Swiss Franc EUR/CHF - Euro Swiss Franc, December 22(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF rates have dipped over the past week, as the markets start to slowdown ahead of the Christmas period. Market trends become harder to predict at this time of year, due to the fact there is less capital injected by investors. Less liquidity ultimately equals less stability and the Pound may be suffering due...
Read More »FX Daily, December 22: Mixed Dollar amid Light News as Investors Move to Sidelines
Swiss Franc EUR/CHF - Euro Swiss Franc, December 22(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF rates have dipped over the past week, as the markets start to slowdown ahead of the Christmas period. Market trends become harder to predict at this time of year, due to the fact there is less capital injected by investors. Less liquidity ultimately equals less stability and the Pound may be suffering due...
Read More »FX Daily, December 21: Dollar Mixed in Thinning Activity, Dow 20,000 Watch Continues
Swiss Franc EURCHF - Euro Swiss Franc December 21(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge The pound has tailed off from its recent high against the Swiss Franc over the last couple of weeks with rates for GBP CHF sitting at 1.27 for this pair. The pound seems to have climbed as far as it can against most of the major currencies with the current economic and political factors at...
Read More »You Know what Happened to Nominal Exchange Rates, but What about Effective Exchange Rates?
Summary: Yen is up slightly this year on an effective trade weighted basis. The euro has gained about 1% this year on an effective trade weighted basis. Sterling’s decline has been significant on an effective basis. The yuan’s decline looks to have corrected overshoot and is still holding an 11-year uptrend on the BIS real effective basis. As investors and traders, we are familiar with the developments in the...
Read More »FX Daily, December 20: Yen Surrenders Yesterday’s Gains, while Euro Struggles to Hold above $1.04
Swiss Franc EURCHF - Euro Swiss Franc, December 20(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge FX Rates The yen’s incredible ride this year has been recapitulated in recent days. Consider that before last weekend; the US dollar reached a little above JPY118.40. At its extreme yesterday, the dollar fell to JPY116.55. Today it reached traded near JPY118.25 in the European morning, where...
Read More »FX Daily, December 19: EUR/CHF Dives under 1.07
Swiss Franc Once again a line in sand for the Swiss National Bank is broken. The EUR/CHF falls under 1.07. But trading algorithms are like this: When the EUR/USD is falling, then the EUR/CHF must follow. The SNB decided not to intervene any more at 1.07. Two potential reasons: We doubted that Swiss inflation might overtake European inflation in 2019 or 2020. Interventions at higher levels are risky, given that stock...
Read More »FX Daily, December 15: Greenback Extends Gains on Back of Fed
Swiss Franc EUR/CHF - Euro Swiss Franc, December 15(see more posts on EUR/CHF, ) - Click to enlarge Sterling has made steady gains against the CHF over the past month and although the spike has levelled this week, the Pound has certainly gained a foothold. Yesterday’s decision by the US Federal Reserve to raise their base rate from 0.25% to 0.5% did little to shift the value of GBP/CHF but with investors...
Read More »FX Daily, December 14: Markets Quietly Edge into FOMC Meeting
Swiss Franc EUR/CHF - Euro Swiss Franc, December 14(see more posts on EUR/CHF, ) - Click to enlarge The Pound is entering mid-December in the same fashion it begun the month after having a very strong November as well. After being buoyed by Donald Trump’s victory and the High Courts ruling that parliamentary approval is needed before invoking Article 50, the Pound has been boosted further after economic data...
Read More »FX Daily, December 14: Markets Quietly Edge into FOMC Meeting
Swiss Franc EUR/CHF - Euro Swiss Franc, December 14(see more posts on EUR/CHF, ) - Click to enlarge The Pound is entering mid-December in the same fashion it begun the month after having a very strong November as well. After being buoyed by Donald Trump’s victory and the High Courts ruling that parliamentary approval is needed before invoking Article 50, the Pound has been boosted further after economic data...
Read More »FX Daily, December 13: Narrowly Mixed Dollar Conceals Resilience
Swiss Franc EUR/CHF - Euro Swiss Franc, December 13(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is little changed against most of the major currencies. The dollar finished yesterday’s North American session on a soft note, but follow through selling has been limited. After rallying to near 10-month high above JPY116 yesterday, the greenback finished on session lows near JPY115.00. ...
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