Kuroda, the Bank of Japan Governor, is set to speak today in Zurich. Each one of its intervention are well regarded by financial markets. Indeed, it is still very interesting to know how he will address the lack of inflation in one decade...
November looks set to be a month of consolidation for currency markets given there are no major central bank meetings scheduled. That said, some interesting activity data is due to be released in the coming week...
One year after US President Trump's victory, it is too early to see the Trump effect in economic numbers. Politicians are not that important in the short term. Economies generally react to policy changes with a long lag. The Trump effect will only show up in future numbers...
Risk appetite in Asia remains weak with steady selling in EM FX and stocks. No surprisingly, US President Trump and President Xi Jinping attendance at the Apec summit has failed to generate positive sentiment...
The Brazilian real came under renewed pressures starting mid-October as US yields initiated a much-awaited recovery. The entire EM complex suffered as the entire US yield curve shifted to the upside...
Banxico will likely keep its interest rates steady tonight at 7%. There are many reasons for that. First of all, inflation expectations are now getting lower as the central bank certainly raised too strongly the overnight rate by anticipating a stronger Fed tightening rate path...
The price of Bitcoin flash crashed yesterday at around GMT 18:00 after Mike Belshe, CEO of BitGo, published a note explaining the reasons why they will not support the Segwit2x fork...
Perhaps the timing might be questionable but China trade surplus with the US dropped to $26.2 in Oct from $28.08. Interestingly US president trump will be traveling to Beijing today to meet Xi Jinping. Overall while exports dragged increasing 6.9% y/y from 8.1% (against 7...
Since the beginning of the week, G10 currencies were range bound. The lack of major news, both on the political and monetary policy sides, has caused a collapsed of volatility levels. The CVIX (Currency Volatility Index) eased to 6.87%, the lowest level since September 2014...
This morning has been released the Swiss FX reserves for October. The data increased strongly to $741.5 billion from $724.4billion. The reserves hit a clear record high...
Political risk have again picked up in Europe prompting a stark sell of in Euro. In Italy the center-right coalition led by former Italian Prime Minister Berlusconi solidly won regionals elections in Sicily...
The US dollar extended gains against all of G10 currencies on Tuesday. The gains were quite limited as investors awaited several key speeches today. Draghi will speak at GMT 9 am, while across the Atlantic Poloz (BoC) will give a press conference this evening...
NZD/USD paired losses on Monday morning as 2-year inflation expectations eased to 2.02% in the fourth quarter from 2.09% in the previous one. The Kiwi lost another 0.35% against the greenback and stabilised at around $0.6680...
A quiet start to the week as investors cautiously watching President Trump every move in Asia. With tensions so high and Trump uncanny ability to trigger controversy, traders are unwilling to further build bullish positions...
In 2007 around 25 percent of US equity funds were passively managed. Today that number is around 50 percent. Do economists care about the active versus passive debate? The instinctive answer is "no". However, the rise of passive investing since 2007 has been accompanied by other changes...
The central banks of Australia (RBA) and New Zealand (RBNZ) will meet next week to decide on their monetary policy stance. CIO doesn't expect a rate hike from the RBA until later next year, as it has to balance financial stability worries with weak wage growth and core inflation...
Price of gold remains above $1270. Since the start of the year, we recall that gold has gained almost 6% underlining global uncertainties. It is important to assess gold’s potential by looking at China as a significant part of the market takes place in China...
Oil prices are looking to break resistance at $55.03 making 2017 new highs. Decline oil stocks and solid growth in demand has overcome weather and geopolitical issues. Brent is now trading above $60brl and futures backwardation has invited deeper buying in the long end of the curve...
The nomination of Jerome Powell as next Federal Reserve Chairman came as no surprise. The US dollar barely reacted to the news. The US Dollar Index treaded water within its weekly range, between 94.4 and 95...
