Tag Archive: France Industrial Production

Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

FX Daily, May 15: Firm US Rates Underpin Greenback

2018-05-15

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2018-05-15

US 10-year rates are again probing the air above 3%, and this is encouraging a push back toward JPY110, with the euro slipping toward $1.19.  Asian equities fell, with the MSCI Asia Pacific shedding 0.8%, the most in nearly a month, snapping a three-day advance. China and India were able to buck the regional move. China's economic data was mostly softer than expected and is consistent with a gradual turn in the cycle as the Lunar New effect fades.

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FX Daily, April 10: XI’s Day, but Not So Good for Putin

2018-04-10

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2018-04-10

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 Bloomberg report citing people who knew said that China would consider devaluing the yuan.

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FX Daily, March 09: Today is about Jobs, but Not Really

2018-03-09

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2018-03-09

The US Administration has softened its initial hardline position of no exemptions for the new steel and aluminum tariffs. There is little doubt that the actions will be challenged at the World Trade Organization and the idea that national security includes the protection of jobs for trade purposes will be tested. At the same time, US President Trump has agreed to meet North Korea's Kim Jong Un.

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FX Daily, February 09: Equity Sell-Off Extends to Asia, but More Muted in Europe

2018-02-09

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2018-02-09

The 100-point slide in the S&P 500 and the 1000-point drop in the Dow Jones Industrials yesterday spurred more bloodletting in Asia. The 1.8% drop in the MSCI Asia Pacific Index (for a 6.7% loss for the week) may conceal the magnitude of the regional losses. At one point the CSI 300 of the large Chinese mainland shares was off more than 6% before closing off 4.3% (and 10% for the week). The H-shares index was down 3.9% and 12% for the week.

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FX Daily, January 10: Yen Short Squeeze Extended

2018-01-10

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2018-01-10

Sparked by fears that the BOJ took a step toward the monetary exit by reducing the amount of long-term bonds it is buying, there is an apparent scramble to cover previously sold yen positions. The dollar finished last week near JPY113.00. It fell to about JPY112.35 yesterday, near the 50% retracement of the greenback's bounce from the late-November lows near JPY110.85.

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FX Daily, September 08: US Dollar Tracks Yields Lower

2017-09-08

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2017-09-08

The US dollar has been unable to find any traction as US yields continue to move lower. The US 10-year year is slipping below 2.03% in European turnover, the lowest level in ten months. The risk, as we have noted, is that without prospects of stronger growth and inflation impulses, the yield returns to where was before the US election (~1.85%). The two-year note yield, anchored more by Fed policy than the long-end,  is also soft. It yielded 1.25%...

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FX Daily, January 10: Positioning more than Fundamentals Give Traders Pause

2017-01-10

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2017-01-10

FX Performance, January 10 2017 Movers and Shakers
After strong moves to start the year, the capital markets continue to consolidate. Many observers are suggesting a fundamental narrative behind the loss of momentum, but in discussions with clients and other market participants, it seems as if the main source of caution is coming from an understanding of market positioning rather than a reevaluation of the macro drivers.

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FX Daily, December 09: Euro Chopped Lower before Stabilizing

2016-12-09

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2016-12-09

FX Performance, December 09 2016 Movers and Shakers
The euro has stabilized after extending yesterday's ECB-driven losses. The euro's drop yesterday was the largest since the UK referendum to leave the EU. Ahead of the weekend, there may be some room for additional corrective upticks, but they will likely be limited, with the $1.0650 area offering initial resistance. In the larger picture, this week's range, roughly $1.05 to $1.0850 likely will confine the price action for the remainder of the...

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FX Daily, August 10: FX Consolidation Resolved in Favor of Weaker US Dollar

2016-08-10

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2016-08-10

European bourses are mixed, and this is leaving the Dow Jones Stoxx 600 practically unchanged in late-European morning turnover. Financials are the strongest sector (+0.4%), and within it, the insurance sector is leading with a 0.8% advance and banks are up 0.4%. The FTSE's Italian bank index is up 1.4% to extend its recovery into a fifth session.

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FX Daily, June 10: Yen and Swiss Franc maybe Drawing Support from Brexit Fears

2016-06-10

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2016-06-10

20160610 Movers and Shakers FX Market
Once again, CHF was one of the strongest performers on the FX market. Next Monday we will report how much the Swiss National Bank had to intervene in our regular "Weekly SNB sight deposits" report. For the week, it is the dollar-bloc and franc that have maintained weekly gains. The US dollar weakened in the first half of the week as participants continued to react to the shockingly poor jobs report and shift in Fed...

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Markets Calm Ahead of US Jobs Data

2016-01-08

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2016-01-08

For the first time this week, the PBOC set higher central reference rate for the yuan and Chinese shares rallied, with the apparent assistance of officials, after the circuit breakers were abandoned.    This, coupled with somewhat firmer oil pri...

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Fast CHF and Gold Price Movements

2013-11-01

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2013-11-01

Our CHF and Gold News Bar on our home page explains daily CHF and gold price movements based on the most important fundamental indicators in a few sentences. Keep in mind that the only Swiss fundamental data that is able to move the CHF must come from the SNB and from Swiss inflation data – … Continue reading »

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Fundamentals, Gold and FX Movements, Week October 7 to Oct. 12

2013-10-13

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2013-10-13

Our weekly summary of fundamental news on FX that aims to explains price movements, with particular emphasis on the possibly biggest mysteries: the gold price (GLD) and the Swiss franc (FXF) .   Weekly Overview Hopes on a compromise between Obama and republicans on the U.S. debt ceiling and high U.S. initial unemployment claims  sustained …

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