Tag Archive: EUR/CHF

FX Weekly Review, October 17-21: Golden Cross in Dollar Index and Deadman’s Cross in the Euro

2016-10-23

Swiss Franc Currency Index, October 22 2016

The Swiss Franc index had once again a bad stance against the dollar index. The CHF index was down 1%. The dollar index, however, improved. The US dollar rose against the major currencies last week, except the Australian and Canadian dollars.

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FX Daily, October 21: Greenback Ending Week on Firm Note

2016-10-21

by Marc Chandler

2016-10-21

FX Performance, October 21 2016 Movers and Shakers

The US dollar is firm especially against the European complex and emerging market currencies. The yen continues to be resilient, and exporters are thought be capping the dollar above JPY104. The dollar is lower against the yen for the fourth consecutive session and set to snap a three-week advancing streak.

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FX Daily, October 20: ECB Unlikely to Shake Dollar’s Slumber

2016-10-20

by Marc Chandler

2016-10-20

GBP/CHF rates have fallen dramatically over the past month, as Sterling continues to find itself under pressure against the major currencies. However, despite these losses it is not all doom and gloom for those clients holding GBP, as Tuesday’s positive spike for the Pound proved. Currency does not move in a straight line and therefore we will see opportunities for those clients holding GBP to take advantage of, even if a sustainable Sterling...

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FX Daily, October 19: FX After China GDP

2016-10-19

by Marc Chandler

2016-10-19

FX Performance, October 19 2016 Movers and Shakers

The Swiss Franc has strengthened against the pound as global uncertainty persists in the form of the UK’s Brexit vote and the US Presidential Election. Looking ahead it seems the CHF may soften a little as we learn of the new President, I found it very interesting that yesterday Paddy Power paid out on any bets for Hilary Clinton to become President in the United States.

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FX Daily, October 18: Dollar Slips Broadly but not Deeply

2016-10-18

by Marc Chandler

2016-10-18

FX Performance, October 18 2016 Movers and Shakers

According to Bank of England deputy governor Ben Broadbent the drop in the value of Sterling has helped to stop the UK economy from falling further since the shock of the Brexit vote. He went on to say ‘in the shape of the referendum, we’ve had exactly one of those shocks’ and added that the Bank of England would not interfere with monetary policy to boost the Pound’s value.

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FX Daily Rates, October 17: Dollar Starts Week Narrowly Mixed, while Bonds and Stocks Retreat

2016-10-17

by Marc Chandler

2016-10-17

FX Performance, October 17 2016 Movers and Shakers

The US dollar is consolidating in relatively narrow trading ranges. Participants appear to be waiting for fresh incentives, while the recent rise yields continue and equities have begun the new week on a soft note. Yellen spoke before the weekend, and her explicit willingness to tolerate higher inflation pushed yields higher, while not deterring expectations for a hike in December.

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FX Weekly Review, October 10-14: Rates Still Key to Dollar’s Outlook

2016-10-16

by George Dorgan

2016-10-16

Swiss Franc Index Trade-weighted index Swiss Franc

FX Daily, October 14: Firm Dollar Consolidating, Awaiting US Retail Sales

2016-10-14

by Marc Chandler

2016-10-14

FX Performance, October 14 2016 Movers and Shakers

The US dollar is firm against most of the major currencies, but within yesterday's ranges, which seems somewhat fitting amid the light new stream. The high-yielding Australian and New Zealand dollars are resisting the stronger greenback, while on the week the Aussie and the Canadian dollar are the only majors to gain.

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FX Daily, October 13: Dollar Edges Higher, though US Rates Soften

2016-10-13

by Marc Chandler

2016-10-13

FX Performance, October 13 2016 Movers and Shakers

The EUR/CHF remains in the range of 1.0815 to 1.0980. The SNB usually intervenes below 1.0850. I am expecting that speculators are reducing their CHF short positions. More tomorrow.

