Swiss Franc EUR/CHF - Euro Swiss Franc, January 05(see more posts on EUR/CHF, ) - Click to enlarge The Swiss Franc has limited data releases to note for the upcoming weeks therefore I expect news from the Brexit story and UK economic data to influence exchange rates this month. At present we are awaiting the decision from the Supreme Court in regards to if UK Prime Minister Theresa May needs to seek Government...
Read More »FX Daily, January 04: Consolidation in Capital Markets
Swiss Franc EUR/CHF - Euro Swiss Franc, January 04(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF rates have jumped during the first official day of trading in 2017, with the pair hitting 1.2657 at today’s high. The Pound gained support this morning following positive UK Manufacturing data, which came in well above market expectation. This increased market confidence in the UK economy and the Pound has...
Read More »A Few Takeaways from the Latest IMF Reserve Figures
Summary: Overall reserve holdings hardly changed in Q3. China continues to bleed its reserves from unallocated to allocated. Sterling’s share of new reserves warns it may be losing some allure. The IMF is the most authoritative source for reserve holdings of central banks. It reports the data at the end of each quarter with a quarter lag. At the end of last year, the IMF published the Q3 16 reserve figures. ...
Read More »FX Daily, January 03: Dollar-Bloc and Sterling Advance, while Euro and Yen Slip
Swiss Franc Switzerland SVME PMI, December 2016(see more posts on Switzerland SVME PMI, ) Source: Investing.com - Click to enlarge FX Rates The US dollar is mixed. After a soft start in Asia, where Tokyo markets were closed, the dollar recovered smartly against the euro and yen. The dollar-bloc and sterling are firmer. Sterling’s earlier losses were recouped following news that the manufacturing PMI jumped to...
Read More »FX Daily, December 29: Dollar, Equities and Yields Fall
Swiss Franc EUR/CHF - Euro Swiss Franc, December 29(see more posts on EUR/CHF, ) - Click to enlarge FX Rates In thin holiday markets, a correction to the trends seen in Q4 has materialized. The US dollar is heavy. Japanese and European equities are lower. Bonds are firmer. Some reports try to link the moves to the unexpected weakness in the US pending home sales, but this is a stretch and merely seeks to...
Read More »FX Daily, December 28: Short Note for Holiday Markets
Swiss Franc EUR/CHF - Euro Swiss Franc, December 28(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Equities: Good day in Asia, where the MSCI Asia-Pacific Index rose 0.3% to snap a six-day slide. Of note the Hang Seng re-opening from a long holiday weekend rose (0.8%) from a five-month low. Chinese shares that trade in HK also did well, rising 1.5%. Indonesia, which broke a nine-day slide yesterday,...
Read More »FX Daily, December 23: Markets Edge into Holiday Weekend
Swiss Franc EUR/CHF - Euro Swiss Franc, December 23(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Asian shares trade heavily. The MSCI Asia-Pacific Index ex-Japan fell 0.4%. It is the fourth lower close this week and brings the loss to 1.75% for the week. It is fallen in seven of the past nine weeks. The Dow Jones Stoxx 600 is little changed on the session and is nursing a minor loss on the week and...
Read More »FX Daily, December 22: Mixed Dollar amid Light News as Investors Move to Sidelines
Swiss Franc EUR/CHF - Euro Swiss Franc, December 22(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF rates have dipped over the past week, as the markets start to slowdown ahead of the Christmas period. Market trends become harder to predict at this time of year, due to the fact there is less capital injected by investors. Less liquidity ultimately equals less stability and the Pound may be suffering due...
Read More »FX Daily, December 22: Mixed Dollar amid Light News as Investors Move to Sidelines
Swiss Franc EUR/CHF - Euro Swiss Franc, December 22(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF rates have dipped over the past week, as the markets start to slowdown ahead of the Christmas period. Market trends become harder to predict at this time of year, due to the fact there is less capital injected by investors. Less liquidity ultimately equals less stability and the Pound may be suffering due...
Read More »FX Daily, December 15: Greenback Extends Gains on Back of Fed
Swiss Franc EUR/CHF - Euro Swiss Franc, December 15(see more posts on EUR/CHF, ) - Click to enlarge Sterling has made steady gains against the CHF over the past month and although the spike has levelled this week, the Pound has certainly gained a foothold. Yesterday’s decision by the US Federal Reserve to raise their base rate from 0.25% to 0.5% did little to shift the value of GBP/CHF but with investors...
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