Tag Archive: EUR/CHF

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

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

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 19: FX After China GDP

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

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

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

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 14: Firm Dollar Consolidating, Awaiting US Retail Sales

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

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

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

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

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

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 14: Precarious Stabilization

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

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

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

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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