Tag Archives: 4) FX Trends

Swiss Franc The Euro has risen by 0.07% at 1.143. EUR/CHF and USD/CHF, August 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Corrective forces continue to weigh on the US dollar. Sometimes the narratives drive the price action and sometimes the price action drives the narratives. Currently the latter appears to hold sway. The dollar’s downside correction began around...

Swiss Franc The Euro has risen by 0.03% at 1.1439. EUR/CHF and USD/CHF, August 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Last week’s dollar losses were initially extended in Asia before it came back bid. The euro briefly poked through $1.1650 for the first time in three weeks. However, the gains were sold into, and the euro finished the Asian session near $1.16,...

The force that had pushed the US 10-year Treasury yield to 3% and the dollar above JPY113 at the start of the month, and the euro to $1.13 a couple of weeks ago has dissipated. The 10-year yield is near 2.80%. The dollar was near two-month lows against the yen a week ago, and the euro was back toward the middle of its previous $1.15-$1.18 trading range. Even the Australian dollar, the worst performing of the major...

SPR - Click to enlarge US Department of Energy announced yesterday offered for delivery between October 1 and November 30, 11 mln barrels of sour crude oil from the Strategic Petroleum Reserves. The move has nothing to do with operationalizing President Trump’s complaint that oil prices were too high. Instead, the sales are part of the fiscal compromise in 2015 budget legislation and the health care act of 2016. The...

Angela Merkel - Click to enlarge Merkel has again shown herself to be more wily than most. While pundits, investors, and politicians anticipated she would push hard for a German to replace Draghi as ECB President when his term ends next October. After all, it is German’s turn at the helm, and its interests were ridden roughshod over by the extraordinary and prolonged monetary policy. However, when one steps back and...

Swiss Franc The Euro has risen by 0.33% at 1.1415. EUR/CHF and USD/CHF, August 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is paring some of yesterday’s gains in quiet turnover ahead of Fed Chief Powell’s speech at Jackson Hole, the week’s last highlight. The euro and sterling are trading inside yesterday’s ranges, which the dollar has extended its...

Swiss Franc The Euro has stayed at 1.1398. EUR/CHF and USD/CHF, August 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After correcting lower since the middle of last week, and pushed faster if not further by President Trump’s comments, the US dollar is rebounding against most of the major and emerging market currencies today. After an initial wobble on the back of...

There are three areas that we suspect that many investors are vulnerable to disappointment. NAFTA, trade talks with China, and Powell speech at Jackson Hole on Friday. With problems elsewhere, the Trump Administration has been playing up the likelihood of an agreement as early as today with Mexico, which would be used, apparently to deliver a fait accompli to Canada. It is not clear what a “handshake agreement” really...

News that President Trump’s personal lawyer claimed he was instructed by the candidate to commit a federal crime and, separately, his the former campaign manager was found guilty on eight counts is hardly impacting the global capital markets. Swiss Franc The Euro has fallen by 0.11% to 1.1385. EUR/CHF and USD/CHF, August 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates...

- Click to enlarge The US dollar was sliding as I joined Vonnie Quinn and Shery Ahn on the Bloomberg Markets show.  I tried making the case, as I have in recent posts, that the dollar’s rally in the first half of the month had left it over-extended. Most of the major currencies were outside of their Bollinger Bands a week ago and had begun correcting since August 15. Reports of President Trump’s criticism of the...