The greenback rose across the board on Wednesday morning amid general increase in nervousness to Italy’s future government. The dollar index surged to 93.975, up 0.35% on the day, as the euro dipped to 1.1711 (-0.57%), the pound sterling slid to 1.3385 (-0.35%), while the loonie gave up 0...
We expect oil prices to firm around $70-80 per barrel, but a geopolitical shock could send prices soaring even higher. Their march upward has been driven by global demand (China oil imports at all-time high), disruption in Nigeria and expectations of sanctions on supply from Iran and Venezuela...
The single currency had a rough morning on Tuesday as it kept grinding lower during the Asian session and hit 1.1757 against the greenback...
Unlike what we might think, the energy-related Canadian dollar boost from continued crude oil prices rise is lively...
USD continued to improve against the JPY as US yields rose across the curve. With the macro backdrop of us-china trade optomism and improved outlook for the US economy yield o 10 year treasuries hit 3.128%, marking a 7 year high...
Amid increasing geopolitical tensions in the Middle East (incl. UN talks), adding up with North Korean threatening of summit cancellation, the US government is strongly solicited in the last few weeks...
The Japanese yen took a dive yesterday as USD/JPY climbed to 110.45, the highest level since February 2nd. Most of the move could be explained by a renewed sell-off in US Treasury, which sent the 10-year yield to 3.09% yesterday that fuelled another dollar rally...
Sterling has been dragged down by the changing BoE rhetoric and repricing of the timing tightening cycle. Since February weak economic data ended the all-but-sure May rate hike. Yet, expectations of monetary policy strategy has become worryingly short sighted, data dependent in our view...
The US dollar reversed losses yesterday amid heightening geopolitical tensions in the Middle East. Indeed, after the Syrian situation and the Iran nuclear deal, now we got the Gaza killings following the official opening of the US embassy in Jerusalem. After falling as low as 92...
The New Zealand dollar was one of the few G10 currencies to lose ground against the greenback as speculators scaled down bullish bets...
Interestingly markets seem to be ignoring the political risk building in Italy. Peripheral European yield spreads failed to react to Northern League and 5-Star have reached a tentative coalition agreement...
The Australian dollar was better bid on Friday morning as the USD rally is running out of steam, while the Aussie government unveiled the details of its income tax cut...
Risk appetite has improved globally as weaker US inflation data (CPI 0.2% vs. 0.3% exp) suggest that worries of a quick Fed-tightening cycle is unfounded. Yesterday read point to a significant slowdown the Fed favorite inflation indicator PCE...
The Riksbank is not having an easy time: its monetary policy meeting on 26 April concluded with a maintenance of its key rate at -0.50...
So unless you have been hiding under a rock you have seen that US president Donald Trump pulled the USA out of international nuclear deal with Iran. This extreme move was not completely unexpected given Trump years of criticism and general hatred of Obama...
While inflation in the EU slowed in April, in Switzerland it held steady at 0.80%, above its long-term average of 0.50%. Meanwhile, the CHF has softened against EUR and USD, which should boost exporters’ results going forward...
Once again, Donald Trump is stealing financial markets’ attention as he announced yesterday he will give his final decision on the Iranian nuclear deal today at 2pm ET (20pm CET...
Mnuchin US treasury secretary talks with Chinese premier Liu He on Friday confirmed a rather rough start for both nations who are somehow trying to endeavor a win-win agreement, a relatively less likely scenario as long as both nations won’t get prepared for a “give and take” scheme...
FX markets start the week directionless and scant motivation to pick a direction. EURUSD has already retraced gains achieved on Friday. Friday weak headlines payroll (164k vs. 190k consensus estimate), while unemployment rate fell to 3.9%, encouraged equity traders yet gained to excite USD bulls...
