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Tag Archives: trade

FX Daily, June 29: USD is Offered in Quiet Start to the New Week

Swiss Franc The Euro has risen by 0.29% to 1.0671 EUR/CHF and USD/CHF, June 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The combination of rising virus cases and the sell-off in the US before the weekend dragged nearly all the Asia Pacific bourses lower. The Nikkei led the way with more than a 2% drop, but most bourses were off more than 1%. China and Taiwan were also greeted with selling as markets...

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FX Daily, May 21: Markets Pull Back after Flirting with Breakouts

Swiss Franc The Euro has risen by 0.40% to 1.0634 EUR/CHF and USD/CHF, May 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: New two and a half month highs in the S&P 500 yesterday failed to have much sway in the Asia Pacific region and Europe today as US-China tensions escalate and profit-taking set in. Perhaps it is a bit of “buy the rumor sell the fact” type of activity on the back of upticks in the...

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FX Daily, February 19: Investors’ Confidence Snaps Back

Swiss Franc The Euro has risen by 0.08% to 1.0617 EUR/CHF and USD/CHF, February 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After shunning risk yesterday, investors re-entered the fray today, and the animal spirits returned. The MSCI Asia Pacific Index snapped a four-day slide, and China’s markets were among the few losers in the region today. Europe’s Dow Jones Stoxx 600 recovered yesterday’s losses in...

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FX Daily, February 13: Surprise? China Undercounts Afflictions and Fatalities, Curbs Risk Taking

Swiss Franc The Euro has fallen by 0.13% to 1.0619 EUR/CHF and USD/CHF, February 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is one overriding driver today, and that is the incorporation of CAT scan diagnoses of the virus in Hubei, ground-zero. This follows the arrival of WHO officials into China a couple days ago. Not only have the cases jumped, but so did the number of deaths. It plays on fears...

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FX Daily, February 7: Dollar Rides High as Eurozone Disappoints, and Caution Sets In

Swiss Franc The Euro has fallen by 0.07% to 1.0692 EUR/CHF and USD/CHF, February 7(see more posts on EUR/CHF, USD/CHF, ) Source: makets.ft.com - Click to enlarge FX Rates Overview: A more cautious tone is evident today in the markets, which seem to have run well ahead of macro developments and evidence that the new coronavirus is not yet contained. After a roughly 3.5% advance in the past three sessions, the MSCI Asia Pacific index pulled back with nearly the...

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FX Daily, February 6: Stocks Push Higher but more Cautious Tone may be Emerging

Swiss Franc The Euro has risen by 0.07% to 1.071 EUR/CHF and USD/CHF, February 6(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The bullish enthusiasm that carried the S&P 500 to new closing highs yesterday is helping Asia Pacific and European shares today. The MSCI Asia Pacific Index rose for the third session with Tokyo, Hong Kong, and Korea jumping two percent. Europe’s Dow Jones Stoxx 600 gapped to new...

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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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