Euro Is Wearing France’s Fiscal Bill

Spain has now added another political log to the fire with snap elections scheduled for late November. On its own, Spain probably would not have been enough to knock the euro lower, but markets already have one eye on F…

Read more →

Euro: Pressured yet systemic risk contained – DBS

DBS strategist Philip Wee explains that EUR/USD’s four-week decline reflects shifting risk balances, with renewed Federal Reserve (Fed) tightening overshadowing the European Central Bank (ECB) and France’s fiscal issues…

Read more →

EUR/USD Repriced for Fiscal Woes

France is no longer being treated by markets as an unquestionably "core" European sovereign. The clearest warning is coming from government bonds: investors are demanding a larger premium to lend to France than to Italy…

Read more →

Oil: Diverging supply signals shape Brent – ING

ING’s Warren Patterson notes that ICE Brent has repeatedly dipped below $100/bbl but continues to settle above this level as the market weighs conflicting supply and geopolitical factors. Higher oil flows through the St…

Read more →