The euro has stabilized after extending yesterday's ECB-driven losses. The euro's drop yesterday was the largest since the UK referendum to leave the EU. Ahead of the weekend, there may be some room for additional corrective upticks, but they will likely be limited, with the $1.0650 area offering initial resistance. In the larger picture, this week's range, roughly $1.05 to $1.0850 likely will confine the price action for the remainder of the...
Read More »
Tag Archive: German Imports
Dollar Softens, Consolidation Phase Continues
The US dollar is trading choppily but with a distinct softer bias. The economic news has been limited, and the apparent downing of a Russian plane by Turkey caused a flurry of activity, with Turkish assets coming under initial pressure which has abated somewhat. The euro briefly dipped below $1.06 yesterday for new seven-month lows, …
Read More »
Read More »
Colin Lloyd on the end of the EUR CHF peg
Colin Llyod gives a detailed explanation of the end of the EUR/CHF peg on Seeking Alpha. Most extracts come from George Dorgan, on snbchf.com
Read More »
Read More »
Swiss GDP Details Compared to UK, USA, Germany, Japan and Australia, Q3 2013
The Swiss GDP was again one of the strongest major economies. The quarterly growth rate in the third quarter was 0.5%, the yearly one 1.9%. U.S. GDP improved by 3.6% QoQ annualized. For comparison purposes, our figures are not annualized; hence the equivalent is 0.9% QoQ. In Japan and Switzerland private consumption rose by 0.1% … Continue reading...
Read More »
Read More »