(The next leg of the business trip takes me to Frankfurt. Sporadic updates will continue) Swiss Franc The Euro has fallen by 0.14% to 1.147 CHF. EUR/CHF and USD/CHF, September 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates We have been identifying the $1.3430 area is a reasonable technical target for sterling. It represents the 50% retracement of sterling’s losses...
Read More »FX Daily, August 14: Sigh of Relief Weighs on Yen and Gold, while Lifting Equities and the Dollar
Swiss Franc The Euro has risen by 0.64% to 1.1425 CHF. EUR/CHF and USD/CHF, August 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The lack of new antagonisms over the weekend between the US and North Korea has prompted the markets to react accordingly. Already before the weekend, we detected some signs that at least some market participants had begun looking past...
Read More »Industrial Production: Irreführende Statistiken
Germany’s Federal Statistical Office (DeStatis) reported today disappointing figures for Industrial Production. The seasonally-adjusted series fell in June 2017 month-over-month for the first time this year, last declining in December 2016. The index had been on a tear, rising nearly 5% in the first five months of this year. The move was considered by many if not most in the mainstream a prime example of Mario Draghi’s...
Read More »FX Daily, June 14: FOMC and upcoming SNB
Swiss Franc The Euro has risen by 0.37% to 1.0901 CHF. This is a typical movement ahead of the SNB meeting tomorrow. This movement is probably unrelated to the Fed rate hike, given that the USD/JPY has fallen. It makes sense to go long CHF against JPY, if you bet on an inactive SNB. Inactive SNB would mean that the central bank will not speak about stronger FX Interventions or about lower rates. EUR/CHF - Euro Swiss...
Read More »FX Daily, May 12: Markets Becalmed Ahead of US data and Weekend
Swiss Franc EUR/CHF - Euro Swiss Franc, May 12(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF The pound to Swiss Franc rate has broken 1.30 this week as sterling has risen and investors confidence over the outlook for politics in the Eurozone increased. The election of Emmanuel Macron has removed the uncertainty over the increase in Europe of right-wing parties which could have threatened the...
Read More »FX Daily, March 14: Brexit Takes Fresh Toll on Sterling, While Dollar Firms more Broadly
Swiss Franc EUR/CHF - Euro Swiss Franc, March 14(see more posts on EUR/CHF, ) - Click to enlarge FX Rates UK Prime Minister May got the parliamentary approval the courts ruled was necessary to formally trigger Article 50. It is not clear what UK she will lead out the EU. Scotland is beginning the legal proceedings to hold another referendum on independence. There is some talk that Northern Ireland, which...
Read More »FX Daily, November 14: Dollar Steps Up to Start Week
Comment on Swiss Franc by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Swiss Franc EUR/CHF - Euro Swiss Franc, November 14(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar rally that moved into a higher gear in the second half of last week has begun the new week with a bang. It is up against nearly...
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