Category Archive: 4) FX Trends

Main Author Marc Chandler
Marc Chandler
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.
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FX Daily, March 9: Monday Meltdown

2020-03-09

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2020-03-09

Overview: Equities plunged, and yields sank as the coronavirus threatens a global recession. The oil price war signaled by Saudi Arabia and Russia aggravates the desperate situation. Equities markets in the Asia Pacific region slumped 3-7%. The Shanghai Composite was fell 3%. The Nikkei was off by 5%, and Australia was hit among the hardest with a 7.3% loss.

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FX Daily, March 06: Panic Deepens, US Employment Data Means Little

2020-03-06

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2020-03-06

The sharp sell-off in US equities and yields yesterday is spurring a mini-meltdown globally today. Many of the Asia Pacific markets, including Japan, Australia, Taiwan, and India, saw more than 2% drops, while most others fell more than 1%. The MSCI Asia Pacific Index snapped the four-day advance had lifted it about 2.8% coming into today.

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Raffi Boyadjian | Precision Timekeepers Meet Motorsport | #RaffiBoyadjian | #Raffi_Boyadjian

2020-03-06

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Raffi Boyadjian | Glorious victory or heartbreaking defeat - it all hinges on a matter of seconds in the world of auto racing. It should, therefore, come as no surprise that there's a big need for high-precision timekeepers. Naturally, industry leaders have historically turned to Switzerland. Based in La Chaux-de-Fonds, high in the Jura mountains, is a brand that is known the world over for its precise watchmaking prowess and cult chronographs:...

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FX Daily, March 5: The Capital Markets YoYo Continues

2020-03-05

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2020-03-05

Overview: The 4.2% rally in the S&P 500 yesterday helped lift Asia Pacific markets earlier today, and the five basis point backing up of the US 10-year yield pushed regional yields higher. However, the coattails proved short, and Europe's Dow Jones Stoxx 600 is snapping a three-day advance and is off about 1.3% in late morning turnover to give back yesterday's gains.

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FX Daily, March 4: Equities Trade Higher, While Yields Continue to Fall

2020-03-04

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2020-03-04

Overview:  The G7 delivered up a nothing burger than was shortly followed by a 50 bp Fed cut.  The equity market seemed to enjoy it briefly and extended Monday's dramatic gains, before falling out of bed.  The S&P 500 lost about 2.2%, while the Dow Industrial slumped 3%, but shortly after the markets closed, equities began recovering, and the recovery carried over to the Asia Pacific region and Europe.

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Raffi Boyadjian | Pocket Watches | #Raffi_Boyadjian

2020-03-04

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Raffi Boyadjian | Die Taschenuhr: altmodisches Relikt oder zeitloser Klassiker? Raffi Boyadjian — Invented sometime in the early 16th century, the humble pocket watch served as an indispensable timekeeping companion for the better part of four centuries. #RaffiBoyadjian #Raffi_Boyadjian #chrono24

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Raffi Boyadjian | Men’s Watches — A Simple Way to Add Style | #RaffiBoyadjian

2020-03-04

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Raffi Boyadjian — When buying a men’s watch, there are many things to consider. Honestly, most men should probably own at least three watches, which we will go over, but the truth is, most men prefer one watch and will wear it regardless of what they’re doing. #RaffiBoyadjian #Raffi_Boyadjian

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March Monthly

2020-03-03

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2020-03-03

The new coronavirus that originated in China, apparently first detected in December, emerged on the world's stage in January and continues to dominate the investment climate. There are two critical questions for investors and businesses whose answers will likely be clearer in the first part of March. First, will Covid-19 be contained for the most part by the end of Q1? 

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FX Daily, March 2: Central Banks’ Words of Assurance have Short Life

2020-03-02

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2020-03-02

Overview: Comments beginning with Powell before the weekend, and BOJ and BOE earlier today promising support have saw equity markets briefly stabilize after last week's dramatic moves. The G7 will hold a teleconference this week, but speculation of a coordinated rate move does not seem particularly likely. Most of the large stock markets in the Asia Pacific region rallied, led by a 3%+ advance in China.

