Tag Archives: 4) FX Trends

Swiss Franc The Euro rise by 0.38% to 1.1479 CHF. This is the fifth day in sequence that the Swiss Franc appreciated. EUR/CHF and USD/CHF, May 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After what could be described as a 15-sigma event yesterday in the Italian bond market, a reprieve today has seen the euro recover a cent from yesterday’s lows. While the...

The end of the Greek assistance program that allowed them to keep their primarily official creditors whole, and the broad expansion in the eurozone, was supposed to usher in a new period of convergence. Monetary union was once again feted as a success, and some observers were forecasting a substantial increase in the euro as a reserve asset.   Instead, the economy lost momentum, core inflation returned to its trough,...

Swiss Franc The Euro is down by 0.63% to 1.1545 CHF. This is the fifth day in sequence that the Swiss Franc appreciated. EUR/CHF and USD/CHF, May 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Italian stocks are flat, while most European bourses are higher, with the Dow Jones Stoxx 600 up 0.5% in late morning turnover in Europe. The benchmark is lead by real estate,...

Swiss Franc The Euro is down by 0.34% to 1.1601 CHF. This is the fifth day in sequence that the Swiss Franc appreciated. EUR/CHF and USD/CHF, May 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is pulling back after recording new highs for the year against the euro and sterling. The greenback is lower against nearly all the major currencies, but the...

Swiss Franc The Euro is down by 0.34% to 1.1601 CHF. This is the fifth day in sequence that the Swiss Franc appreciated. EUR/CHF and USD/CHF, May 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is pulling back after recording new highs for the year against the euro and sterling. The greenback is lower against nearly all the major currencies, but the...

Swiss Franc The Euro is down by 0.53% to 1.1628 CHF. This is the fifth day in sequence that the Swiss Franc appreciated. Italy political drama is has spurred a significant rally in the Swiss franc. Over the past five days, it has been the strongest of the majors, rising 1.1% against the dollar and 1.8% against the euro. Today, it is the only major currency beside the yen that is gaining ground. Italian assets were...

Summary: The euro fell every day last week against the Swiss franc. Italian political anxiety is the key development. Speculators in the futures market got caught leaning the wrong way. The Swiss National Bank’s decision in January 2015 to remove the cap on the Swiss franc (floor on the euro) that it has set at CHF1.20 is seared into the memory of a generation of foreign exchange participants. It is not...

USD/CHF The USDCHF pair reaches the key support 0.9955 now, and as we mentioned in our last report, breaking this level will confirm completing the double top pattern that appears on the chart, to rally towards our negative targets that begin at 0.9900 and extend to 0.9850. Therefore, we will continue to suggest the bearish trend supported by the negative pressure formed by the EMA50, unless the price managed to rally...

There are several trends in the capital markets at a high-level. The euro and yen’s decline has coincided with sustained rallies in European and Japanese equity benchmarks.  Emerging market equities and currencies have been trending lower. There are two other trends that arguably are reinforcing if not causing the other trends. Both oil prices and U0S interest rates have been trending higher. It is unusual but not...

Swiss Franc The Euro is down by 0.54% to 1.1743 CHF. This is the fifth day in sequence that the Swiss Franc appreciated. Reasons are: Weaker than expected euro zone GDP growth in Q1, in particular in Germany. However this “soft-patch” should have been clear to everybody. So it cannot be the main reason. Still the weak German GDP was the trigger for EUR weakness. A dovish European Central Bank. Already at the press...