Tag Archive: EUR/CHF

FX Weekly Review, March 20 – March 25: Dollar Bottom Near?

In the last week, the Swiss Franc index recovered and gained about 2%. The dollar index lost 1.5%. Position adjustments: The dollar tended to trade heaviest against those currencies that speculators were short, like the euro, yen, and sterling.

FX Weekly Review, March 13 – March 18: Fed Disappoints, Dollar Losses

The failure of the Fed to signal an increased pace of normalization and the prospects of other central banks raising rates spurred dollar losses, which deteriorated its technical outlook.

FX Daily, March 16: Greenback Consolidates Losses as Yields Stabilize

The US dollar remained under pressure in Asia following the disappointment that the FOMC did not signal a more aggressive stance, even though its delivered the nearly universally expected 25 bp rate hike. News that the populist-nationalist Freedom...

FX Daily, March 14: Brexit Takes Fresh Toll on Sterling, While Dollar Firms more Broadly

UK Prime Minister May got the parliamentary approval the courts ruled was necessary to formally trigger Article 50. It is not clear what UK she will lead out the EU. Scotland is beginning the legal proceedings to hold another referendum on...

FX Daily, March 13: Bonds and Equities Rally, Dollar Heavy

Hit by profit-taking ahead of the weekend, despite US jobs data that remove the last hurdle to another Fed hike this week, the greenback remains on the defensive. It has softened against all the major currencies and many of the emerging market...

FX Weekly Review, March 06 – March 11: CHF loses against the euro

The Swiss Franc lost this week in particular against the euro, given that Mario Draghi was less dovish than expected. If the stronger euro is driven only by speculators, or also by "real money" (investments in cash, bonds, stocks) will be visible in...

FX Daily, March 10: US Jobs Data: Deja Vu All Over Again?

A week ago, after nine Fed officials had spoken, the market widely expected Yellen and Fischer to confirm that the table was set for a rate hike later this month. They did, and the dollar and US interest rates fell. Now, after a strong ADP jobs report...

FX Daily, March 09: Pre-ECB Squaring Lifts Euro in a Strong USD Context

The euro tested the lower of its range near $1.05 in Asia before short covering in Europe lifted back toward yesterday's highs near $1.0575. However, buoyed by the upside surprise in the ADP estimate of private sector jobs growth, the dollar is firmer...

FX Daily, March 07: Greenback Continues to Recover from the Late Pre-Weekend Slide

The US dollar has continued to recover from the slide on what still largely appears to have been a buy the rumor sell the fact response to Yellen's speech just before last weekend. Yellen was the last of around 11 Fed officials that spoke last week,...

FX Daily, March 06: The Dollar Gives Back More Before Consolidating

The US dollar's pre-weekend pullback was extended in early European turnover but appeared to quickly run out of steam. The prospect of a constructive US employment report at the end of the week, especially given the steady decline in weekly initial...

FX Weekly Review, February 27 – March 04: Dramatic Shift in Fed Expectations Spurs Dollar Gains, but Now What?

The pendulum of market sentiment swung hard and fast toward a Fed rate hike in the middle of March. The signals from Fed officials, including Governor Brainard and Powell, spurred the move. According to Bloomberg, the market had discounted a 90% chance...

FX Daily, March 03: Yellen and Jobs Report Last Two Hurdles to US Hike

The US dollar is narrowly mixed as Yellen's speech in Chicago is awaited. The greenback's three-day advance against the euro and four-day advance against the yen is at risk. The dollar-bloc currencies, where speculators in the futures market had gone...

FX Daily, March 02: Dollar Remains Bid

The US dollar is bid against the major currencies as the combination the increased expectation of a Fed rate hike and the President's commitment to fiscal stimulus buoys sentiment. The dollar-bloc, where speculators in the futures market, have grown a...

FX Daily, March 01: Greenback Bounces, More Fed than Trump

The much-anticipated speech by US President Trump was light on the details that investors interested in, like the tax reform, infrastructure initiative, and deregulation. There appears to be an agreement to repeal the national healthcare, but there is...

FX Daily, February 27: Asia Stumbles, Europe Recovers, Waiting for Trump

The late recovery in US equities before the weekend did little good for Asian markets. Nearly all the Asian equity markets moved lower, led by the 1.0% decline in Japan's Topix. It was the third successive loss for the Topix, which is the long losing...

FX Weekly Review, February 20 – 25: Ranges in FX: Respect the Price Action

It is difficult right now to talk about the foreign exchange market using the dollar as the numeraire. The dollar was stronger against most of the major currencies last week, but not the yen or sterling. The Dollar Index itself was little changed,...

FX Daily, February 24: Anxiety? What Anxiety?

The US dollar is finishing the week on a mixed note in choppy activity in narrow ranges. It is an apt way to finish this week, which has been largely directionless as investors wait for fresh incentives, and are especially looking toward Trump's speech...

FX Daily, February 23: Dollar Chops About, as “Fairly Soon” Does not Mean mid-March

The US dollar is confined to narrow ranges today within yesterday's ranges. Equity markets posted small gains in Asia and have an upside bias in Europe. Core bond yields are softer, and today this includes France, but peripheral European 10-year...

FX Daily, February 22: Euro Meltdown Continues

February has been cruel to the euro. Of the sixteen sessions this month, counting today, the euro has risen in four, and two of those were last week. Its new four-day slide pushed it below $1.05 for the first time in six weeks as European markets were...
Page 112345...Last »