Tag Archive: EUR/CHF

FX Daily, January 04: Consolidation in Capital Markets

2017-01-04

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2017-01-04

FX Performance, January 04 2017 Movers and Shakers
GBP/CHF rates have jumped during the first official day of trading in 2017, with the pair hitting 1.2657 at today’s high. The Pound gained support this morning following positive UK Manufacturing data, which came in well above market expectation. This increased market confidence in the UK economy and the Pound has ultimately benefited as a result, gaining a cent on the CHF.

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Weekly Sight Deposits and Speculative Positions: SNB Intervenes, Speculators Short CHF again

2017-01-03

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2017-01-03

Euro/Swiss Franc FX Cross Rate, January 03
Last week's data: FX: EUR/CHF was between 1.07 and 1.0750. SNB sight deposits: SNB intervenes for 0.7 bn. CHF at the EUR/CHF 1.07 level. CHF Speculative Positions Speculators went net short CHF with 10K contracts, this is still far from the 26.K contracts record.

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FX Weekly Review, December 26 – 30: Dollar Correction Poised to Continue

2017-01-02

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2017-01-02

US Dollar/Swiss Franc FX Spot Rate, December 30
The technical condition of the US dollar, which has been advancing through most of the Q4 16, has been deteriorating This led us to anticipate a consolidative or corrective phase.

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FX Daily, December 30: Dollar Slips into Year End

2016-12-30

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2016-12-30

New Year
In exceptionally thin conditions that characterize the year-end markets, a reportedly computer-generated order lifted the euro from about $1.05 to a little more than $1.0650 in a few minutes early in the Asian sessions.

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FX Daily, December 29: Dollar, Equities and Yields Fall

2016-12-29

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2016-12-29

FX Performance, December 29 2016 Movers and Shakers
In thin holiday markets, a correction to the trends seen in Q4 has materialized. The US dollar is heavy. Japanese and European equities are lower. Bonds are firmer.

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FX Daily, December 28: Short Note for Holiday Markets

2016-12-28

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2016-12-28

FX Performance, December 28 2016 Movers and Shakers
Economic data: Japan stands out with industrial production in Nov rising 1.5%, the most in five months. It was a little less than expected, but the expectations for Dec (2%) and Jan (2.2%) are constructive.

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FX Daily, December 27: Markets Becalmed in Wait-and-See Mode

2016-12-27

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2016-12-27

Japan Construction Orders YoY, November 2016
As skeleton teams return to the trading desks in New York, the US dollar is largely where they left it at the end last week. Japanese markets were open yesterday, while UK, Australia, New Zealand, Hong Kong and Canadian markets are still closed today.

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FX Weekly Review, December 19 – December 23: Assessment of the Dollar’s Technical Condition

2016-12-26

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2016-12-26

Trade-weighted index Swiss Franc, December 23
The small adjustment to Fed’s anticipated path for the Fed funds target helped lift the US dollar to its highest level against the euro since 2003, and to ten-month highs against the Japanese yen. The graph shows that the dollar has improved by 25% against the euro, but only by 10% against CHF over the last 3 years.

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FX Daily, December 23: Markets Edge into Holiday Weekend

2016-12-23

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2016-12-23

FX Performance, December 23 2016 Movers and Shakers
Asian shares trade heavily. The MSCI Asia-Pacific Index ex-Japan fell 0.4%. It is the fourth lower close this week and brings the loss to 1.75% for the week. It is fallen in seven of the past nine weeks. The Dow Jones Stoxx 600 is little changed on the session and is nursing a minor loss on the week and could snap a two-week advance.

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FX Daily, December 22: Mixed Dollar amid Light News as Investors Move to Sidelines

2016-12-22

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2016-12-22

FX Performance, December 22 2016 Movers and Shakers
GBP/CHF rates have dipped over the past week, as the markets start to slowdown ahead of the Christmas period. Market trends become harder to predict at this time of year, due to the fact there is less capital injected by investors. Less liquidity ultimately equals less stability and the Pound may be suffering due to investors pulling their funds away from it and into safer haven currencies such as the CHF.

