On Monday, another AI "panic trade" erupted, with growing concerns about the disruptive power of artificial intelligence causing stock prices to fall in delivery, payment, and software companies, and resulting in IBM's stock experiencing its biggest drop in 25 years. The panic began when a little-known firm called Citrini Research released a bearish report over the weekend. The report, published on social media on Sunday, outlined potential risks to various sectors of the global economy...
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Morgan Stanley’s Adams Says Gold-like Swiss Franc Could Surge 17%
Morgan Stanley strategists say the Swiss franc could surge as much as 17% against the dollar, fueled by increased confidence in its safe-haven status amid uncertainty surrounding US policy. "Low inflation, fiscal subsidies, and asset safety in Switzerland make the Swiss franc a safe haven," David Adams wrote in a report. They suggest the franc could reach a record high of 0.64 against the dollar in a "bear market" scenario. The exchange rate fluctuated around...
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FXCG Market Summary: Dollar Weakens, US Stock Futures Pressured by Tariff Uncertainty
On Monday, both the US dollar and US stock futures declined as uncertainty surrounding US trade policy eroded market confidence in US assets and increased the likelihood of volatility in global markets. S&P 500 futures fell 0.6%, and Nasdaq 100 futures fell 0.8%. The Japanese yen, Swiss franc, and Swedish krona led gains against the dollar after the dollar index retreated following last week's rise. Gold and silver rose, while crude oil fell as investors...
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FXCG Market Report: Week Ahead (February 22, 2026)
In the US, fourth-quarter earnings will continue to drive market sentiment next week, with results due from major companies including Nvidia, Berkshire Hathaway, Salesforce, Keurig Dr Pepper, HP, Snowflake, Synopsys, The Trade Desk, Intuit, and Baidu. Investors will also monitor speeches from several Fed officials, after minutes from the Federal Reserve’s latest meeting highlighted divisions over the interest-rate outlook and raised questions about the pace of potential rate cuts. On the data front, attention will...
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Five Key Takeaways from the US January CPI Report
Here are the key takeaways from the January Consumer Price Index report: The overall CPI rose 0.2% month-over-month, below economists' expectations; the core CPI, excluding food and energy prices, rose 0.3% month-over-month, in line with expectations. A 1.5% decline in energy prices was the primary reason for the slowdown in overall inflation to its lowest monthly pace since July of last year. The overall inflation rate and core inflation rate were 2.4% and 2.5%, respectively....
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