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Tag Archives: trade

FX Daily, January 16: Markets Look for New Cues with US-China Trade Pact Signed

Swiss Franc The Euro has risen by 0.04% to 1.0749 EUR/CHF and USD/CHF, January 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets are calm today as investors await fresh trading incentives. New record highs in the US equity indices gave Asia Pacific stocks a lift, though China and Taiwan were notable exceptions. Europe’s Dow Jones Stoxx 600 is firm new record highs set last week. US...

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FX Daily, January 8: Hopes of De-Escalation Help Markets Stabilize

Swiss Franc The Euro has fallen by 0.27% to 1.079 EUR/CHF and USD/CHF, January 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Iranian retaliatory missile strike on Iraqi-bases housing US forces initially sparked a dramatic risk-off response throughout the capital markets. The muted response by the US coupled with signals from Tehran that it had “concluded” its proportionate measures saw the markets...

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FX Daily, December 16: China Data Surprises to the Upside while Europe’s Manufacturing PMI Disappoints

Swiss Franc The Euro has risen by 0.05% to 1.095 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: Despite better than expected Chinese data, and last week’s investor-friendly developments, Asia Pacific equities were mixed. Australia led the advancing bourses with a 1.6% gain, its largest for the year despite the government revising down growth and wages. China, Taiwan, and Indian...

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FX Daily, December 13: Stunning Tory Victory and US-China Trade Boosts Risk Assets

Swiss Franc The Euro has risen by 0.21% to 1.0964 EUR/CHF and USD/CHF, December 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The combination of a US-China trade deal and exit polls showing the Tories securing a majority in the House of Commons boosted risk assets, sent sterling flying, and the euro sharply higher.  Separately, the Fed stepped up its efforts to make as smooth as possible funding over the...

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FX Daily, December 11: Sterling Holds Firm Despite Tighter Poll

Swiss Franc The Euro has risen by 0.12% to 1.093 EUR/CHF and USD/CHF, December 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets continue to tread water as investors await this week’s key events. The first, the FOMC meeting concludes later today. Tomorrow features the UK election, where the race appears to have tightened, and Lagarde’s first ECB meeting at the helm. Global equities continue...

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FX Daily, December 09: China’s Steps-Up Import Substitution Strategy while USMCA Comes Down to the Wire

Swiss Franc The Euro has risen by 0.05% to 1.0949 EUR/CHF and USD/CHF, December 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The important week is off to a slow start. While the MSCI Asia Pacific benchmark extended its gains for a third session, European and US shares are struggling. The Dow Jones Stoxx 600 is consolidating its pre-weekend 1%+ rally, while US shares are trading heavier after rallying for...

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FX Daily, December 4: Hope Springs Eternal

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...

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FX Daily, December 3: US Brandishes Tariff Weapon and Weakens Animal Spirits

Swiss Franc The Euro has fallen by 0.29% to 1.0946 EUR/CHF and USD/CHF, December 3(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Asia Pacific equities mostly declined in sympathy with yesterday’s large sell-off in the US and Europe. China and Taiwan were the notable exceptions, while Australia’s 2.2% decline, following the central bank meeting that resulted in what many are seeing as a hawkish hold, led the...

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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...

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FX Weekly Preview: Is Conventional Wisdom Too Optimistic?

There have been three general issues that the macro-fundamental picture has revolved around this year:  trade, growth, and Brexit.  On all three counts, conventional wisdom seems unduly optimistic, and this may have helped dampen volatility. A series of signals suggest that the US and China remain far apart in trade negotiations.  The US wants China to promise to increase agriculture imports from American farms to more than twice the 2017 peak.  Not only is China...

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