Yves Sanquer

Currencies: A well-deserved respite

Last week, the euro regained some of its color against the dollar, but the hardest part remains to be done on the eve of a particularly busy week, between the US elections and the US Federal Reserve meeting. It's going to be some sport!

November 04, 2024 at 03:37 pm IST

Rates: Move with the MOVE

Every stock investor worth his salt knows the index of fear: the VIX. But have you heard of the MOVE, its bond market equivalent? No ? Don't panic, here's a quick refresher.

October 28, 2024 at 08:12 pm IST

Currency Crossroads: EUR/USD tests support amid market tensions

I can read here and there that the markets are at their wits' end in the face of so much uncertainty: this week's quarterly results from US heavyweights (AMZN, AAPL and MSFT) will be marked by Friday's employment report, followed by the US elections next week.

October 28, 2024 at 08:03 pm IST

Rates: Christine, Christine!

The only truly significant event of the past week was the European Central Bank's decision, once again, to cut interest rates by 25 basis points. The aim is to halt an economic downturn that is already well underway. The game is far from won.

October 21, 2024 at 07:59 pm IST

Currencies: Ouch !

THEUR/USD continues its slide. Initially driven by a drastic rise in US long-term interest rates, making the greenback more attractive, this time it's the ECB's turn to fuel the slide.

October 21, 2024 at 07:53 pm IST

Currencies: No respite for the dollar

The US dollar continues to rally, helped by the resumption of US inflation and the prospect of a limited 25 basis point cut in interest rates at the next Monetary Policy Committee scheduled for early November.

October 14, 2024 at 08:04 pm IST

Rates: Between inflation and Fed minutes

The current equity market narrative has not suffered either from the US Federal Reserve's minutes or from a (small) upturn in inflation. Only long rates continue to rise, supporting the dollar by extension.

October 14, 2024 at 08:00 pm IST

Currencies: Dollar benefits from Middle East escalation

The spread of the Israeli-Palestinian conflict to Lebanon and Iran, combined with good US unemployment figures, has prompted Forex traders to reposition themselves in favor of the dollar. To the point of significantly downgrading certain technical configurations. A detailed review of the forces at play.

October 07, 2024 at 08:09 pm IST

Interest rates: The job market is doing well, thank you!

Among the many macroeconomic indicators available to investors, one is especially scrutinized: the US employment market. After two months in a row of mixed results, traders were eagerly awaiting the September figures. And they weren't disappointed!

October 07, 2024 at 07:57 pm IST

Rates: US curve steepens (and this is traditionally not a good sign)

Smart money vs. dumb money. This is often how professional investors compare fixed-income markets to equity markets. After months of inversion, when short rates were higher than long rates, the curve has now shifted back into positive territory. More on this later.

September 30, 2024 at 08:08 pm IST

Currencies: Same old

The dynamics in place for several weeks are continuing, with the dollar generally weak against the euro, sterling and commodity currencies. Conversely, the Swiss franc and Japanese yen are likely to breathe a sigh of relief after their recent gains.

September 30, 2024 at 03:25 pm IST

Currencies: Counter-intuitive

Like the initial reaction to the first US rate cut, anticipating medium-term market reactions is not always easy. Even after years of dissecting stocks and reactions, the field of discoveries is vast enough to never get bored. Today's example is the dollar.

September 23, 2024 at 08:26 pm IST

Currencies: Everything is linked

This summer, the press was abuzz with the incestuous relationship between the dollar-yen and Nasdaq. The explanation was simple: many (institutional) players financed their purchases on the Magnificent Seven through carry trade positions on the yen. All was well in the best of worlds, until the BoJ intervened and caught them red-handed in the honeypot.

September 16, 2024 at 09:01 pm IST

Currencies: Dollar limps along, European currencies rally

Over the past week, the dollar has weakened significantly, benefiting not only commodity currencies but also the main European currencies, led by the euro and sterling.

August 19, 2024 at 07:12 pm IST

Rate: Summer hot flashes

After an exhausting end of July/beginning of August in more ways than one, the past week has sounded like a call for calm. Admittedly, investors have not had many economic indicators to sink their teeth into, and have therefore shown restraint. But for how long?

August 13, 2024 at 07:51 pm IST

But what's going on?

It had been a promising summer, with falling inflation and the prospect of the US Federal Reserve lowering the cost of borrowing for the first time. But then, lo and behold, recessionary fears reared their ugly heads with a series of disappointing economic statistics, leading to a cascade of more or less fortunate consequences. Thankfully, today looks better. Here's a look back at a week rich in events and thrills.

August 06, 2024 at 07:34 pm IST

Rate: Light the fire!

Sometimes all it takes is a small spark to light the fuse. Between a better-than-expected CPI, a rather dovish Jerome Powell and the anti-China rhetoric of the White House candidates, the financial markets have had a lot of news to digest, reflected in a particularly rapid sector rotation.

July 22, 2024 at 07:35 pm IST

Currencies: Sterling gets good momentum

What's going on in Her Majesty's land? The British currency has put in a fine weekly performance that can hardly be blamed on American inflation (although that's a bit of a stretch).

July 15, 2024 at 07:30 pm IST

Rates: Thank you Mr. CPI!

Investors of all stripes were eagerly awaiting this, and we can only conclude that they were not disappointed. Last Thursday's US consumer price data rekindled speculation of a first rate cut in September. Why all the excitement? Here's a look back at a day that was special in so many ways.

July 15, 2024 at 07:27 pm IST

Currencies: the yen and the euro, two currencies under pressure

When it comes to the top currencies, the Japanese yen is undoubtedly at the top of the list, with record weakness against all G10 currencies. The euro is also in the crosshairs of currency traders, and is suffering from numerous sell-offs.

July 02, 2024 at 01:46 pm IST

Interest rates : Understanding the yield curve

A new feature is now available on Marketscreener.com, so today we take a closer look at the yield curve. Even if you're only invested in equities, it's always useful to look at the other side of the fence, to see and understand how other market players think. An informed investor is worth two.

July 02, 2024 at 01:39 pm IST