Tag Archive: EUR/CHF

FX Daily, December 11: Dollar Mixed to Start the Week, While Equities Firm

The US dollar is narrowly mixed in relatively quiet activity. Year-end adjustment is well underway, and the news stream is light to start the week that sees more than a dozen central bank meetings. There is little doubt in the market that the Federal Reserve will hike rates for the third time this year at mid-week.

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FX Daily, December 07: Equities and Oil Stabilize

Global equities are stabilizing today after the recent downside pressure. The MSCI Asia Pacific Index snapped an eight-day slump with a 0.4% gain, led by a rebound in Tokyo and India. European markets are firm, with the Dow Jones Stoxx 600 up around 0.25% near midday in London. All sectors are higher but telecom and real estate are performing best, while energy and health care are laggards.

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FX Daily, December 05: Sterling Sold on Negotiating Snafu, Aussie Bounces on Retail Sales and RBA

The US dollar is confined to narrow ranges against the euro and yen, straddling unchanged levels in the Asian session and the European morning. The action in elsewhere. The British pound is the weakest of the majors, paring 0.4% against the greenback, though around $1.3425, it can hardly be considered weak. A month ago, sterling was a few cents lower. Still, its gains reflected two things: broader dollar weakness and optimism on Brexit talks.

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FX Daily, December 04: US Dollar Marked Higher After Senate Passes Tax Reform

The US dollar opened higher in Asia and retained those gains through the European morning. The greenback has recouped most of the pre-weekend losses recorded in the wake of the indictment of a fourth former Trump Administration official by the special investigation into Russia's involvement in last year's election. However, two weekend developments seemed to blunt the impact of the guilty plea and admission of cooperation.

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FX Daily, December 01: Dollar Consolidates Weekly Gain, while Equities Ease to Start New Month

The release of the manufacturing PMIs confirm that the synchronized global expansion remains intact. The focus today is on three unresolved political challenges: US tax reform, the UK-Irish border and the talks that may produce another grand coalition in Germany. The US dollar is mixed, with the dollar-bloc currencies and Scandis pushing higher.

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FX Daily, November 30: US Dollar Comes Back Bid, but Brexit Hopes Underpin Sterling

The US dollar is broadly firmer. The rise in US yields yesterday has seen the greenback extend its recovery against the yen. It briefly pushed through JPY112.40, after dipping below JPY111.00 at the start of the week, for the first time since mid-September. Since the end of last week, been capped at the 200-day moving average against the yen, found near JPY111.70, but yesterday it pushed past. There are nearly $1 bln of options struck between...

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FX Daily, November 29: Sterling Charges Ahead on Brexit Hopes

Prospects of a deal with the EU has sent sterling to its best level in two months against the dollar. It reached $1.3430 in early European turnover. It had sunk to nearly $1.3220 yesterday as European markets were closing, which was a four-day low. It is the strongest of the major currencies today, gaining about 0.4%. With today's gains has met our retracement target near $1.3415. The momentum appears to give it potential toward $1.3500 in the...

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FX Daily, November 28: Greenback Ticks Up in Cautious Activity

The US dollar is consolidating its recent losses with a small upside bias. What promises to be an eventful week has begun with the Bank of England stress test and the publication of the Fed's Powell prepared remarks for his confirmation hearing to succeed Yellen as Chair. Unlike last year, this year's BOE stress test saw all seven banks pass.

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FX Daily, November 27: Slow Start to Busy Week

The US dollar is narrowly mixed and is largely consolidating last week's losses as the market waits for this week's numerous events that may impact the investment climate. These include the likelihood of the US Senate vote on tax reform, preliminary eurozone November CPI, a vote of confidence (or lack thereof) in the deputy PM in Ireland, Powell's confirmation hearing as Yellen's successor, the BOE financial stability report, and stress test, and...

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FX Daily Rates, November 24: Euro Continues to Push Higher

The euro is edging higher to trade at its best levels since the middle of last month. It is drawing closer to the $1.1880 area, which if overcome, could point to return to the year's high seen in early September near $1.2100. There is a combination of factors lifting the euro. The recent data, including yesterday's flash PMI, suggests that the regional economy is re-accelerating here in Q4.

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Weekly Technical Analysis: 20/11/2017 – USD/CHF, USD/JPY, EUR/USD, GBP/USD, GBP/AUD

USD/CHF, USD/JPY, EUR/USD, GBP/USD, GBP/AUD

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FX Daily, November 20: German Political Impasse Roils Euro…Briefly

News that the attempt to forge a four-party coalition in Germany collapsed Sunday saw the euro marked down in early Asian activity. The euro fell to nearly $1.1720 in the immediate response to the news, stabilized before turning higher in early European turnover. It quickly recovered and poked through $1.1800. The pre-weekend high was seen near $1.1820.

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FX Daily, November 16: Euro Extends Pullback

After rising to its best level since October 20, the euro reversed direction yesterday and has extended its pullback today. The unexpected tick up in US core CPI and better than expected retail sales may have helped spur the euro losses after three cent run-up over the past several sessions. There bearish candlestick (shooting star) leaves the late euro longs in weak hands.

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FX Daily, November 15: Dollar Slides

The euro and yen are extending their gains, casting a pall over the US dollar. The euro is extending its advance into a sixth consecutive session, which is the longest streak since May. It is approaching last month's highs in the $1.1860-$1.1880 area. As was the case yesterday, a consolidative tone in Asia was followed by strong buying in the European morning. There does not appear to be a fresh fundamental driver.

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FX Daily, November 13: Sterling Trounced by Growing Political Challenges

The US dollar has begun the new week on firm footing, without the help of either higher interest rates or increased confidence that Congress will agree on a tax plan. Indeed, over the weekend the Chair of the House Ways and Means Committee was explicit that the Senate plan to repeal the federal tax break for state and local taxes will not find support in the House of Representative.

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Weekly Technical Analysis: 06/11/2017 – USDJPY, EURUSD, GBPUSD, AUDUSD

USDJPY, EURUSD, GBPUSD, AUDUSD

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FX Daily, November 03: Dollar Firms Ahead of What is Expected to Be Strong US Jobs Data

The US dollar is firm but is not going anywhere quickly. The lack of fresh interest rate support and uncertainty over the US tax proposals, which the Brady, the Chair of the House Ways and Means Committee hopes to have a revised version out after the weekend so the committee work can begin on Monday.

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FX Daily, November 02: Dollar Pulls Back in Asia

We suggested the market was at crossroads. It is still not clear if the dollar's breakout, supported by higher yields is real or simply the fraying of ranges. Asia has pushed the dollar broadly lower. While the greenback finished the North American session above JPY114.00 for the first time since July, the fact that the US 10-year yield could not push back above the 2.40% level, does not help confidence.

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FX Daily, November 01: Super 48 Hours

This is it: The next 48 hours will be among the busiest of the year. The Bank of England meets tomorrow, and it not only gives a verdict on interest rates but also provides an update of its economic projections (Quarterly Inflation Report). And, among the innovations, the MPC minutes will be released. Ahead of the Federal Reserve meeting, the market will have the ADP private-sector job estimate.

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