Tag Archives: GBP

Swiss Franc EUR/CHF - Euro Swiss Franc, October 05 2016. Federal Reserve While the markets can be an incredibly efficient discounting mechanism, it sometimes is also an echo chamber. What began off as a Bloomberg report indicated that there was an agreement at the ECB that when it decided to end its asset purchases, it would gradually taper back rather than come to a fast stop, by the end of the day, it had...

Swiss Franc The EUR/CHF has soared again. Later during the day, it has even achieved 1.0970. EUR-CHF - Euro Swiss Franc, October 04 2016. - Click to enlarge Federal Reserve UK Prime Minister May’s comments at the Tory Party Conference over the weekend played up the risk of what has been dubbed a hard Brexit and triggered a slide in sterling saw it fall to new 30-year+ low against the dollar just below $1.2760. A...

Summary: I reiterated my long-standing view that the euro is going to retest its record lows before the Obama Dollar Rally is over. I warn that the UK’s quest to regain sovereignty is an illusion. I announce that my new book will be published in early December or early January. I was on Bloomberg TV earlier today with Tom Keene, the one of a kind anchor, and Booth Business School Professor Luigi Zingales. ...

Swiss Franc The EUR/CHF has soared again. Later during the day, it has even achieved 1.0970. EUR-CHF - Euro Swiss Franc, October 04 2016. - Click to enlarge Federal Reserve UK Prime Minister May’s comments at the Tory Party Conference over the weekend played up the risk of what has been dubbed a hard Brexit and triggered a slide in sterling saw it fall to new 30-year+ low against the dollar just below $1.2760. A...

Swiss Franc After the sudden jump with SNB’s Q3 window dressing, the EUR/CHF is trending lower again. . - Click to enlarge FX Rates Sterling has a bad case of the Monday blues. Even the moon looks distraught. Prime Minister May has confirmed earlier suggestions that she will trigger Article 50 to formally begin its divorce proceedings from the EU at the end of Q1 17. Several officials have already hinted this time...

Swiss Franc During the day the EUR/CHF has fallen to a low of 1.0819. We know that the in-official new floor lies at that level. Moreover, the SNB had to polish the Q3 results. With interventions she lifted the EUR/CHF to 1.0893 and the euro continued rising thanks to speculators that jumped on the train.There was no economic data that could have justified the sudden increase. EUR/CHF, September 30. FX Rates True...

Swiss Franc Click to enlarge. FX Rates The US dollar is enjoying a firmer bias today, but it remains narrowly mixed on the week. It is within well-worn ranges. Of the several themes that investors are focused on, there have not significant fresh developments. In terms of monetary policy, both Draghi and Yellen speak today. The former is behind closed doors with a Germany parliamentary committee. While Draghi’s...

Swiss Franc The Swiss Franc remained nearly unchanged against the euro. It fell to 1.0875 during the day and recovered with the good U.S. new home sales data. Click to enlarge. FX Rates The US dollar is narrowly mixed. The euro, yen and Swiss franc are higher, while the dollar-bloc and sterling are softer. The moving element here is not so much the greenback, which serving more as a fulcrum, but idiosyncratic,...

Swiss Franc EUR/CHF, September 23, 2016Click to enlarge. FX Rates As Nassim Taleb instructed, we should not be fooled by randomness. If you see six red results in a row at a roulette table, do not conclude the game is rigged. If you flip a coin, and it is tails six consecutive times, the contest is not necessarily rigged. Today has the making of the sixth consecutive Friday that the dollar gains against the euro...

Swiss Franc Once again the Swiss Franc was the strongest. The EUR/CHF depreciated to 1.0875. As said yesterday, the reasons: the Fed and the strong Swiss trade balance. Click to enlarge. FX Rates The US dollar has lost another 0.5% against most of the major currencies today, as Asia and Europe respond to the Fed’s decision. There are few exceptions to this generalization. The Norwegian krone has gained nearly...