Hungary forint easing versus euro fizzles out at 312 again

Hungary forint easing versus euro fizzles out at 312 again

Hungary’s forint started Wednesday trading at around 312 versus the euro, which means it remains glued to this level. Meanwhile, Japan’s yen eased on the back of a remark by a central banker, while Turkey’s lira kicked off the day by some appreciation. EUR/HUF was quoted at around 311.90 to the euro on Wednesday morning, […]

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Japanese Power Broker's Face-Off for Swiss Re

Japanese Power Broker’s Face-Off for Swiss Re

Masayoshi Son, CEO Softbank (Image: Keystone) Page 1 of 2 Swiss banking power broker Walter Kielholz has faced down many a tricky situation in his long finance career. finews.asia explains why he may have met his match in Softbank’s Masayoshi Son. Ten years ago, Walter Kielholz stood at an abyss: the firm he had spent years building up, Swiss […]

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Tax Cuts and Jobs Act

A Tax Cuts and Job Act Digest

POTUS 45’s tax overhaul, with its main objectives being to lower the U.S. corporate income tax rate, alter the tax treatment of non-U.S. earnings, and address the deductibility of expenses, including interest expense, is garnering criticism, some of it from places closer to home. Last week, Governor Ricardo Rossello of Puerto Rico joined the ranks […]

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COT Report: A new regime emerges

COT Report: A new regime emerges

Following an eventful week in financial markets, this week’s Commitments of Traders report shows quite a few significant changes. Firstly, net long positions in the euro and the British pound are no longer at bullish extremes. Secondly, open interest in most currencies and commodities (except the yen) has fallen substantially. Following intense volatility, traders are […]

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Swiss Banker's Dance with a Wolf

Swiss Banker’s Dance with a Wolf

Walter Kielholz, Chairman Swiss Re Page 1 of 2 Swiss banking power broker Walter Kielholz has faced down many a tricky situation in his long finance career. finews.com explains why he may have met his match in Softbank’s Masayoshi Son. Ten years ago, Walter Kielholz stood at an abyss: the firm he had spent years building up, Swiss Re, […]

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Kuwait- USD stable at KD 0.299

(MENAFN – Kuwait News Agency (KUNA)) KUWAIT, Feb 20 (KUNA) — The US Dollar’s exchange rate against the Kuwaiti Dinar was stable at KD 0.299, same as the Euro at KD 0.371 compared to Monday’s rates, said the Central Bank of Kuwait (CBK) Tuesday. According to the CBK, the rate of the Sterling Pound came […]

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Dollar remains higher but upside seen limited

Forex – Dollar Holds Onto Gains Vs. Other Majors

Dollar remains higher but upside seen limited Investing.com – The U.S. dollar held onto gains against other major currencies on Tuesday, although the greenback’s upward trend was expected to be limited by ongoing concerns over the U.S. deficit. Sentiment on the greenback remained fragile as the U.S. deficit is projected to climb near $1 trillion […]

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Patterns: USD/CHF, GBP/CHF

Patterns: USD/CHF, GBP/CHF

USD/CHF 4H Chart: Poised for a breakout The US Dollar has been constrained by a descending channel against the Swiss Franc after hitting a resistance at the 200—hour simple moving average on January 10. The currency pair has been bouncing between the upper and lower boundaries of the junior channel. However, there could be a […]

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USD/CHF slips below 0.92 handle, lowest since June 2015

USD/CHF surges to 4-day tops, around mid-0.9300s

   •  USD recovery gains traction from rising US bond yields.   •  Improving risk appetite weighs on CHF’s safe-haven appeal. The USD/CHF pair built on its recent recovery move from Friday’s 20-month lows and strengthened further beyond the 0.9300 handle. The pair continued gaining positive traction for the third consecutive session and has now gained […]

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NTPT and Richard Mille Confirm Supply and R&D Agreements

NTPT and Richard Mille Confirm Supply and R&D Agreements

North Thin Ply Technology (NTPT) and Richard Mille have signed a long-term collaboration and exclusive supply agreement. The new multi-year contract will see NTPT develop and provide its lightweight thin ply materials exclusively to Richard Mille for horology, jewellery and luxury stationery items. As part of the agreement, NTPT is also in the progress of […]

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USD/CAD Sudden But Natural Plunge Explained

Swiss Franc Extends Its Losses In The Asian Session

For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 0.9287. In economic news, Switzerland’s total sight deposits rose to a level of CHF575.1 billion in the week ended 16 February, compared to a level of CHF574.7 billion reported in the previous week. In the Asian session, at […]

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Dollar weakness back on track with old trends renewing

What’s Comes Next?

MONDAY HOLIDAY SLOG – Monday’s holiday trading session didn’t leave us with much to talk about into Tuesday. China will still be closed for a couple more days and the US will get back at it today, after enjoying the President’s Day long holiday weekend. Right now, the market is mostly focused on the state […]

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Don't underestimate currency risk

Don’t underestimate currency risk

The firm’s Global Portfolio Barometer found a weak dollar boosted US and Latin American (LatAm) investors’ portfolios in 2017, but European investors lagged in comparison because the strength of the euro against the dollar hurt their equity investments. Natixis Investment Managers reviewed a global sample of 466 ‘moderate risk’ and ‘balanced’ model portfolios from nine […]

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Algo trading harmed market during Swiss franc crash – paper

Algo trading harmed market during Swiss franc crash – paper

The Swiss franc moved dramatically against the euro on January 15, 2015 Algorithmic trading appears to have worsened “market quality” during the Swiss franc crash in January 2015, a staff working paper published by the Bank of England finds. The euro/Swiss franc currency pair suffered extreme volatility on January 15 that year after the Swiss […]

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