Equity Research - Credit Suisse -
Credit Suisse Global Equity Strategy team believes that the dollar is likely entering a long-term bear market. Dollar bull markets have typically lasted 6-7 years, and bear markets 9-10 years. We agree with our FX strategists’ view of EURUSD at 1.22 in 12 months’ time. Among the factors supporting the… Read More »
Trading at 1.18/1.19 to the dollar, the euro has become a pricey currency. But the European currency has also gained against all other currencies as its effective exchange rate has returned to levels unseen since the end of 2014. So we can no longer count on the euro losing value.… Read More »
Martin Arnold -
USD dollar in a bottoming process as the US Federal Reserve becomes more proactive with monetary policy. Euro primed for decline as investor positioning is extremely overcrowded despite measured European Central Bank (ECB) rhetoric. New directional driver for FXCurrency volatility has made a persistent move downward in recent weeks, back… Read More »
Martin Arnold -
Investor sentiment has rebounded strongly, albeit from record levels of pessimism. We expect that the worst-case scenario surrounding Brexit negotiations has already been priced in for GBP. Consolidation ahead of UK electionWe expect that the British Pound will experience a period of consolidation around current levels ahead of the UK… Read More »
Arnaud Masset -
Most currency pairs have been trading sideways so far this week as investors remained reluctant to choose sides between Dollar bears or bulls. Obviously against this backdrop of uncertainties, the Japanese Yen took the best of the situation and extended gains as it returned below the 111 threshold. Investors will… Read More »
Joachim Corbach -
The Swiss Franc has always seen strong demand in times of elevated risk, be it market risk or geopolitical risk.And in the past it has probably been the number one “safe haven” currency, even ahead of the JPY and USD. While JPY and USD in risky times usually experience an… Read More »
Mati Greenspan -
The Jobs numbers on Friday were great! The headline number, 235 Thousand Jobs added in February far surpassed analysts estimates, but wage growth was a bit less than expected. Stocks on Wall Street managed to chug a green day out but ended up at a loss for the week, the… Read More »
Peter Rosenstreich -
USD lagging yieldsUS equity markets wasted no time after the long weekend rallied to new record highs. The general optimism relies on the strong economic outlook. Fed speakers sounding increasingly hawkish, suggesting a steeper rate path but also US economic acceleration, which will support corporate earnings. Fed president Hackers… Read More »
Martin Arnold -
Markets have repriced the Euro lower, as the chance for a populist Presidential win from Le Pen’s Front Nationale (FN) has increased in recent weeks. Politics repricing the EuroAnalysts have repriced consensus forecasts lower for the EUR/USD during 2017, as political uncertainty threatens to break-up the Eurozone. At the end… Read More »
Martin Arnold -
The US Dollar has jumped sharply in recent months, reaching the highest level since late 2002. The US Dollar has moved ‘too far too fast’ and could unravel in coming months if the US Federal Reserve’s actions don’t live up to its rhetoric. Strong economic environment…Strong economic data, particularly the… Read More »
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