Tag Archive: USD/CHF

FX Daily, February 18: Dollar Drifts Lower

Overview:  In quiet turnover, the US dollar slipped lower against most of the major currencies to start the new week.  The news stream is light and the US markets are closed today.  The MSCI Asia Pacific Index was up five of the past six weeks and extended its gains today.  Nearly all the equity markets in the region rose but India.

Read More »

FX Daily, February 06: Dollar Gains by Default

Overview: The rally in equities is threatening to pause today, even though the few markets open in Asia edged higher.  Europe's Dow Jones Stoxx 600, which has advanced in eight of the past ten sessions and six in a row, is seeing some profit-taking pressures.  US shares are also trading heavier in Europe.  The S&P 500 has a five-day rally in tow but looks poised for some backing and filling action. 

Read More »

FX Daily, February 05: Greenback Remains Firm

Overview: The US dollar is little firmer against most of the major currencies.  Despite some disappointing data (retail sales, trade, PMI), the Australian dollar has recovered from initial losses below $0.7200 on the back of the central bank's reluctance to adopt an easing bias.  A small upward revision in the eurozone's flash service and composite PMIs help steady the euro after it neared $1.14.

Read More »

FX Daily, January 31: Did Powell Toss in the Towel or was it a Tactical Retreat?

Overview: The Fed's dovish tone and earnings news are the main drivers of the capital markets today, helping lift stocks, bonds, and currencies.  Large equity markets in Asia, including Japan, Hong Kong, China's CSI 300, India, and Indonesia, all rose more than 1%, putting the MSCI Asia Pacific Index in a good position to extend its rally for a fourth consecutive week. 

Read More »

FX Daily, January 30: She Can’t Accept No

Overview: The UK Prime Minister has two weeks to strike a new deal with the EC over the Irish backstop or return to Parliament in mid-February to consider alternatives, six weeks before Brexit. Sterling has recovered about half of yesterday's drop. The Australian dollar jump back to $0.7200 was aided by the nearly 10% jump in iron ore price after Vale announced a sharp reduction in output.

Read More »

FX Daily, January 28: Getting Ducks Lined Up for Later in the Week

Overview: The global capital markets are consolidating ahead of this week's big events, which include the FOMC meeting, US jobs, an important Brexit vote in the UK parliament and the first look at Q4 EMU and US GDP. The US dollar is narrowly mixed. Equities are mostly lower. European benchmark 10-year yields have edged up, though the US 10-year yield is struggling to hold above 2.75%.

Read More »

FX Daily, January 25: Euro Pares Yesterday’s Losses and Sterling Pulls Back after topping $1.31

Overview:  The US dollar is paring yesterday's gains against most of the major and emerging market currencies. Sterling pushed above $1.31, an 11-week high on news that the DUP would support Prime Minister's Plan B that calls for limits on the backstop with Ireland, something that the EC and Ireland have indicated are not on the table.

Read More »

FX Daily, January 14: Dismal Chinese Trade Data Sets Tone

Overview:  China's exports and imports were weaker than expected, though the trade surplus swelled to its widest in a couple of years. The implications have undermined equities and weighed on risk appetites more broadly. Nearly all the Asia-Pacific markets were lower except Japan and the Dow Jones Stoxx 60o in Europe is off 0.5% near midday to snap a four-day advance.

Read More »

FX Daily, January 11: Trade Optimism and the Recovery in Oil Boosts Risk Appetites

Overview:  Optimism on trade talks between the US and China coupled with the biggest rally in WTI in two years (11%+) have helped keep the equity market recovery intact. The MSCI Asia Pacific Index rose today, the eighth time in the past ten sessions, while the Dow Jones Stoxx 600 in Europe is closing in on its second consecutive weekly advance. 

Read More »

FX Daily, January 10: Equity Bounce Stalls while the Greenback Steadies at Lower Levels

Equities, bonds and the dollar are consolidating the moves seen earlier this week. This means equities are trading heavy and bonds firmer. The euro is paring gains that carried it to its best level (~$1.1570) since mid-October.  After stalling near JPY109 in the last two sessions, the greenback slumped to almost JPY107.75 before finding a better bid. 

