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Tag Archives: Eurozone Consumer Confidence

FX Daily, April 27: Several Developments ahead of the ECB meeting

Swiss Franc EUR/CHF - Euro Swiss Franc, April 27(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The ECB meeting and the press conference that follows it is the main event.  However, it has had to compete with the Bank of Japan and Riksbank meetings, as well as the further reflection of the tax reform proposals by the Trump Administration yesterday.  Also, after a misdirection over pulling out of...

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FX Daily, April 20: Dollar and Yen Push Lower

Swiss Franc EUR/CHF - Euro Swiss Franc, April 20(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge FX Rates With the exception of the yen, the US dollar is lower against all the major currencies. US Treasury yields are firm, extending yesterday’s rise a little. This may help keep the dollar straddling JPY109, but unwinding long yen cross positions is helping underpin the other major...

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FX Daily, March 30: Euro breaks down against CHF and USD

EUR/CHF The SNB is intervening for 3 bn. CHF per week, this is far too much at these elevated Euro and Dollar levels. With two times positive economic data (here and here) about good news on internal demand, she might be finally be ready to let the euro fall. EUR/CHF - Euro Swiss Franc, March 30(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF The Pound to Swiss Franc exchange rate has opened up flat...

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FX Daily, March 23: Some Thoughts about the Recent Price Action

Swiss Franc EUR/CHF - Euro Swiss Franc, March 23(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The gains the US dollar scored last month have been largely unwound against the major currencies. The dollar’s losses against the yen are a bit greater, and it returned to levels not seen late last November. The down draft in the dollar appears part of a larger development in the capital markets that has...

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FX Daily, January 30: EUR/CHF falls further to 1.650

  Swiss Franc The EUR/CHF collapsed once again to 1.0650. This rate broke the 1.0680 – 1.0700 that constituted the previous intervention area. Reasons can be found in the weak U.S. GDP weak, in Trump’s foreign trade policy and in the strong Swiss trade balance. Who has understand the principles of the balance of payments, knows that private investors and the SNB must export the equivalent of the current account...

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FX Daily, January 23: Dollar’s Pre-Weekend Retreat Extended in Asia Before Stabilizing in Europe

Swiss Franc EUR/CHF - Euro Swiss Franc, January 23(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar had a poor close in the North American session before the weekend as investors appear increasing anxious about the new US Administration’s economic policies and priorities.With no fresh details emerging over the weekend, some stale dollar longs exited.  The dollar stabilized in the European...

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FX Daily, November 29: Dollar Comes Back Mostly Firmer, but Focus is Elsewhere

Swiss Franc EUR/CHF - Euro Swiss Franc, November 29(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar correctly lowered yesterday, but most of the selling was over by the end of the Asian session, and the greenback steadied in Europe and North America.  The dollar is firm against the euro and yen but within yesterday’s broad trading ranges.  The Australian and Canadian dollar’s gains from...

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FX Daily, October 28: Dollar Sidelined, Krona Stabilizes, Rates Firm

Comment on GBP and CHF by Dayle Littlejohn My articles My siteAbout meMy booksFollow on: Swiss Franc EUR/CHF - Euro Swiss Franc, October 28(see more posts on EUR/CHF, ). - Click to enlarge Since the UK public decided to vote out of the European Union GBP/CHF exchange rates have dropped 22 cents. To put this into monetary value a 200,000 Swiss Franc purchase now costs an extra £26,000 and I believe...

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FX Daily, October 21: Greenback Ending Week on Firm Note

Swiss Franc The EUR/CHF ended the evening at 1.0810. The question is if the SNB was intervening or not. We are convinced that the “new floor” is the area between 1.08 and 1.0850. Hence there should be stronger interventions going on. EUR/CHF - Euro Swiss Franc, October 21 2016(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar is firm especially against the European complex and emerging...

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