Swiss Franc The Euro has risen by 0.37% at 1.1235 EUR/CHF and USD/CHF, June 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The recovery in equities continues today in light news day. Nearly all the bourses in the Asia Pacific region rose, led by a 2.6% gain of the Shanghai Composite. The MSCI Asia Pacific Index rose for a third session. European equity...
Read More »FX Daily, July 11: Escalating Trade Tensions Set Tone for Capital Markets
Swiss Franc The Euro has fallen by 0.06% to 1.1639 CHF. EUR/CHF and USD/CHF, July 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US took the first step in making good its threat to put a 10% tariff on $200 bln of Chinese goods in response to the PRC retaliating for the 25% tariff on $34 bln of its exports. The US provided a list of products that will get the new...
Read More »FX Daily, May 09: Oil Prices Surge and Dollar Gains Extended Post Withdrawal Announcement
Swiss Franc The Euro has risen by 0.29% to 1.1914 CHF. EUR/CHF and USD/CHF, May 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is broadly higher as the 10-year yield probes above 3.0%. Disappointing French industrial production and manufacturing data for March provided additional incentive, as if it were needed, to extend the euro’s losses. The euro...
Read More »FX Daily, April 10: XI’s Day, but Not So Good for Putin
Swiss Franc The Euro has risen by 0.25% to 1.1807 CHF. EUR/CHF and USD/CHF, April 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates It did not look so good. The S&P 500 fell about 1.65% in the last couple hours of trading yesterday paring its gains. Press reports indicated that President Trump’s lawyer’s office, house and hotel were the subject of search warrants. A...
Read More »FX Daily, February 15: Stocks Jump, Bonds Dump, and the Dollar Slumps
Swiss Franc The Euro has fallen by 0.24% to 1.1535 CHF. EUR/CHF and USD/CHF, February 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The significant development this week has been the recovery of equities after last week’s neck-breaking drop, while yields have continued to rise. The dollar has taken is cues from the risk-on impulse from the equity market and the...
Read More »FX Daily, January 11: Capital Markets Calmer, Greenback Consolidates
Swiss Franc The Euro has risen by 0.45% to 1.1735 CHF. EUR/CHF and USD/CHF, January 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates As market participants were just getting their sea legs back after the start of the year, it was hit by a one-two punch of ideas that BOJ policy was turning less accommodative and that Chinese officials were wary of adding to their Treasury...
Read More »Bubble Watch: Warning Signs That The Everything Bubble Will Burst in 2018
I believe 2018 will be the year inflation arrives. The reason, as I’ve noted throughout mid-2017, is that multiple Central Banks, particularly the European Central Bank (ECB), Bank of Japan (BoJ) and Swiss National Bank (SNB) have maintained emergency levels of QE and money printing, despite the fact that globally the economy is performing relatively well. All told, in 2017 alone, these Central Banks will printed over...
Read More »FX Daily, December 12: UK Front and Center, but Sterling is Laggard in Today’s Move Against the Dollar
Swiss Franc The Euro has fallen by 0.15% to 1.1651 CHF. EUR/CHF and USD/CHF, December 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Trends The US dollar is trading with a lower bias against most of the major and emerging market currencies. The upside surprise in Sweden’s inflation is helped the krona recover from its recent slide. It is the strongest of the majors, gaining...
Read More »FX Daily, November 14: Euro Rides High After German GDP
Swiss Franc The Euro has risen by 0.22% to 1.1646 CHF. EUR/CHF and USD/CHF, November 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Sterling is trading in the lower end of yesterday’s range and has been confined to about a quarter a cent on either side of $1.31. On the other hand, the euro has pushed a bit through GBP0.8950 to reach its best level since October 26....
Read More »FX Daily, October 12: Discipline Argues Against Consensus Narrative
Swiss Franc The Euro has risen by 0.09% to 1.155 CHF. EUR/CHF and USD/CHF, October 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Following the release of the FOMC minutes from last month’s meeting, the consensus narrative that has emerged says that it was dovish because there is a growing worry the reason inflation fell is not simply due to transitory factors. This...
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