Tag Archive: S&P 500 Index
FX Weekly Review, September 26-30: Dollar vulnerable at the Start of Q4, CHF collapses at Quarter End
The US dollar fell against most of the major currencies in Q3. The Norwegian krone was the best performer, gaining 4.4% against the greenback, followed by Aussie and Kiwi. The Swiss Franc collapsed on Friday at quarter end.
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Great Graphic: Stocks and Bonds
The relationship between the change in Us 10-year yields and the change in the S&P 500 has broken down. The 60-day correlation is negative for the first time since late Q2 2015. It is only the third such period of inverse correlation since the start of 2015.
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FX Weekly Review, September 12 – 16: U.S. Dollar Resilience Despite Hawkish ECB and bad ISM
The dollar was surprisingly strong this week. This despite a more hawkish ECB, bad U.S. economic data in the ISM surveys.
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FX Daily, September 12: Markets Off to a Wobbly Start
The EUR/CHF retreated today together with falling stock prices. When investors sell their stocks and move into cash, then the Swiss Franc very often appreciates. This is the safe haven effect: cash in Swiss Franc is perceived as more secure.
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FX Weekly Review, September 05 – September 09: Dollar Proves Resilient as Market Rates Rise
It took the market a few days to overcome the shockingly poor non-manufacturing ISM (51.4 vs. 55.5). However, by the end of the week, the US dollar bulls had regained the upper end.
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FX Weekly Review, August 29 – September 2: Disappointing Jobs Data Doesn’t Break the Buck
During this week the Swiss Franc index lost against both dollar and euro. The CHF index ended one percent down. Despite not convincing US jobs, the dollar index ended in positive territory.
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Intriguing Eruditions: The weak month of the stock market
On Tuesday, I noted the end of summer and the entrance into one of the weakest months of the year statistically speaking. “We can confirm BofAML’s point by looking at the analysis of each month of September going back to 1960 as shown in the chart below."
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Rule Britannia
What a glorious day for Britain and anyone among you who continues to believe in the ideas of liberty, freedom, and sovereign democratic rule. Against all expectations, the leave camp somehow managed to push the referendum across the center line, with 51.9% of voters counted electing to leave the European Union.
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Need Safe havens: CHF or Gold?
In times of negative interest rates and falling earnings per share, gold is the ultimate safe haven. Due to negative rates, it is not the Swiss Franc.
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