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FX Daily, October 12: May Concedes to Parliament, Sterling Rises after Pounding

2016-10-12

by Marc Chandler

2016-10-12

FX Performance, October 12 2016 Movers and Shakers

News that UK Prime Minister May has accepted that Parliament should vote on her plan for exiting the EU stopped sterling's headlong slide. Sterling had been pounded for roughly 8.5 cents since the start of the month including the last four sessions. The idea that parliament, where the Conservatives enjoy a slim majority, is less enthusiastic about Brexit may mean a less acrimonious divorce.

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FX Daily, October 11: The Dollar Remains Bid

2016-10-11

by Marc Chandler

2016-10-11

FX Performance, October 11 2016 Movers and Shakers

The US dollar is bid against all the major and most emerging market curerncies. An important driver is the backing up of US rates. The two-year yield, which is particularly sensitive to Fed policy is at it highest levbel since early June (~86 bp). The US 10-year yield is five basis points hihger today at 1.77%, which is the highest in four months.

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FX Daily, October 10: Dollar after the Second Debate

2016-10-10

by Marc Chandler

2016-10-10

FX Performance, October 10 2016 Movers and Shakers

The US dollar has started the new week on a firm note. The light news stream and holidays in Japan, Canada and the United States make for a subdued session. Notable exceptions to the dollar's gains are the Canadian dollar and Mexican peso. Both currencies appear to have been. underpinned by US political developments, the main feature of which is the implosion of the Trump campaign.

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FX Weekly Review, October 03-07: Dollar Profits on Strong ISM Index

2016-10-08

by George Dorgan

2016-10-08

The Franc index lost considerably in the last week, in particularly in comparison to the dollar index. Reason was the exceptionally strong U.S. ISM Non-Manufacturing Index.

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FX Weekly Review, September 26-30: Dollar vulnerable at the Start of Q4, CHF collapses at Quarter End

2016-10-02

by George Dorgan

2016-10-02

The US dollar fell against most of the major currencies in Q3. The Norwegian krone was the best performer, gaining 4.4% against the greenback, followed by Aussie and Kiwi. The Swiss Franc collapsed on Friday at quarter end.

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FX Weekly Review, September 12 – 16: U.S. Dollar Resilience Despite Hawkish ECB and bad ISM

2016-09-17

by George Dorgan

2016-09-17

The dollar was surprisingly strong this week. This despite a more hawkish ECB, bad U.S. economic data in the ISM surveys.

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FX Daily, September 15: Early Update: Full Calendar but Little News

2016-09-15

by Marc Chandler

2016-09-15

Looking at the diary, today is the most important day of the week. The Bank of England and the Swiss National Bank meet. The UK reports retail sales. EMU reports CPI figures. The US reports retail sales, industrial output, and two September Fed surveys. Yet the economic updates are unlikely change sentiment ahead of next week FOMC and BOJ meetings.

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FX Daily, September 14: Precarious Stabilization

2016-09-14

by Marc Chandler

2016-09-14

Swiss ZEW expectations came in better than expected. The value was +2.7 instead of expected negative value. The US dollar advanced yesterday and is in narrow ranges with a mostly softer bias today. The exception is the Japanese yen. Japanese press have reported that more negative rates are under consideration may have contributed to the weakness of the yen.

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FX Weekly Review, September 05 – September 09: Dollar Proves Resilient as Market Rates Rise

2016-09-10

by George Dorgan

2016-09-10

It took the market a few days to overcome the shockingly poor non-manufacturing ISM (51.4 vs. 55.5). However, by the end of the week, the US dollar bulls had regained the upper end.

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FX Weekly Review, August 29 – September 2: Disappointing Jobs Data Doesn’t Break the Buck

2016-09-04

by George Dorgan

2016-09-04

During this week the Swiss Franc index lost against both dollar and euro. The CHF index ended one percent down. Despite not convincing US jobs, the dollar index ended in positive territory.

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FX Weekly Review, August 22 – August 26: Swiss Franc Loses Most Gains Again

2016-08-28

by George Dorgan

2016-08-28

After winning 5% against the dollar index last week, the Swiss Franc index lost 3% again. CHF lost against both USD and EUR. Reason: An increased probability of a rate hike in the U.S.

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