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The US dollar traded heavily last week, falling against all the major currencies but the Canadian dollar. The Bank of Canada softened its neutral stance a few hours before the Federal Reserve signaled a pause after delivering its third rate cut to complete its mid-course correction. The F...
"We should be happier to have a job than to have our savings protected," says incoming ECB President Christine Lagarde. That line came as Lagarde was criticizing Germany and the Netherlands for the sin of having a government budget surplus. More news on: SPDR Gold Trust ETF, Bitcoin USD, I...
Earlier this month, I made the argument that the euro could see further upside against the dollar going forward. Source: investing.com As we can see, the EUR/USD saw gains for October before recently taking a breather to reach a level of 1.1086 at the time of writing. That said, I wish t...
Overview : The equity and bond rally in North America yesterday carried over into today's session. With some notable exceptions, like China, Taiwan, Australia, and Indonesia, most bourses in Asia-Pacific and Europe traded higher. US shares are little changed in early Europe after the S&P ...
Macro News Global: In the past two weeks, risk-on sentiment was back on hopes of a trade deal reached with China and the EU approving a further extension of Article 50 until January 31, 2020. The 2Y10Y US yield curve, which reached a low of -5bps in the end of August, is currently trading ...
The Swiss franc is a safe haven currency and is prone to significant appreciation during a risk-off market cycle. Indeed, the Swiss National Bank is maintaining negative interest rates to ensure that this does not happen - a strong franc hurts Swiss exporters and is not in Switzerland's intere...
Overview: The pre-weekend rally in US shares, with the S&P 500 flirting with record highs and the back-up in US yields, set the tone for Asia-Pacific trading earlier today. Nearly all the equity markets advanced, and bond yields rose. Europe's Dow Jones Stoxx 600 took a five-day advancin...
After a three-week decline, the dollar was over-extended in our view, coming into the past week. A correction began in recent days, and the greenback rose against the major currencies but the Canadian dollar last week. Among emerging market currencies, Latam provided the bookends. Ahead of t...
As I stare across the Pond, I am troubled by what I see. In my opinion, the situation in the EU is deteriorating. The governments there, of course, will tell you that everything is just fine and it is all a case of some minor squabbles. I am not buying this concept and I am becoming increasing...
Overview: Amazon's (AMZN) and Intel's (INTC) earnings offered conflicting impulses for Asia-Pacific equities, but Japanese, Chinese, Australian, and South Korean shares advanced. This will allow the regional MSCI benchmark to solidify its third consecutive weekly gain. Europe's Dow Jones Sto...