Tag Archives: 4) FX Trends

EUR/JPY rallies hard following hawkish ECB cut and trade war optimism.  EUR/JPY tracking positive sentiment in financial and commodity markets.  While the trade war tensions seem to be easing, with stocks climbing and risk appetite returning in droves to financial and commodity markets, EUR/JPY is up 0.79% on the US session so far following what has been perceived as a hawkish rate cut from the European Central Bank earlier today. EUR/JPY is currently trading at...

A few hours after the ECB announced a new package of monetary accommodation, I joined a discussion on CNBC Asia with Nancy Hungerford and Sir Jegarajah. Here is a clip of part of our discussion.  I make two points. The first is about the euro’s price action. What impressed me about it was that the euro posted an outside up day, trading on both sides of the previous day’s range and closing above its high. When Sri and I were talking early in the Asian morning, there...

USD/CHF fails to sustain the bounce off key support-confluence including 200-HMA and 38.2% Fibonacci retracement. A downside break highlights the 61.8% Fibonacci retracement level while 200-DMA caps the upside. Failures to sustain the bounce off 200-hour moving average (HMA) and 38.2% Fibonacci retracement of latest run-up drag the USD/CHF back to the key support-confluence while taking rounds to 0.9900 ahead of Friday’s European open. Should prices slip below 0.9890...

Swiss Franc The Euro has fallen by 0.19% to 1.0932 EUR/CHF and USD/CHF, September 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The markets are digesting ECB’s actions and an easing in US-Chinese rhetoric. Next week features the FOMC meeting and three other major central banks (Japan, Switzerland, and Norway). The US equity rally that saw the S&P 500 edge closer to the record high set in late July...

Swiss Franc The Euro has fallen by 0.13% to 1.0914 EUR/CHF and USD/CHF, September 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Some gestures in the US-China trade spat have given the market the reason to do what it had been doing, and that is taking on more risk. Equities are higher in Asia Pacific and opened in Europe higher before slipping. The MSCI Asia Pacific and the Dow Jones Stoxx 600 are advancing...

A note from Standard Chartered on the Swiss National Bank and the Swiss franc.  The SNB monetary policy meeting is next week, September 19. In brief, Stan Chart argue the franc is not strong in real terms adjusting EUR/CHF for inflation leaves CHF around 10% weaker than (non-adjusted) current spot no need for SNB to intervene to try to weaken it therefore the SNB is not likely to cut rates at their meeting, nor intervene in forex markets in the near term EUR/CHF...

Swiss Franc The Euro has fallen by 0.31% to 1.092 EUR/CHF and USD/CHF, September 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities are extending their recent gains while bonds remain on the defensive. The dollar is firm. There is a degree of optimism that is prevailing. There are some more overtures in terms of US-Chinese trade. In Hong Kong, developers and banks led an equity rally on ideas...

The cross needs to hold above the 1.0970s and beyond the 25th July swing lows. To the downside, a break back below the prior descending resistance will spell bad news for the bulls. EUR/CHF has been running higher of late, despite the onset of the European Central Bank – a possible buy the rumour sell the fact scenario as the less committed euro shorts are squeezed. Nevertheless, the price action is all the counts from a technical analysis perspective. EUR/CHF has...

Swiss Franc The Euro has fallen by 0.22% to 1.0933 EUR/CHF and USD/CHF, September 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The momentum from the end of last week carried into yesterday’s activity, but the momentum began fading. Today, equities were mixed in Asia Pacific and weaker in Europe. The Dow Jones Stoxx 600 reversed lower yesterday and is slipped further today. The S&P 500 may gap lower at...

USD/CHF clings to 0.9890 after unemployment data. A four-day-old symmetrical triangle limits the pair’s near-term moves. 200-HMA adds to the support while 0.9920 limits the upside. USD/CHF remains largely unchanged after the headline job data as it trades near 0.9890 ahead of Monday’s European session open. August month seasonally adjusted Unemployment Rate for Switzerland matches 2.3% forecast and prior. Hence, the pair is more likely to continue within immediate...