Swiss Franc The Euro has fallen by 0.25% at 1.1367 EUR/CHF and USD/CHF, February 13(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Federal Reserve has long been clear on the sequence of events as it innovated the playbook during the Great Financial Crisis. There would be a considerable period between when the Fed would finish its credit easing operations that...
Read More »FX Daily, February 12: Dollar Buying Pressure Subsides
Swiss Franc The Euro has risen by 0.63% at 1.1388 EUR/CHF and USD/CHF, February 12(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Dollar Index’s eight-day advance is in jeopardy. Although the greenback recorded new highs against some major currencies, the momentum appears to be stalling. The news stream is constructive as a compromise seems to have been...
Read More »FX Daily, February 11: Dollar Starts New Week on Firm Note
Swiss Franc The Euro has risen by 0.05% at 1.1331 EUR/CHF and USD/CHF, February 11(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Lifted by the re-opening of Chinese markets after the week-long Lunar New Year holiday, global equities are trading firmer. Outside of Japanese markets that were closed, the large markets in Asia–China, Taiwan, South Korea, and...
Read More »FX Weekly Preview: Little Resolution in the Week Ahead
According to legend, the person who unraveled the Gordian Knot would rule the world. No one succeeded until Alexandar the Great took his mighty sword and sliced the knot in half. A young boy saw him afterward, crying on the steps of the Temple of Apollo. “Why are you crying?” the boy asked, “you just conquered the world. “Yes'” Alexander wept, ” now there is nothing else for me to do.” Investors are not as cursed as...
Read More »Cool Video: Noise or Signal?
From the second half of last week through the first half of this week, the S&P 500 rallied. It surpassed our target of 2700 and made it to almost 2740, retracing more nearly 2/3 of the decline from the record high set last September. It stalled ahead of the 200-day moving average, which had previously offered support declines. The S&P 500 pulled back in the second half of the week. The fact the three-day...
Read More »FX Daily, February 08: Dollar Index Seven-Day Advance is the Longest in Two Years
Swiss Franc The Euro has fallen by 0.22% at 1.1343 EUR/CHF and USD/CHF, February 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: As North American traders return to their posts to put the finishing touches on the week’s activity, the Dollar Index is extending its advance for a seventh consecutive session. If sustained, it will be the longest advance since...
Read More »FX Daily, February 07: Dollar’s Gains Extended
Swiss Franc The Euro has fallen by 0.24% at 1.1359 EUR/CHF and USD/CHF, February 07(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The five-day advance of the S&P 500 stalled yesterday and global equities are mixed today. Most Asian centers remain closed, Japan and some small markets were lower, while Taiwan, Australia, and India moved higher. The...
Read More »FX Daily, February 06: Dollar Gains by Default
Swiss Franc The Euro has fallen by 0.17% at 1.139 EUR/CHF and USD/CHF, February 06(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The rally in equities is threatening to pause today, even though the few markets open in Asia edged higher. Europe’s Dow Jones Stoxx 600, which has advanced in eight of the past ten sessions and six in a row, is seeing some...
Read More »FX Daily, February 05: Greenback Remains Firm
Swiss Franc The Euro has fallen by 0.04% at 1.1407 EUR/CHF and USD/CHF, February 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is little firmer against most of the major currencies. Despite some disappointing data (retail sales, trade, PMI), the Australian dollar has recovered from initial losses below $0.7200 on the back of the central bank’s...
Read More »FX Daily, February 04: Subdued Start to Quiet Week
Swiss Franc The Euro has risen by 0.07% at 1.1411 EUR/CHF and USD/CHF, February 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Lunar New Year celebration made for a quiet Asian session while a light diary in Europe saw subdued turnover. Equity markets are narrowly mixed. Among the three large markets open in Asia Pacific, Australia and Japanese equities...
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