Read More »

FX Daily, January 09: Equities Continue Recovery, Greenback Remains Heavy

Overview:  Global equities have extended the New Year rally. The MSCI Asia Pacific Index advanced for the fifth consecutive session and the 10th in the past 11.  The Dow Jones Stoxx 600 in Europe is rising for the second consecutive session, something it has managed to do only one other time in the past month.  The S&P 500 is off to one of its best starts in years. 

Read More »

FX Daily, January 8: Dollar Steadies, but Weakly for Turn-Around Tuesday

Overview: The global capital markets remain calm after the surge in volatility seen over the last couple of weeks. Asian equities were mixed, with the Japanese, Australia and Indian shares gaining, but other large regional markets, like China, South Korea, and Taiwan fell. European equities are firmer. Benchmark bond have edged higher. 

Read More »

FX Daily, January 07: Recovery Falters in Europe

Overview:  The combination of robust US jobs and wage growth, more comforting words from Powell and a strong rally US stocks before the weekend helped lift Asian markets today and underpinned risk-taking appetites.  However, renewed protests in France (and Hungary) coupled with weak German factory orders have prevented European bourses from fully participating in the equity recovery. 

Read More »

FX Daily, December 21: Markets Stumble into the Weekend

Overview: There is little reprieve from the equity meltdown ahead of the weekend. Major markets in the Asia-Pacific region, including Japan, China, India, and Australia pushed lower. The MSCI index of the region is near 15-month lows. The Dow Jones Stoxx 600 is off about 0.6% near midday in London to make new two-year lows. US shares are also trading lower in Europe.

Read More »

FX Daily, December 20: Stocks Slump and the Dollar Slides as Market Concludes Fed is Mistaken

Overview:  Once again the US equity market failed to hold on to even minimal upticks.  The sharply lower close spurred follow-through selling in global equities.  Few have been spared the wrath of investors who apparently were disappointed with the Fed and its reluctance to consider stopping the balance sheet unwind. 

Read More »

FX Daily, December 19: The Fed’s Paws may Still Unsettle Investors

Overview:  The failure of the S&P 500 to sustain even modest upside momentum yesterday is keeping traders on edge today, though another attempt on the upside is likely.  Asian equities were mixed, with Chinese and Japanese shares lower.  The Nikkei closed below the 21000 support level. 

Read More »

FX Daily, December 18: Stock Rout Deepens, Casts Shadow over Holiday Spirit

Overview: The 2% slide in the S&P 500 to new lows for the year yesterday hit Asian and European equities today. Bond yields are lower, and the dollar is softer against most major currencies. The dramatic equity losses and some disappointing data sparked doubts about the ability of the Fed to raise rates tomorrow at the conclusion of its last meeting of the year.

Read More »

FX Daily, December 14: Week Closing on a Disappointing Note

Overview:  A string of disappointing economic is spurring risk-off sentiment today.  Global shares prices are being punished and core bonds are being snapped up.  The US dollar is trading higher against most major and emerging market currencies.  The MSCI Asia Pacific Index was flat on the week coming into today's session.

Read More »

FX Daily, December 07: A Couple More Events before Seeing the End of Difficult Week for Investors

Overview: Global equities have stabilized after US equities recovered yesterday, with the NASDAQ 100 staging its biggest reversal in eight months and the S&P500 recouped almost three percent to close 0.15% lower. Asia Pacific equities were mostly higher. Hong Kong shares, including the mainland shares that trade there, were the notable exception.

Read More »

FX Daily, December 06: New Spanner in US-China Relations Weighs on Risk Appetites

Overview: The global capital markets were fragile amid trade uncertainty and economic slowdown fears. News that Canada arrested the CFO of Huawei on behalf of the US, ostensibly for violating the embargo against Iran triggered an almost immediate risk-off wave that has extended the equity markets losses, sending core bond yields lower, with the US 10-year slipping below 2.9%, and underpinning the dollar against most currencies, with the notable...

Read More »
Page 112345...1020...Last »