This week comments by the US administration in Davos have weakened the USD, and remarks made by Mario Draghi at the European Central Bank press conference strengthened the euro...
Recently providing December 2017 CPI Y/Y at 3.0% (on line with expectations), December Retail Price Index at 278.1 (consensus: 277.6), December PPI at 0.4% (consensus: 0.2%) and November Unemployment Rate at 4...
EUR/USD took a roller coaster ride over the last 24 hours as US Treasury Secretary Mnuchin and President Trump made opposite comments about the greenback, while the ECB was holding its first press conference of the year...
Monday’s fruitless negotiations between the United States and its Canadian – Mexican counterparts has brought many uncertainties to the question if the trilateral “American” arrangement might hold...
With all the noise created by Trump’s visit in Davos, the first ECB meeting of the year will almost go unnoticed. The single currency printed another multi-year high earlier this morning as EUR/USD reached 1.2459 before consolidating at around 1.2415...
Receiving international loans since 2010 and more recently through the EU 2015 bailout (EUR 40.2 billion distributed out of EUR 86 billion made available) and on the verge of receiving additional EU financial assistance of EUR 6...
Since the beginning of the week, the US dollar has consolidated losses against most of its peers. However, it seems that this period of is over as investors have started to sell the greenback once again. On Wednesday, the yen rally resumed with USD/JPY breaking the 110 support to the downside...
Following President Zumas’ reelection in 2014, his recent rejection by the ruling party African National Congress (ANC) and his 783 related charges upheld by the South African Supreme Court of Appeal, investors have become optimistic, thus reinforcing the South African Rand (ZAR) and equity marke...
We remain optimistic on China, with an above-consensus GDP forecast. This is based on global economics and China’s ability to harvest demand. Domestically, China is unbalanced but on a global basis it is diversified (its New Silk Road strategy is on mark...
A midterm-spread in US-Bunds and US-Europe yields suggests a correction in EUR/USD is likely. This, after the minutes of the last European Central Bank monetary policy meeting triggered an extension of EUR/USD rally to current 1.22 highs...
Slow increase. (By Peter Rosenstreich ) • Bitcoin is confirming further recovery after 17/01/2018 collapse. Hourly support is located at 10'775 (22/12/2017 low). In the short-term, the...
Monday promises to be stormy in the Senate. The long and arduous negotiations between Republicans and Democrats on Friday have ended to a zero point with regard to the Government budget validation...
The Bank of Japan will keep its policy unchanged for now. Positive price momentum gives the BoJ coverage to keep policy unchanged, despite speculation of premature normalization. However, the BoJ is clearly running out of time, and the market know this...
This year started with some attention-grabbing exchange rate moves. Markets will now be looking to the central banks for their reaction. CIO will be watching the ECB and BoJ press conferences and policy decisions closely...
The recent US economic releases boosted equity markets to higher ends yesterday while EU markets remained on the sidelines: Dow Jones Industrial Average: +1.25%, Nasdaq: +1.03%, S&P500: +0.94% and Euro Stoxx 50: -0.25...
It has been a quite week so far for the Australian dollar. The Aussie economic calendar was relatively light, while market participants mostly focused their attention on Trump comments and fears about an US government shutdown...
The entire crypto-asset market went through a massive sell-off since the beginning of the week with the total market capitalisation shrinking by $262 billion, down to $450 billion, the lowest level since mid-December last year...
For the second consecutive year, Germany has become the country with the largest current account surplus in the world in 2017 according to the ifo Institute Center for Economic Studies (CES...
Since the recent US government bonds yield hike of last week (2-year government bond rates reaching above 2%, a 10 years high) and the market excitement that followed, coupled with possible Japanese and European central bank policy tightening, we could wonder whether we might be expecting an immi...
