Tag Archives: EUR

Swiss Franc The Euro has risen by 0.08% to 1.1702 CHF. EUR/CHF and USD/CHF, November 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is narrowly mixed and is largely consolidating last week’s losses as the market waits for this week’s numerous events that may impact the investment climate. These include the likelihood of the US Senate vote on tax reform,...

Summary The euro is breaking out to the upside. The measuring objective is near $1.2150, which is near the 50% retracement of the euro’s drop from the mid-2014 high. Key caveat: It is about the upper Bollinger Band and rate differentials make it the most expensive to hold since the late 1990s. The head and shoulders pattern in technical analysis is most commonly seen as a reversal pattern. As this Great...

Swiss Franc The Euro has risen by 0.38% to 1.1674 CHF. EUR/CHF and USD/CHF, November 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The euro is edging higher to trade at its best levels since the middle of last month. It is drawing closer to the $1.1880 area, which if overcome, could point to return to the year’s high seen in early September near $1.2100. There is a...

Summary: Coalition talks will resume in the coming days, and failing this a minority government is more likely than new elections. The is a general agreement among the political elites, and a hubris of small differences. The rate differentials and cross currency swaps show the incentive structure for holding dollars is increasing. Talks to forge a new coalition government in Germany passed the self-imposed...

Swiss Franc The Euro has fallen by 0.17% to 1.1635 CHF. EUR/CHF and USD/CHF, November 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates There are a couple of exceptions to the inside trading days. First, the dovish twist to the minutes from the Reserve Bank of Australia’s recent meeting saw the Australian dollar make a marginal new five-month low of almost $0.7530 before...

Swiss Franc The Euro has fallen by 0.03% to 1.1649 CHF. EUR/CHF and USD/CHF, November 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge CHF/GBP The Swiss Franc has seen some weakness of late as risk appetite is changing which is creating less demand for the Swiss Franc. Investors for the moment are looking at the US for better returns after a run of positive economic data from the...

The contours of the investment climate are unlikely to change based on next week’s economic data from the US, Japan, or Europe. The state of the major economies continues to be well understood by investors. Growth in the US, EU, and Japan remains solid, and if anything above trend, as the year winds down. The incremental data will likely show that the eurozone economic momentum is intact with the November flash PMI....

Summary: Euro is testing trendline and retracement objective and 100-day moving average. Technical indicators on daily bar charts warn of upside risk. Two-year rate differentials make it expensive to be long euros vs. US. Beware of small samples that may exaggerate seasonality. This Great Graphic, created on Bloomberg, shows that the euro is approaching key area.  The white trendline drawn off the September 8,...

Swiss Franc The Euro has fallen by 0.09% to 1.1686 CHF. EUR/CHF and USD/CHF, November 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is trading with a heavier bias against the euro, sterling, and yen, but is firmer against the Antipodean currencies and many of the actively traded emerging market currencies. This mixed performance is the story of the...

Swiss Franc The Euro has risen by 0.25% to 1.1679 CHF. EUR/CHF and USD/CHF, November 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After rising to its best level since October 20, the euro reversed direction yesterday and has extended its pullback today. The unexpected tick up in US core CPI and better than expected retail sales may have helped spur the euro losses...