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financial news

Safe Haven Trades Dominate

Sentiment remains poor after S&P downgrade; equities; safe haven trades to remain in vogue. Euro zone to remain under pressure despite ECB purchases of Italian and Spanish bonds. G7, G20, EU, and ECB weekend meetings have done little…

All eyes on US jobs data today

All eyes on US jobs data today, FOMC meeting next week. Euro zone periphery remains under pressure as ECB said to buy bonds; data softer than expected. Global equity markets are lower as growth risks, sovereign risks persist; EM FX softer…

BOJ Joins SNB To Intervene Aggressively

The BOJ intervenes aggressively to weaken yen; we do not see any major G7 initiative. The euro zone periphery remains under pressure as ECB meets; Spain borrowing costs rise. Global equity markets are lower as growth risks, sovereign risks…

SNB takes action against strong CHF

US growth concerns and downgrade risk remain in play after budget deal. Euro zone periphery remains under pressure as ECB meets Thursday. SNB takes action against strong CHF; spike in EUR/CHF offers good entry point to go long CHF.

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