Tag Archives: GBP/USD

USD/CHF EUR/CHF EUR/CHF and USD/CHF, October 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge USD/JPY [embedded content] USD/JPY with Technical Indicators, October 2 - Click to enlarge EUR/USD [embedded content] EUR/USD with Technical Indicators, October 2 - Click to enlarge GBP/USD [embedded content] GBP/USD with Technical Indicators, October 2 - Click to...

USD/CHF EUR/CHF EUR/CHF and USD/CHF, September 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge EUR/USD [embedded content] USD/JPY [embedded content] GBP/USD [embedded content] NZD/USD [embedded content] Related posts: FX Weekly Review, August 28 – September 02: The end of big euro rise? FX Weekly Review, June 26 – July 01:...

 – Bitcoin price action shows cryptos vulnerable to commentary and government policies– Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles– Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows– BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven– Apple and Google developing a payment API for cryptos – may give governments full...

EUR/CHF The euro rose close to CHF 1.15 with the ECB meeting this week. Finally traders realized that the ECB committed not to hike rates for a very long time. The ECB will review and take a first decision on the bond purchasing program this autumn. However, this program will come to an end only when the inflation target of 2% becomes in reach. Strangely the EUR/CHF reacted with losses only on Friday. Where will Euro...

EUR/CHF Let us remember why the euro has risen from 1.08 to 1.14 between June and August: Hopes that the French president Macron will help the French economy, similarly to the Trump reflation trade. Hopes that the ECB will finish their bond buying program earlier combined with quite good economic data. We are of the opinion that both points may be illusionary. The euro should not rise further. Politicians cannot...

USD/CHF The dollar had some gains versus the franc during the last month, but it lost all during the last days. EUR/CHF The euro is still around 1.14, this is up 2.5% against one month ago. The rising momentum for EUR/CHF, however, seems to be fading. EUR/CHF and USD/CHF, August 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge Swiss Franc Currency Index (3...

Overview The euro has lost some momentum versus the franc, the main reason is as usual monetary policy: Draghi does not want to talk about an early end of his bond buying programming at Jackson Hole. This had been confirmed by economic data: only 1.2% core inflation compared to a long-term inflation target of 2%. Consequently the Swissie appreciated during the week. Eurozone Core Consumer Price Index (CPI) YoY, Jul...

Swiss Franc vs USD and EUR The Swiss Franc entered the second week of stronger losses. While the euro gained 4% last week, the dollar appreciated against the Swiss Franc by 2% during this week. The euro could add another percent in the last days. The EUR/CHF reached 1.1521 after the strong US job figures. Finally, however the euro fell to 1.1451 for two reasons: Profit taking at the end of the week and secondly that...

Sterling reached a new 11-month high against the dollar earlier today, but the dovish take away from the Bank of England has seen sterling reverse lower. It has now fallen below the previous day’s low, and a close below there (~$1.3190) would confirm the bearish key reversal pattern. Support near the week’s low just below $1.3100 is holding, and if that goes, the $1.30 level can be tested. A break of $1.2930, the low...

Swiss Franc vs USD and EUR The Swiss franc was the only major foreign currency that fell against the dollar last week. The 2.6% decline was the largest in two years. Stops triggered in the euro-franc cross, reports of direct investment-related franc sales for yen, and conviction that the SNB will lag behind the other central banks is thought to be behind the move. The dollar high in June was near CHF0.9785, and the...