Tag Archives: EUR

Swiss Franc The euro has depreciated by 1.16%  to 1.1316CHF. EUR/CHF and USD/CHF, August 09(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is decidedly mixed. The Swiss franc, not the yen is the strongest of the major currencies. It is up nearly 1.1%. If sustained, it could be the biggest single day dollar loss against the franc this year, edging out more than...

Swiss Franc The euro has depreciated by 0.17 to 1.1451 CHF. EUR/CHF and USD/CHF, August 08(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has a slightly lower bias today, but the against most of the major currencies, it is consolidating within the range set at the end of last week. The main exceptions are sterling and the Canadian dollar. They had extended...

Swiss Franc The Euro has risen by 0.17% to 1.1469 CHF. EUR/CHF and USD/CHF, August 07(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is narrowly mixed to start the new week. Two main developments stand out. First, the dollar-bloc currencies are trading heavily. The Australian dollar is pushing lower for the fifth consecutive session. The greenback is advancing...

Summary: The technical and fundamental case for the euro has weakened. Rate differentials have begun moving back in the US favor. France’s Macron and Japan’s Abe have sunk in the polls lower than Trump. The release of the US employment data before the weekend ushers in a three-week period before the Jackson Hole confab at the end of the month that will start the new phase. In September, the FOMC is likely to...

Sterling reached a new 11-month high against the dollar earlier today, but the dovish take away from the Bank of England has seen sterling reverse lower. It has now fallen below the previous day’s low, and a close below there (~$1.3190) would confirm the bearish key reversal pattern. Support near the week’s low just below $1.3100 is holding, and if that goes, the $1.30 level can be tested. A break of $1.2930, the low...

Swiss Franc The Euro has fallen by 0.15% to 1.1475 CHF. EUR/CHF and USD/CHF, August 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates There are some chunky option strikes that could come into play today. There are 920 mln euros struck at $1.1850 that expire today. There are A$523 mln struck at $0.7950 expiring today. There are $680 mln struck at CAD1.2550 that will be...

Swiss Franc The Euro has fallen by 0.10% to 1.1496 CHF. EUR/CHF and USD/CHF, August 03(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The high-flying dollar-bloc currencies may be a preliminary sign market change. The US dollar is gaining on the Canadian dollar for the fourth consecutive session.  It is probing resistance we identified in the $1.2620 area.  The US...

I had the privilege to be at Bloomberg today and discussed with Vonnie Quin and Mark Barton. A clip to the Cool Video can be found here. There were three talking points. First was the observation that while the President took credit for the record stock market, the strength of the economy, the low unemployment rate, and business confidence, there was no mention of the dollar, which poised to close lower for its seventh...

Swiss Franc The Euro has risen by 0.68% to 1.472CHF. EUR/CHF and USD/CHF, August 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Trends The euro’s strength is surely partly a reflection of US dollar weakness, but it is also a reflection of the improved sentiment among investors. The initial dollar losses at the start of the year was largely a correction that is common after...

Swiss Franc The Euro has fallen by 0.41% to 1.14 CHF. EUR/CHF and USD/CHF, August 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After taking a step lower in the North American session yesterday, the dollar is consolidating today. The euro is holding above $1.18, and the dollar held JPY110.00. Global equities are mostly higher, while bonds are mixed. Asia-Pacific...