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...
Confirming its willingness to exempt Canada, Mexico and the EU from aluminum and steel tariffs until June 1, 2018, the Trump administration is giving a break to its key commercial partners, as it is expected to start hard talks with Chinese negotiators as early as Thursday...
In energy: when prices move, things happen. After months of nothing, the recent, sudden rise in crude prices had made a mega-merger happen. On 30 April Marathon Petroleum agreed to acquire US independent Andeavor to create the largest US refiner by capacity and one of the top five globally...
On Monday morning, the US dollar consolidated last week’s gains, while crude oil slid further and equities inched higher...
Weakening against the single currency since August 2017, the Swedish krona takes a kicking, especially since the beginning of the year, depreciating by 9.62% and 6.78% respectively...
The US dollar finally took its revenge as it reversed the last few weeks’ losses against all its G10 peers. On last trading day session of the week, the buck rose 0.25% against the euro, the Kiwi and the Aussie...
The Swiss National Bank reported a substantial loss for the first quarter 2018 as capital markets experienced a stormy environment, while the Swiss franc started the year off the wheel...
Known for its strong trade balance surplus, Switzerland is giving signs of deceleration for Q1, though Swiss watch exports continues its expansion for five consecutive months, valued at 4.80% (CHF 1.67 billion), largely above 6-year average of -0.50% (due to mid-2015 – 2016 export decrease...
The greenback continued to extend gains on Wednesday amid an upside shift in the US Treasury curve. Since the beginning of the week, the buck appreciated against all major currencies, with EM currencies taking the biggest hit. The Mexican pesos tumbled more 1.90% as USD/MXN rose to 18...
Following two straight decline since January 2018, Eurozone Markit purchasing managers index (PMI) data holds steady, given at 55.20 (consensus: 54.80), signaling a rise in business activities following a shaky start in 2018...
