Tag Archives: 4) FX Trends

US Dollar rises versus Swiss Franc for the second-day in-a-row USD/CHF testing key 200-day simple moving average and 0.9950.  The USD/CHF rose on Thursday, holding firm above 0.9900. The pair peaked on European hours at 0.9947 and then pulled back finding support at 0.9900. The bounced back to the upside unable to challenge daily highs and is trading at 0.9930. The move to the upside was not as strong as earlier today amid a deteriorating sentiment in markets that...

Swiss Franc The Euro has risen by 0.15% to 1.0866 EUR/CHF and USD/CHF, September 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A compelling narrative for yesterday’s disparate price action is lacking. A flight to safety, which is a leading interpretation, does not explain the weakness in the yen, gold, or US Treasuries. Month- and quarter-end portfolio and hedge adjustments may be at work, but the risk is...

USD/CHF pulls back from a multi-day high, stays above 200-bar SMA. Trend-positive RSI increases the odds of upside. Despite bouncing off 200-bar simple moving average (SMA), USD/CHF fails to cross near-term key resistances as it trades around 0.9915 while heading into the European session open on Thursday. With this, the quote can witness pullback to 38.2% Fibonacci retracement of August-September upside, at 0.9880, ahead of highlighting the key 200-bar SMA level of...

Swiss Franc The Euro has fallen by 0.13% to 1.0842 EUR/CHF and USD/CHF, September 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities and fixed income reacted to the large moves yesterday in the US when the 10-year note yield fell eight basis points, and the S&P 500 fell by 0.85%. Investors have focused on three separate developments and two of which came from President Trump’s speech at the...

Deutsche bank analysts suggest that at current spot levels, risk-reward favours longs in EUR/CHF. Key Quotes “While Brexit and trade war outcomes look like coin tosses, the impact is likely to be asymmetric as the SNB caps the left tail. While a relief rally would be fully accommodated, they would likely intervene heavily and cut the policy rate in the event of no deal.” “Last week’s change to the tiering system prepared the ground for emergency rate cuts by...

Swiss Franc The Euro has fallen by 0.03% to 1.0874 EUR/CHF and USD/CHF, September 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A fragile calm hangs over the capital markets today. Equities in Asia Pacific were narrowly mixed. Japan, China, and HK advanced. India saw some profit-taking after a two-day surge in response to the unexpected corporate tax cuts but recovered in late dealings. European shares are...

We have argued that the road to an orderly Brexit remains arduous and that sterling had entered an important technical area ($1.2500-$1.2530). At the same time, see the dollar as having approached the upper end of its broad trading range against the yen. One of the important drivers lifting the dollar was the dramatic rise in US yields. We thought that move is counter trend and that yields are headed lower again. These views could be expressed in a short-sterling...

Swiss Franc The Euro has fallen by 0.24% to 1.089 EUR/CHF and USD/CHF, September 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The critics who claim the ECB’s policy response was disproportionate got a rude shock today with the unexpected weakness revealed by the flash PMI. The euro looks to re-visit the lows set recently near $1.0925. Sentiment has also been eroded by the poor South Korean export figures....

USD/CHF remains modestly changed above 13-day-old rising trend-line, 21-day EMA. An ascending trend-line from August 13 adds to the support. August month top, 61.8% Fibonacci retracement level challenge buyers. The USD/CHF pair’s failure to provide a decisive break above August high seems to not disappoint buyers, even for short-term, unless the quote trades below key support-confluence. Prices seesaw around 0.9910 while heading into the European open on Monday. The...

EUR/CHF risk reversals have jumped to the levels last seen in May.  Risk reversals indicate the demand for call options is rising. Risk reversals on EUR/CHF (EURCHF1MRR), a gauge of calls to put, jumped to the highest level since May on Friday, indicating the investors are adding bets to position for a rally in the common currency. The one-month risk reversals rose to -0.75, the highest level since May 10. The negative print indicates the implied volatility premium...