Jiming Huang / Blog
Inflation may have stayed low in recent years simply because independent central bankers are good at their jobs. Increasingly independent central banks helped lower inflation rates around the world. This is one reason economists have expected low inflation while central banks printed money...
For this old time analyst its nice to see that fundamentals still can drive volatility. Falling letters, cough, and fake P45 form, not only weighted on UK PM May but sent GBPUSD 1 month implied volatility higher at 8.66 and GBPUSD down 2% (4% since the Conservative party conference...
Switzerland’s foreign exchange reserves edged higher for a third successive month in September, despite a clear period of respite for Thomas Jordan and his team. The Swiss National Bank’s stock of foreign currency increased Sfr7.5bn from Sfr716.9bn to Sfr724.4bn, printing a new all-time high...
n case you were hiding under a rock (which might make sense given increasing volatility) today is September US payrolls. Markets are pricing in a solid impact of negative weather with expectations for NFP on the low 60/80k and unemployment 4.5% (risk skewed to the downside...
Benoit Coeuré, a ECB member, will speak on Thursday in a panel in Frankfurt and the accounts of the September ECB meeting will be published today. We believe that the panel’s discussion will be mostly on the size of the potential reduction of the ECB balance sheet starting in January...
Sentiment around the USDJPY remains negative causing the par drift down to 112.35 yesterday. Yet, outlook supports a higher USDJPY. Recent election news has been causing JPY volatility...
Switzerland’s consumer price index rose more than expected during the month of September as it increases 0.7% year-over-year as it reached 100.9 points, beating slightly median expectations of a 0.6% increase. On a month-over-month basis, the headline gauge rose 0.2%, matching expectation...
The yellow metal has reached its 8-week low and is trading around $1275 which nonetheless remains at a strong level if we compare gold prices since the start of the year. Gold price began the year below $1200. The return so far of the precious metal is still very interesting well above 6...
After printing fresh highs against most of its peers yesterday, the greenback finally took a breather on Wednesday and consolidated gains as investors await ADP employment report, Markit PMIs and ISM non-manufacturing. The dollar index edged down 0.10% to 93.50 as the greenback fell 0...