Tag Archive: MACDs Moving Average

FX Weekly Review, January 23 – 28: Dollar Downwards and CHF Upwards Correction, for how long?

2017-01-29

US Dollar/Swiss Franc FX Spot Rate, January 21

The US dollar spent the first month of the new year correcting lower after a strong advance in the last several months of 2016. We argue that the correction actually began in mid-December following the Federal Reserve's rate hike.

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FX Weekly Review, January 16 – 21: Dollar Still Appears to Carving out a Bottom

2017-01-22

by George Dorgan

2017-01-22

The US dollar turned in a mixed performance over the past week. The technical indicators continue to support our expectation that after correcting since mid-December, following the Fed's hike, the dollar is basing.

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FX Weekly Review, January 09 – 14: Dollar Correction may be Over or Nearly So

2017-01-15

by Marc Chandler

2017-01-15

US Dollar/Swiss Franc FX Spot Rate, December 30

For the first week since the election of Trump, the Swiss Franc index had a clearly better performance than the dollar index. It improved by 1.5% in the last ten days.

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FX Weekly Review, January 02 – 07: Is the corrective phase of the dollar over?

2017-01-08

by Marc Chandler

2017-01-08

The lack of full participation and the resulting choppy conditions may have obscured the signal from the capital markets. That signal we think was one of correction since shortly after the Fed's rate hike in id-December. The question now, after the US employment data showed continued labor market strength and that earnings improvement remains intact, is whether the corrective phase is over.

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

2017-01-02

by Marc Chandler

2017-01-02

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

2016-12-26

by George Dorgan

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

2016-12-18

by George Dorgan

2016-12-18

USD/CHF compared to USD/EUR, 2011-2016 US Dollar Swiss Franc Euro

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

2016-12-11

by George Dorgan

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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FX Weekly Review, November 28 – December 02: CHF Index still at its 4% loss since U.S. Elections

2016-12-04

by George Dorgan

2016-12-04

The Swiss Franc index continued around its 4% loss since the U.S. elections, while the US Dollar index had a 4% increase. The focus shifts to the ECB meeting, where participants are wary of a "hawkish ease".

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FX Weekly Review, November 21 – November 25: Dollar Strength Losing Steam

2016-11-27

by George Dorgan

2016-11-27

Swiss Franc Index Trade-weighted index Swiss Franc

After a three-week rally, the dollar bulls finally showed signs of tiring ahead of the weekend. At least against the Swiss Franc index, the dollar index could further advance. We had observed SNB interventions in the previous week that kept the euro mostly above 1.07.

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FX Weekly Review, November 14 – November 18: Best Dollar Weeks since Reagan

2016-11-20

by George Dorgan

2016-11-20

Trade-weighted index Swiss Franc, November 18, 2016

The US dollar has recorded its best two-week performance since Reagan was President. The weeks after Trump's election continue to see a weakening of the Swiss Franc, while the dollar index is on a steady rise. Still both the euro and the yen have seen worse performance than the Swiss Franc. The euro is currently under 1.07.

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FX Weekly Review, November 07 – November 11: The Trump Reflation Trade

2016-11-13

by George Dorgan

2016-11-13

Trade-weighted index Swiss Franc, November 04, 2016

The Swiss Franc Index rose sharply, shortly after the U.S. elections. But then the Trump reflation trade came. Trump may fulfills the wet dreams of many economists. With tax cuts he might extend the U.S. fiscal deficit up to 10% per year. This resulted in: Gains on U.S. stocks, inflows in U.S. Bonds, inflation hedges gold and Swiss Francs.

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FX Weekly Review, October 31 – November 04: Dollar at Crossroads

2016-11-06

by George Dorgan

2016-11-06

Swiss Franc Currency Index As visible in the graph, the Swiss Franc index recovered most of its losses against the US Dollar Index for the last 30 days. In the last 30 days, both the USD currency index and the CHF currency index have had a positive performance.

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

2016-10-30

by George Dorgan

2016-10-30

Swiss Franc Currency Index, October 22 2016

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

2016-10-23

by George Dorgan

2016-10-23

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

2016-10-16

by George Dorgan

2016-10-16

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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Is The US Dollar Set To Soar?

2016-10-03

by Charles Hugh Smith

2016-10-03

Hating the U.S. dollar offers the same rewards as hating a dominant sports team: it feels righteous to root for the underdogs, but it's generally unwise to let that enthusiasm become the basis of one's bets. Personally, I favor the emergence of non-state reserve currencies, for example, blockchain crypto-currencies or precious-metal-backed private currencies--currencies which can't be devalued by self-serving central banks or the private elites...

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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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