Tag Archive: Czech

Serenity Now

2024-11-07

Overview: The markets are calmer after yesterday's post-US election drama. A consolidative tone has emerged in the foreign exchange market, and the dollar is softer against all the G10 currencies, led the 1% gain in the Norwegian krone, after the central bank left rates on hold. Sweden's Riksbank delivered the expected half-point cut and the krona is up 0.5%. Japanese officials warned against excessive moves, and the PBOC set the dollar's...

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US Polls Spur Position Adjusting Ahead of Tomorrow’s Election

2024-11-04

by Marc Chandler

2024-11-04

Overview: Weekend polls in the US made it seem that the Trump victory, which many large pools of capital, had discounted, was not so inevitable after all. The most dramatic market response was taking US yields and the dollar lower. The US 10-year yield is off about nine basis points to straddle 4.30% and the two-year yield down four basis points to around 4.16%. The greenback is also against all the G10 currencies. Most emerging market currencies...

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The Greenback Consolidates while Sustaining Break against the Yen

2024-06-27

by Marc Chandler

2024-06-27

Overview: The dollar is sporting a softer profile today against all the G10 currencies but the Swedish krona. The Riksbank sounded more dovish than previously, signaling the possibility of a cut in each of the last three meetings of the year. The dollar has sustained its push above JPY160 against the Japanese yen. Most emerging market currencies are also firmer, with the notable exception of Türkiye and South Africa. Türkiye is expected to keep its...

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Macro: Tell Us Something We Don’t Already Know

2022-09-24

by Marc Chandler

2022-09-24

As September winds down, three sets of economic reports will draw the most attention. We will review them and then offer a snapshot of the emerging market central bank meetings.

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FX Daily, October 11: Rate Expectation Adjustment Continues

2021-10-11

by Marc Chandler

2021-10-11

Overview: Equities are softer and yields higher to start the new week. The dollar is mixed. Oil and industrial metals are higher. There are several developments over the weekend, but the focus seems to be on central bank action, inflation reports by the US and China, and the start of the Q3 earnings season.

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What to Expect When You are Expecting

2021-09-22

by Marc Chandler

2021-09-22

Overview: The markets have stabilized since Monday's panic attack but have not made much headway. China and Taiwan returned from the extended holiday weekend. Mainland shares were mixed. Shanghai rose by about 0.4%, while Shenzhen fell by around 0.25%.

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FX Daily, June 22: Turn Around Tuesday or Dollar Rally Resumes?

2021-06-22

by Marc Chandler

2021-06-22

Firming long-term US yields have lent the dollar support after trading heavily yesterday. The greenback is around 0.15%-0.50% higher against the major currencies. The Japanese yen and Canadian dollar are among the more resilient, and the Australian dollar and sterling among the heaviest.

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These Are The Most Expensive (And Best) Cities Around The World

2017-05-06

by Tyler Durden

2017-05-06

Every year Deutsche Bank releases its fascinating index of real-time prices around the world which looks at the cost of goods and services from a purchase-price parity basis, to determine the most expensive - and in this year's edition, best - cities. As have done on several occasions in the past, we traditionally focus on one specific subindex: the cost of & cheap dates in the world's top cities.

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End of EUR/CZK peg: Czech National Bank

2017-04-09

by Win Thin

2017-04-09

The Czech National Bank (CNB) ended the EUR/CZK floor today. Timing was a little earlier than expected, but rising inflation and a robust economy warranted it. We think it’s too soon to talk about a rate hike, as we expect the koruna to overshoot to the strong side. POLICY OUTLOOK Price pressures are rising, with CPI accelerating to 2.5% y/y in February. March data will be reported April 10, with consensus at 2.6% y/y. If so,...

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80 percent Of Central Banks Plan To Buy More Stocks

2017-01-24

by Tyler Durden

2017-01-24

Central banks foreign-exchange reserves, Global debt

Regular readers remember how, when we first reported around the time of our launch eight years ago that central banks buy stocks, intervene and prop up markets, and generally manipulate equities in order to maintain confidence in a collapsing system, and avoid a liquidation panic and bank runs, it was branded "fake news" by the established financial "kommentariat."

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Will The ECB Buy Stocks?

2016-10-05

by Nick Kounis

2016-10-05

Debate about the ECB’s stimulus options have continued to rage, with an equity purchase plan mentioned as a possibility. We think the ECB could legally buy ETFs that fit its requirements… but it would be controversial and we question the benefits. An ETF programme could total EUR 200bn, which would not be large compared to the overall QE programme.

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Europe Debates The Burkini: “We Will Colonize You With Your Democratic Laws”

2016-09-04

by Soeren Kern

2016-09-04

"We will colonize you with your democratic laws." — Yusuf al-Qaradawi, Egyptian Islamic cleric and chairman of the International Union of Muslim Scholars. "Beaches, like any public space, must be protected from religious claims. The burkini is an anti-social political project aimed in particular at subjugating women.

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Brexit: Switzerland Prospers outside the EU, why Can’t the UK?

2016-06-10

by John Browne

2016-06-10

As the June 23rd BREXIT (the UK-wide referendum to leave the EU) vote draws near, the polls indicate a close result. Those urging a vote for the UK to remain inside the EU are suggesting increasingly...

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EU Plans $290K Per Person Fine For Countries Refusing “Fair Share” Of Refugees; Angry Response Ensues

2016-05-05

by Tyler Durden

2016-05-05

As Norway offers cash for refugees to leave, announcing that they won't be accepting any more refugees from the EU, and Switzerland prepares its military to close down borders, the EU has seemingly had enough of every country acting as if it has any ...

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