Tag Archive: Spain Industrial Production

FX Daily, June 07: Markets Mark Time Ahead of Tomorrow

Tomorrow may be the most important day of the quarter for investors. The ECB meets. The UK goes to the polls. Former FBI Comey testifies. Ahead of these significant events, the global capital markets are mostly quiet, with some pockets of activity.

FX Daily, May 05: Mixed Dollar Ahead of US Jobs Data and Fed Talk

The US dollar is narrowing mixed as the employment data, and Fed speeches are awaited. Six Fed officials speak today, including Yellen and Fischer. Regional Presidents Williams, Rosengren Evans and Bullard also speak. It will be the first flurry of...

FX Daily, February 08: EUR/CHF down to 1.630, Swiss Boom Starting?

The reader might have seen the latest Swiss Consumer Sentiment and the UBS consumption indicator. They suggest that the Swiss boom phase should finally come. I anticipated the boom already in my slides for the CFA Society. The Swiss boom was postponed...

FX Daily, January 11: Dollar Comes Back Bid

The pound has seen a sharp fall following the interview that Theresa May gave with Sky news on Sunday although there has been a small rebound this afternoon. GBP CHF exchange rates are hovering around 1.2350 for this pair.

FX Daily, November 07: Dollar Stabilizing After Bounce

The DAX also gapped lower before the weekend and gapped higher today. It is stalling just ahead of the earlier gap from last week (10460-10508). It is up about 1.6% in late-morning turnover. The strongest sector is the financials, up 2.5%, with the...

FX Daily, October 07: Sterling Stabilizes After Harrowing Drop, Now Jobs

Sterling again steals the limelight. In early Asia, sterling inexplicably dropped nearly eight cents in minutes (to ~$1840), and on some platforms, may have traded below $1.1380. It almost immediately rebounded but has not resurfaced above $1.2480.

FX Daily, August 05: US Jobs Data on Tap, but Don’t Expect Miracles

The focus is squarely on the US employment data today, ahead of which the capital markets are mostly consolidating yesterday's Bank of England inspired moved. The Australian and New Zealand dollars, alongside sterling, which is up about half a cent...

FX Daily, April 7: Yen Continues to Climb

The main feature in the foreign exchange market continues to be the surge of the Japanese yen.  A convincing explanation of the yen's strength seems elusive.  Until last week, which means through the fiscal year-end last month, Japanese fund managers...