The Japan election sent the USD/JPY to a three-month high above yen 113.50 for one single dollar note. Shinzo Abe won by a clear majority (312 seats out of 465 possible, more than a two-thirds majority). The prime minister victory is synonym of continuation of the Abenomics...
The New Dollar was by far the worst performer among the G10 complex this morning as Prime Minister Jacinda Ardern made her first announcements. The Kiwi rose to $0.7004 before reversing momentum towards $0...
In Japan Prime Ministers Shinzo Abe ruling LDP-Komeito coalition was handed a resounding victory in the Lower House elections...
The single currency started the week on the back foot as the ECB decision looms. The euro was down roughly 0.30% against the US dollar but lost even more ground against high quality commodity currencies such as the Aussie and the Kiwi, which gained 0.30% and 0.45% respectively...
The wait is (likely) over: on Thursday the European Central Bank (ECB) is expected to announce the tapering of its asset purchases. CIO expects it to reduce monthly purchase volumes to EUR 30bn from next January to September, and then keep its balance sheet stable...
In financial terms the word "bubble" is like the word "recession"; often used, but lacking a proper definition. A bubble is more than a market trading above fundamental value. Fundamental models are rarely very precise...
It is Friday and the US dollar is going up. The greenback has been going on a roller coaster over the past five days as the immediate outlook is quite opaque. In the US, the dollar has been able to hold ground so far, thanks to buoyed optimism regarding Trump tax reform...
The deadline for Catalonia to provide clarity on independence declarations has come and gone. In the eyes of Madrid the lack of a response was the same as maintained Catalonia demand for independence. Rajoy and the Spanish government have been unwilling to take their feet off the petal...
The New Zealand dollar took a hit on Thursday, falling more than 1.70% against the US dollar as investors reacted to the outcome of the coalition government. The Kiwi started to tumble around mid-day local time following rumours that the Labour Party was about to form a coalition government...
If markets need further evidence they should fade everything US president Trump say in public we got the semi-annual Treasury report. The most glaring omission was the US treasury against declined to label China a currency manipulator despite very public tough attitude...
Crude oil prices extended gains on Tuesday with the WTI and Brent rising 0.50% and 0.80%, respectively, amid mounting geopolitical tensions and shrinking oil inventories...
Today will be released the US industrial production and is expected to increase to 0.3%m/m from a month earlier at -0.9%m/m. The greenback which has largely weakened since the start of the year is now facing upside pressures since European political worries are accelerating...
The single currency decreased after the market opening against the dollar. The Austrian Legislative Election brought new uncertainties...
The US dollar experienced another broad-based sell-off last Friday amid disappointing inflation and retail sales data. Commodities currencies benefited the most of this renewed USD weakness as investors discounted an aggressive Fed rate path. The single currency rose 0.58% to 1...
The sharp rise in crypto-currency valuations in recent months is a speculative bubble, says UBS Chief Investment Office (CIO). Over the last 25 years, more central banks have become politically independent. Over the past 25 years, inflation has been brought under control...
Why is inflation low? The best argument is that independent central banks (run by economists) are good at their job. Over the last 25 years, more central banks have become politically independent. Over the past 25 years, inflation has been brought under control...
The Ottawa round of NAFTA negotiation have turned nasty. The first causality has been the driving ethos of globalizations and cooperation, replaced with strong protectionist bias. In this negative environment, missteps were bound to occur...
Brexit Negotiations are back into centre stage. The EU 27 Leaders are meeting today in Brussels to discuss about the further trade agreement with the UK. This promises to be intense as 27 Countries that must agree seems like a very difficult task...
