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Fears of systemic risk in the banking sector Lately, fears of systemic risks in the banking sector has been the most prominent and important market theme. The collapse of the regional...
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2 Minutes
2 Minutes
EUR/USD: The downgrade from Fed’s expectation strengthens the Euro
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The single European currency seems to be trying to consolidate at the level of 1,07 and so far it is moving mildly upwards as the expectations of the Fed meeting which...
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12 Minutes
FX thoughts for the week
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Between hikes and financial stability Four G10 central banks (Fed, SNB, Norges, BOE) meet this week amid elevated market stress. I see upside risks in NOK (vs SEK) and downside ones...
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3 Minutes
The problem with Fed cuts getting priced in at warp speed
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The failure of two US regional banks and vapid concerns about Credit Suisse completely turned risk appetite off. The sell-off in banks has led to a high level of market stress....
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0 Minutes
Lagarde speech: Without tensions, would have indicated further hikes would be needed
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“We are very confident that capital and liquidity positions of the Euro area banks are well in excess of requirements,” European Central Bank (ECB) President Christine Lagarde told European Parliament’s Committee on Economic...
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3 Minutes
UBS ends Credit Suisse Crisis with $3.25 billion buyout, CS stock purchased for 0.76 CHF
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UBS purchased Credit Suisse for $3.25 billion over the weekend. AT1 bondholders will not receive bailout. CS stock (ADR) trades at $0.84 in premarket. Credit Suisse shareholders will receive one UBS...
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11 Minutes
This is a week for central banks
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Outlook: This is a week for central banks, starting with the Fed on Wednesday and the SNB and BoE on Thursday. The Fed and BoE were each expected to do 25...
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3 Minutes
UBS buys Credit Suisse to end stress
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UBS bought Credit Suisse (CS) in a government-brokered deal for 0.76 cents of franc per share, or CHF3bn in total. The Swiss National Bank (SBN) offered UBS $100 billion in liquidity...
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7 Minutes
GBP/USD Weekly Forecast: Fed, BoE and banking crisis to dictate the next direction
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GBP/USD bulls survived even as US banking crisis reached European shores. Focus shifts to US Federal Reserve and Bank of England policy announcements. GBP/USD buyers stay hopeful whilst above 1.2000 amid...
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9 Minutes
Fragile calm to end the volatile week even with the quadruple expirations
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Overview: The support for First Republic Bank shown by a consortium of US banks by shifting $30 bln of deposits is helping break the financial anxiety that has gripped the market for...
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