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FX Daily, December 21: Dollar Mixed in Thinning Activity, Dow 20,000 Watch Continues

2016-12-21

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2016-12-21

FX Performance, December 21, 2016 Movers and Shakers
The US dollar is narrowly mixed as the holiday markets make for light turnover. Global equity markets are not finding much encouragement from the new record highs by the Dow Jones Industrials. There have been a few developments to note.

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FX Daily, December 19: EUR/CHF Dives under 1.07

2016-12-19

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2016-12-19

FX Performance, December 19 2016 Movers and Shakers
Once again a line in sand for the Swiss National Bank is broken. The EUR/CHF falls under 1.07. But trading algorithms are like this: When the EUR/USD is falling, then the EUR/CHF must follow. The SNB decided not to intervene any more at 1.07.

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FX Weekly Review, December 12 – December 16: Fed Lifts Dollar, but Consolidation may be on Tap

2016-12-18

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2016-12-18

USD/CHF compared to USD/EUR, 2011-2016 US Dollar Swiss Franc Euro
The small adjustment to Fed’s anticipated path for the Fed funds target helped lift the US dollar to its highest level against the euro since 2003, and to ten-month highs against the Japanese yen. The graph shows that the dollar has improved by 25% against the euro, but only by 10% against CHF over the last 3 years.

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FX Daily, December 16: Markets Turn Quiet Ahead of the Weekend, Dollar Consolidates Gains

2016-12-16

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2016-12-16

FX Performance, December 16 2016 Movers and Shakers
Some mild position squaring pressures are evident ahead of the weekend, and for many market participants the year is coming to an end. Outside of the BOJ meeting next week, the calendar turns light and markets are moving into holiday mode. The Dollar Index is seeing this week's gains trimmed, but it is up nearly 1.4% this week. Although the election has seen the dollar's gains accelerate, the current leg up began in early October. The Dollar...

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FX Daily, December 15: Greenback Extends Gains on Back of Fed

2016-12-15

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2016-12-15

FX Performance, December 15 2016 Movers and Shakers
Sterling has made steady gains against the CHF over the past month and although the spike has levelled this week, the Pound has certainly gained a foothold. Yesterday’s decision by the US Federal Reserve to raise their base rate from 0.25% to 0.5% did little to shift the value of GBP/CHF but with investors still digesting the outcome, we may yet find it still has an effect.

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FX Daily, December 14: Markets Quietly Edge into FOMC Meeting

2016-12-14

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2016-12-14

FX Performance, December 14 2016 Movers and Shakers
The Pound is entering mid-December in the same fashion it begun the month after having a very strong November as well. After being buoyed by Donald Trump’s victory and the High Courts ruling that parliamentary approval is needed before invoking Article 50, the Pound has been boosted further after economic data has also impressed, with yesterday being a good example of this.

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FX Daily, December 13: Narrowly Mixed Dollar Conceals Resilience

2016-12-13

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2016-12-13

FX Performance, December 13 2016 Movers and Shakers
The US dollar is little changed against most of the major currencies. The dollar finished yesterday's North American session on a soft note, but follow through selling has been limited. After rallying to near 10-month high above JPY116 yesterday, the greenback finished on session lows near JPY115.00. Initial potential seemed to extend toward JPY114.30, but dollar buyers reemerged near JPY114.75, and it rose back the middle of the two-day range...

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FX Daily, December 12: Dollar and Yen Trade Lower to Start the Week

2016-12-12

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2016-12-12

FX Performance, December 12 2016 Movers and Shakers
The US dollar and Japanese yen are trading lower. The tone is largely consolidative, and the foreign exchange market is not main focus today. Instead, the OPEC-non-OPEC agreement before the weekend is arguably the key driver today. Oil prices are up 4.5%-4.8%, lifting bond yields and supporting oil producers' currencies, like the Norwegian krone, Canadian dollar, the Russian ruble and Mexican peso.

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FX Weekly Review, December 05 – December 09: Dollar Bulls Running Out of Time to See Parity vs Euro in 2016

2016-12-11

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2016-12-11

Trade-weighted index Swiss Franc, December 02
  Swiss Franc Currency Index The Swiss Franc index remained in a losing position compared to the dollar index. However since November 25, it has remained stable. Given that the ECB extended the QE period, the EUR/CHF has fallen to 1.0730 again.   USD/CHF The US dollar is finishing the year on a firm note.  It rose … Continue reading »

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