Tag Archive: Japanese yen

FX Weekly Review, October 24-28: October Surprise Pushes Open Door

The Swiss Franc Index could recover some of the losses as compared to the US dollar index. Still the USD/CHF remains above 0.99. The US dollar rose against most of the major currencies last week, but the upside momentum appeared to be dissipating, even before the FBI's announcement about new Clinton emails. There are a few exceptions like the greenback's performance against the Japanese yen, Canadian dollar, and Swedish krona. The dollar made new...

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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 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 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 Daily, September 26: Dollar Mixed while Stocks Slide to Begin Last Week of Q3

The US dollar is narrowly mixed. The euro, yen and Swiss franc are higher, while the dollar-bloc and sterling are softer. The moving element here is not so much the greenback, which serving more as a fulcrum, but idiosyncratic, country-level developments.

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FX Daily, September 23: It is Friday and the Dollar is Firmer Again

As Nassim Taleb instructed, we should not be fooled by randomness. If you see six red results in a row at a roulette table, do not conclude the game is rigged. If you flip a coin, and it is tails six consecutive times, the contest is not necessarily rigged.

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FX Daily, September 22: Swiss Franc Strongest Currency Again

Once again the Swiss Franc was the strongest. The EUR/CHF depreciated to 1.0875. As said yesterday, the reasons: the Fed and the strong Swiss trade balance.

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FX Daily, September 21: BOJ Can’t Weaken Yen, Fed keeps Rates Unchanged, CHF Stronger

The EUR/CHF accelerated its decline since yesterday's strong Swiss trade balance data. The second reason was certainly the Fed decided to keep rates unchanged. We know that the Swiss Franc has similar "counter-dollar" status as gold.

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FX Daily, September 20: The Swiss Franc Continues To Rise.

The trade balance express if a currency is overvalued or not. The Swiss trade surplus is constant or rather rising, hence the Swiss Franc is correctly valued or rather undervalued. And the franc continues to appreciate.

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FX Daily, September 19: Dollar Begins Important Week on Softer Note

The US dollar, which finished last week on a firm note, is under pressure to start the new week that features Bank of Japan and Federal Reserve meetings. The slighter stronger August CPI reading helped lift the greenback ahead of the weekend, but investors continue to see a low probability of a Fed hike this week.

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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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Thoughts on the Price Action

Global interest rates are rising. Something important is happening. It appears to be dollar positive.

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FX Daily, September 12: Markets Off to a Wobbly Start

The EUR/CHF retreated today together with falling stock prices. When investors sell their stocks and move into cash, then the Swiss Franc very often appreciates. This is the safe haven effect: cash in Swiss Franc is perceived as more secure.

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Weekly Speculative Postions: CHF net long positions down from 8.2K down to 1.5K

The Swiss Franc depreciated this week again. The euro rose to 1.960. One reason is the reduction in net long CHF speculative position from 8.2K to 1.6K contracts. Given the weak ISM non-manufacturing PMI, it remains unclear. why speculator now move into the dollar.

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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 Daily, September 07: Dollar Stabilizes, but Hardly Recovers

Disappointing industrial output figures from Germany and UK are helping stabilize the US dollar after yesterday's shellacking. Investors have been fickle about the prospects for a rate hike this month, and the unexpected dramatic slide in the service spurred a downgrading of such expectations, and a flight out of the dollar. It was not simply a quest for yields, though that was part of it. Surely the yen and euro's strength is not a function of...

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FX Daily, September 6: Dollar Heavy in Quiet Markets

The US dollar is trading heavily against most of the major and emerging market currencies. However, the losses are modest, and the greenback remains within recent ranges. The Antipodean and Scandi bloc currencies are performing best.

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