Swiss Franc The Euro has risen by 0.01% to 1.0893 EUR/CHF and USD/CHF, December 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It is risky to read too much into the price action in holiday-thin markets, but inflation fears are beginning to surface. The price of January WTI is around $61, having tested $50 a barrel in Q3. The CRB Index made new highs for the year yesterday and is up almost 9% for the year....
Read More »FX Daily, December 18: Markets Turn Quiet Ahead of Central Bank Meetings
Swiss Franc The Euro has fallen by 0.22% to 1.0905 EUR/CHF and USD/CHF, December 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets have turned quiet as the year-end positioning drives prices in lieu of fresh developments. Equities in the Asia Pacific region were narrowly mixed. The smaller markets in Asia performed better than the large bourses of Japan, China, and Korea, which eased....
Read More »FX Daily, December 17: Sterling Drops as New Brinkmanship Begins
Swiss Franc The Euro has risen by 0.04% to 1.0945 EUR/CHF and USD/CHF, December 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Efforts by a UK Prime Minister emboldened by a strong electoral victory to ensure that trade negotiations with the EU are not extended as the divorce has encouraged further profit-taking on sterling. After testing the $1.35 area on the exit polls last week, sterling had returned...
Read More »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...
Read More »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...
Read More »FX Daily, December 12: Enguard Lagarde
Swiss Franc The Euro has risen by 0.08% to 1.0946 EUR/CHF and USD/CHF, December 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.comeur - Click to enlarge FX Rates Overview: With the FOMC meeting delivered no surprises, attention turns to the ECB meeting as the UK go to the polls. Lagarde will hold her first press conference as ECB president today, and it will naturally command attention. Equities are advancing today, and tech appears to be leading...
Read More »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...
Read More »FX Daily, December 10: Capital Markets: Still Seems to be the Calm before the Storm
Swiss Franc The Euro has fallen by 0.06% to 1.0921 EUR/CHF and USD/CHF, December 10(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities are trading lower, and bonds are mixed as the FOMC, UK election, and the US decision on the December 15 tariffs draw near. The MSCI Asia Pacific Index three-day rally ended today as only China and South Korea’s markets rose. Europe’s Dow Jones Stoxx 600 gapped slightly...
Read More »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...
Read More »FX Daily, December 6: And Now for the Employment Report
Swiss Franc The Euro has risen by 0.26% to 1.0977 EUR/CHF and USD/CHF, December 6(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Asia Pacific equities closed higher today, with India being a notable exception. Hong Kong and South Korea led with 1% rallies. For the week, the MSCI index for the region advanced to snap a three-week decline. European and US bourses have not fared as well. The Dow Jones Stoxx 600...
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