Tag Archives: CAD

Swiss Franc EUR/CHF - Euro Swiss Franc, October 20 2016(see more posts on EUR/CHF, ). - Click to enlarge GBP/CHF rates have fallen dramatically over the past month, as Sterling continues to find itself under pressure against the major currencies. However, despite these losses it is not all doom and gloom for those clients holding GBP, as Tuesday’s positive spike for the Pound proved. Currency does not move in a...

Swiss Franc The Swiss Franc has strengthened against the pound as global uncertainty persists in the form of the UK’s Brexit vote and the US Presidential Election. Looking ahead it seems the CHF may soften a little as we learn of the new President, I found it very interesting that yesterday Paddy Power paid out on any bets for Hilary Clinton to become President in the United States. This is a great indication of the...

  Swiss Franc and Sterling (Tom Holian) According to Bank of England deputy governor Ben Broadbent the drop in the value of Sterling has helped to stop the UK economy from falling further since the shock of the Brexit vote. He went on to say ‘in the shape of the referendum, we’ve had exactly one of those shocks’ and added that the Bank of England would not interfere with monetary policy to boost the Pound’s value....

Summary: Oil has rallied 20% since mid-September. Market may be getting ahead of itself. US rig count has risen by more than 100 in less than 4-months and inventories, seasonally adjusted are at record highs. The price of oil has risen more than 20% over the past month. It is being driven by ideas that OPEC (and Russia) may implement a freeze or an output cut at the end of next month.  At the same time, US...

Summary: Bank of Canada meets Wed. Look for a dovish hold. Foreigners continue to buy Canadian bonds and stocks. The EU-Canadian free-trade deal is facing challenges, with the most pressing one coming from Belgium. The Bank of Canada meets Wednesday. Last month officials acknowledged that growth could be somewhat lower than previously anticipated. Those fears have likely materialized, and the central bank...

United States Of the forces driving prices in the week ahead, events appear more important than economic reports. There are four such events that investors must navigate. The Bank of Canada and the European Central Bank meet.  The UK High Court will deliver its ruling on the role of Parliament in Brexit.  The rating agency DBRS updates its credit rating for Portugal. The Bank of Canada is not going to change interest...

Swiss Franc EUR/CHF Overview, October 12 2016(see more posts on EUR/CHF, ) - Click to enlarge FX Rates News that UK Prime Minister May has accepted that Parliament should vote on her plan for exiting the EU stopped sterling’s headlong slide. Sterling had been pounded for roughly 8.5 cents since the start of the month including the last four sessions. The idea that parliament, where the Conservatives enjoy a...

Swiss Franc EUR CHF - Euro Swiss Franc, October 11 2016(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar is bid against all the major and most emerging market curerncies.  An important driver is the backing up of US rates.  The two-year yield, which is particularly sensitive to Fed policy is at it highest levbel since early June (~86 bp).  The US 10-year yield is five basis points hihger...

Swiss Franc EUR/CHF - Euro Swiss Franc, October 10 2016(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar has started the new week on a firm note. The light news stream and holidays in Japan, Canada and the United States make for a subdued session. Notable exceptions to the dollar’s gains are the Canadian dollar and Mexican peso. Both currencies appear to have been. underpinned by US...

United States The US grew 156k jobs in August, missing the median estimate by about 16k. U.S. Nonfarm Payrolls, September 7(see more posts on U.S. Nonfarm Payrolls, ). Unemployment Rate The July series was revised up by 16k. The unemployment and participate rate ticked up 0.1% to 5.0%… U.S. Unemployment Rate, September 2016(see more posts on U.S. unemployment rate, ). Source: Investing.com - Click to enlarge...