Weekly Market Update
Post date: 18/05/2020 08:34 The dollar and the Euro both rallied together against most other major currencies last week. The only significant exceptions were a smattering of emerging market currencies, particularly the Turkish Lira which put in what looks like a dead cat bounce after selling off relentlessly for weeks. The week’s biggest losers were […]
Weekly Market Update
Post date: 11/05/2020 10:28 The key report of the week, the US payroll numbers for the month of April, made a slightly less grim reading than had been expected, but were still disastrous. Markets chose to focus on the silver lining, and risk assets rallied both into the number and the hours following. Currency performance […]
Weekly Market Update
Post date: 04/05/2020 09:03 World currencies rallied against the dollar last week as a number of hard hit markets showed signs of stabilization, particularly oil. Investors were in a buoyant mood until Friday, when Trump’s lashing out against China combined with thin holiday markets in most of the world to send world equities lower. World […]
Weekly Market Update
Post date: 27/04/2020 12:35 Most major currencies moved in relatively tight rice ranges last week, at least by the standards of the past few weeks. The main exceptions were those exposed to oil prices, like the Norwegian Krona and the Mexican and Colombian pesos, which dropped sharply in reaction to the mayhem in the oil market that ended […]
Weekly Market Update
Post date: 20/04/2020 09:41 Currency markets experienced a relatively calm week, which is a welcome change after the Covid-related convulsions of the past two months. G10 currencies ended up within 1% of where they started the week, with the exception of the Norwegian Krona, battered by the selloff in oil prices. The main exceptions were […]
Weekly Market Update
Post date: 14/04/2020 09:10 Financial markets worldwide continued to look past the grim economic news and focus instead on the massive state and central bank interventions that are announced on a weekly basis. Stock markets and risk assets in general continued to rebound last week, as the Federal Reserve announced yet another batch of direct […]
Weekly Market Update
Post date: 06/04/2020 08:54 The spread of the coronavirus and the extreme measures taken to control the pandemic have wrought havoc in financial markets worldwide. In currency markets, the reaction has been a headlong flight into the supposed safety of the US dollar. Every major currency worldwide fell sharply against the greenback, even the Japanese Yen. […]
Weekly Market Update
Post date: 30/03/2020 08:53 The enormous volatility in financial markets continues, but at least now it comes in the form of two-way moves, rather than the relentless falls of the previous week. Stocks and credit rebounded worldwide as gargantuan programs of monetary and fiscal stimulus were announced on both sides of the Atlantic. As a […]
Weekly Market Update
Post date: 23/03/2020 09:25 The spread of the coronavirus and the extreme measures taken to control the pandemic have wrought havoc in financial markets worldwide. In currency markets, the reaction has been a headlong flight into the supposed safety of the US dollar. Every major currency worldwide fell sharply against the greenback, even the Japanese […]
Weekly Market Update
Post date: 16/03/2020 11:05 The sharp worsening of the coronavirus epidemic, leading to nationwide lockdowns in Italy and Spain, shook world financial markets. The initial reaction was to send the Euro higher, as the US yield curve evaporated and markets priced in Federal Reserve cuts all the way to zero. However, the worsening epidemic news […]