Tag Archives: EUR

The New Year is off to an auspicious start. The Japanese yen, the third most actively traded currency behind the dollar and euro, got caught in a vortex of a retail short squeeze, algos, and who knows what else. The US dollar plunged from around JPY109 to a slightly below JPY105 in a few minutes a little more than an hour after US markets closed yesterday.   Japanese markets were still closed for the holiday, which may...

The IMF offers the most authoritative report on central bank reserves on a quarterly basis with a quarter lag. The report, the Currency Composition of Official Foreign Exchange Reserves (COFER), covering Q318 has been released. It may be have been overlooked during the holidays, but if and when the pundits see it, the leading takeaway is that the dollar’s share of global reserves fell below 62% for the first time five...

The $1.1475-$1.1550 is an important area for the euro. Many bulls see a rounded bottom being carved and a break above it would be embraced as a confirmation. The lower-end corresponds to the 100-day moving average. Such a bottom pattern, if confirmed, would project toward $1.1800 the high in H2 18. On the downside, the low from H2 18 was near $1.1200. This is just above a key (61.8%) retracement of the January...

Overview: The biggest reversal in the S&P 500 since 2010, allowing it to string the biggest two-day rally in three years helped lift Asian and European shares today. All the Asia-Pacific equity markets advanced today but Japan, where the strength of the yen saw the Nikkei and Topix buck the move. European equities. The 1.4% rally in the Dow Jones Stoxx 600 near midday in Europe retraces 2/3 of this...

Swiss Franc The Euro has risen by 0.04% at 1.1308 EUR/CHF and USD/CHF, December 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is little reprieve from the equity meltdown ahead of the weekend.  Major markets in the Asia-Pacific region, including Japan, China, India, and Australia pushed lower. The MSCI index of the region is near 15-month lows. The Dow...

Swiss Franc The Euro has risen by 0.20% at 1.1334 EUR/CHF and USD/CHF, December 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Once again the US equity market failed to hold on to even minimal upticks. The sharply lower close spurred follow-through selling in global equities. Few have been spared the wrath of investors who apparently were disappointed with the...

Swiss Franc The Euro has risen by 0.43% at 1.1325 EUR/CHF and USD/CHF, December 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The failure of the S&P 500 to sustain even modest upside momentum yesterday is keeping traders on edge today, though another attempt on the upside is likely. Asian equities were mixed, with Chinese and Japanese shares lower. The...

Swiss Franc The Euro has risen by 0.12% at 1.1277 EUR/CHF and USD/CHF, December 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The 2% slide in the S&P 500 to new lows for the year yesterday hit Asian and European equities today. Bond yields are lower, and the dollar is softer against most major currencies. The dramatic equity losses and some disappointing...

Swiss Franc The Euro has fallen by 0.20% at 1.1258 EUR/CHF and USD/CHF, December 17(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Activity in the global capital markets is subdued as investors move to the sidelines as the year-end approaches. The Federal Reserve headlines the holiday week that also features a Bank of England a Bank of Japan meeting. Only...

Swiss Franc The Euro has fallen by 0.31% at 1.1258 EUR/CHF and USD/CHF, December 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.bg - Click to enlarge FX Rates Overview:  A string of disappointing economic is spurring risk-off sentiment today.  Global shares prices are being punished and core bonds are being snapped up.  The US dollar is trading higher against most major and emerging market...