Research Market strategy
by Swissquote Analysts

Two of the main central banks presented their verdict last week. As expected, the Fed continued to signal four rate hikes for 2018, while the ECB announced the end of its quantitative easing programme by the end of the year. However, investors...

15.06.2018

Fears of a trade war continues to damage short-term risk appetite in select markets. Despite MSCI world index hitting all-time highs, FX markets are finding it difficult to hold risk-on positions. Yet, if you thought last week was bumpy, this...

08.06.2018

Italy politics and Trump’s tariffs take centre stage.

Another week heavy with short.-term headline grabbing news. From political chaos in Italy and Spain to the USA stepping a bit closer to as full-tilt trade war, economic fundamentals...

01.06.2018

EU’s old demons resurface.

In Europe, economic data continues to disappoint, causing investors to discount ECB’s “normalization” path. However, the central banks desire to move away from extreme policy will lower the threshold for...

25.05.2018

Trump’s sanctions sow turmoil

Geopolitical tensions have risen substantially lately, thanks to the Trump administration that set the cat amongst the pigeons. After initiating a trade war against most of its trade partners and torn apart...

18.05.2018

USD remained dominate despite the weak CPI read and declining mid-and-long dated US interest rate yields. With the Fed rate decision less than a month away, US curve continues to flatten suggesting a level of nervousness. Geopolitics were...

11.05.2018

As broadly expected, the Federal Reserve held rates steady on Wednesday and made minor adjustment to the accompanying statement. However, it didn’t prevent the greenback to extent gains during the week. Lately, the dollar has become the...

04.05.2018

Turkey Central Bank monetary policy left investors rather indifferent on Wednesday as they were waiting for more commitment from the monetary authority. The lira endures the same faith as EM countries, losing ground against the greenback. The...

27.04.2018

Despite a tense geopolitical situation, the single currency has finally made its way back to the infamous 1.20 level against the Swiss franc. The level has not yet broke but it is only a matter of time as investors do not feel the need to seek...

20.04.2018

ECB following in the Fed’s footsteps.

The ECB will define FX direction over the Fed and US interest rates. So when will the European Central Bank tighten money? Last week, Austrian Ewald Nowotny declared that the ECB should get on with...

13.04.2018