss Franc The Euro has fallen by 0.31% at 1.1375 EUR/CHF and USD/CHF, October 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is firmer against the major currencies and most emerging market currencies. While the seemingly fragile equity markets are still the center of investors’ attention, the weakness of the eurozone flash PMI is disconcerting...