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The currency to own during the virus outbreak

2020-02-28

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The endless drip of new worrisome cases led market participants to unload everything in one of the worst weeks ever in equities. It’s an understandable reaction to the extreme uncertainty from the coronavirus. However almost all wealth needs to be held in some currency or some place; we look at the places that stand to benefit now and as the virus unfolds. LET'S CONNECT! Facebook ► http://facebook.com/forexlive Twitter ►...

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The currency to own during the virus outbreak

2020-02-28

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The endless drip of new worrisome cases led market participants to unload everything in one of the worst weeks ever in equities. It’s an understandable reaction to the extreme uncertainty from the coronavirus. However almost all wealth needs to be held in some currency or some place; we look at the places that stand to …

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FX Daily, February 28: Fallout Accelerates

2020-02-28

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2020-02-28

Overview: The dramatic response by investors to Covid-19 continues unabated and worse. The slide is accelerating. The S&P 500 posted a 4.4% loss yesterday, its worst session since 2011, and the sell-off is continuing. Many markets in Asia Pacific, including Japan, China, Korea, Australia, India, Singapore, and Thailand, fell by more than 3%.

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FX Daily, February 27: The Rot Continues but Somewhat Less Dollar Friendly

2020-02-27

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2020-02-27

A new phase of the Covid-19 is at hand. Yesterday was the first time that the number of new cases in the world surpassed the number of new cases China acknowledged. This confirms what we have known, namely that the battle for containing it in China has been lost.

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FX Daily, February 26: Dramatic Investor Adjustment Continues

2020-02-26

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2020-02-26

Overview: The warning by the US Center for Disease Control and Prevention that Americans should prepare for an outbreak of Covid-19 sent the S&P 500 tumbling to an 11-week low and the 10-year Treasury yield to a record low near 1.30%. The volatility of the S&P (VIX) jumped to its highest level since 2018. The sell-off in global equities continues unabated.

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FX Daily, February 25: Capital Markets Remain Fragile after Yesterday’s Bloodletting

2020-02-25

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2020-02-25

Overview: Yesterday's bloodletting in global equities has calmed, but investors remain on edge. Despite all the concerns that the markets were under-appreciating the implications of the new coronavirus, there is a sense that yesterday's moves were in excess. Japanese markets, which were closed on Monday, played catch-up today, and the Nikkei shed 3.3%.

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FX Daily, February 24: Stocks Slammed and Yields Drop as Virus Containment Fails

2020-02-24

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2020-02-24

Overview: The ring of containment of Covid-19 has grown from China. The new frontline is Japan, South Korea, Italy, and Iran. A lockdown of around 50k people near Milan and Austria blocking trains from Italy is scaring investors. Asian markets fell, but South Korea bore the brunt with a nearly 4% decline. The national holiday in Japan spared local equities.

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FX Weekly Preview: Sources of Imbalance and the Pushback Against New Divergence

2020-02-24

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2020-02-24

The US dollar's surge alongside gold has eclipsed the equity market rally as the key development in the capital markets. Even the traditional seemingly safe-haven yen was no match for the greenback.  The dollar appeared to have been rolling over in Q4 19, as the sentiment surveys in Europe improved, Japanese officials seemingly thought the economy could withstand a sales tax increase, and data suggested the Chinese economy was gaining some...

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FX Daily, February 21: Covid-19 Contagion Outside China Keeps Investors on the Defensive

2020-02-21

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2020-02-21

Overview:  The spread of Covid-19 outside of China and early signs of the economic consequences again emerged to weigh on investor sentiment.  Poor Japanese and Australian preliminary February PMI reports and some trade indications from South Korea saw most Asia Pacific equities sell-off.  China was an exception.  The small gain (0.3%), lifted the Shanghai Composite 4.2% on the week.

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FX Daily, February 20: Covid-19 Hits Yen and Korean Won

2020-02-20

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2020-02-20

The increase of Covid-19 cases in South Korea and Japan, coupled with China's changing reverting back to its previous methodology of calculation, dropping clinically-diagnosed cases have again weakened risk appetites and sent the dollar broadly higher. Fears of a Japanese recession are sapping the yen's role as a safe haven, and this helps explain why Japanese equities did react as positively to the weaker yen than is often the case.

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