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Tag Archives: trade

FX Daily, April 8: Calm Capital Markets See the Dollar Drift

Swiss Franc The Euro has fallen by 0.26% to 1.1003 EUR/CHF and USD/CHF, April 8 (see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global stocks are moving higher today. Fears of a new lockdown in Tokyo amid rising covid cases weighed on Japanese stocks, a notable exception as the MSCI Asia Pacific Index rose for its fifth session of the past six. Europe’s Dow Jones Stoxx 600 is edging to new record highs today...

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FX Daily, February 17: Follow-Through Dollar Buying after Yesterday’s Reversal Tests the Bears

Swiss Franc The Euro has risen by 0.03% to 1.0802 EUR/CHF and USD/CHF, February 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  After reversing higher yesterday, the US dollar sees follow-through gains today, leaving the euro around a cent lower from yesterday’s highs. Sterling’s surge is also being tempered. Most emerging market currencies are lower as well. The jump in bond yields has stalled, but only...

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FX Daily, February 05: Position Squaring Weighs on the Dollar Ahead of the Jobs Report

Swiss Franc The Euro has risen by 0.04% to 1.0821 EUR/CHF and USD/CHF, February 5(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: While equities continue to march higher, the dollar is softer amid position squaring ahead of the US jobs data. Gold has stabilized after yesterday’s shellacking. Estimates for US nonfarm payrolls appear to have been creeping higher, encouraged by the ADP, PMI, and weekly initial...

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FX Daily, January 21: It is the ECB’s Turn but Little New to be Said or Done

Swiss Franc The Euro has fallen by 0.06% to 1.0761 EUR/CHF and USD/CHF, January 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 and NASDAQ gapped higher yesterday to record-levels, and the reflation theme lifted Asia Pacific shares for the third session today. South Korea, Taiwan, and China led the advance. Europe’s Dow Jones Stoxx 600 gapped higher and is consolidating, seemingly waiting for...

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FX Daily, January 14: Markets are Subdued Despite Impeachment and Record Chinese Trade Surplus

Swiss Franc The Euro has fallen by 0.06% to 1.0784 EUR/CHF and USD/CHF, January 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are becalmed today. There does not appear to be much reaction to the news that the House of Representatives impeached President Trump an unprecedented second time with greater bipartisan support than previously (10 GOP voted with the Democratic majority). Nor has...

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FX Daily, November 23: Markets Look Past Near-Term Challenges

Swiss Franc The Euro has risen by 0.08% to 1.0806 EUR/CHF and USD/CHF, November 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that the AstraZeneca vaccine was 70% effective but could be enhanced by changing dosage is lifting spirits and boosting equities. Japan’s markets were closed for a national holiday, but all the equity markets in the region advanced and many by more than 1%. Strong export figures...

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FX Daily, November 18: Balancing Pandemic Surge with Optimism about Vaccine

Swiss Franc The Euro has fallen by 0.01% to 1.0806 EUR/CHF and USD/CHF, November 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: News that Tokyo will go to its highest alert as it faces a rising contagion snapped a 12-day rally in the Nikkei, but most bourses in the Asia Pacific region excluding Japan advanced, though Chinese equities were mixed. European equities are narrowly mixed as the Dow Jones Stoxx 600...

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FX Daily, November 10: Markets Remain Unsettled

Swiss Franc The Euro has risen by 0.18% to 1.0806 EUR/CHF and USD/CHF, November 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Performance Overview: Pfizer’s vaccine announcement eclipsed the US election as the key market driver. It spurred the unwinding of Covid trades in terms of sectors and yields. Emerging market currencies and the majors that benefit from world growth outperformed the perceived safe-havens, like the...

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FX Daily, October 14: UK Blinks on Threat to Walk Away on Eve of EU Summit

Swiss Franc The Euro has fallen by 0.15% to 1.0729 EUR/CHF and USD/CHF, October 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Turn around Tuesday saw the dollar bounce, particularly against the Australian dollar and European currencies, among the majors. Sterling pared earlier losses on reports that the UK would not walk away from the talks just yet, while the euro remains on its back foot. Emerging market...

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FX Daily, October 08: Markets Catch Collective Breath

Swiss Franc The Euro has fallen by 0.05% to 1.0781 EUR/CHF and USD/CHF, October 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 and NASDAQ closed at their highest levels in around a month yesterday, recouping Tuesday’s presidential tweet-driven drop. We thought the market overreacted to the end of the fiscal talks as many had already recognized that a stimulus agreement was unlikely before...

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