Swiss Franc EUR/CHF - Euro Swiss Franc, March 10(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Sterling vs the Swiss Franc has fallen to its lowest level in two months as the Pound is continuing to be dragged down by what is happening with the uncertainty caused by when Article 50 will be triggered. Article 50 has been debated in the House of Lords and a challenge concerning the rights of Europeans...
Read More »FX Daily, March 09: Pre-ECB Squaring Lifts Euro in a Strong USD Context
Swiss Franc EUR/CHF - Euro Swiss Franc, March 09(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge GBP / CHF The cost of hedging against major currency fluctuations between the Swiss Franc and the Euro hit it’s highest level in 2 months yesterday, as fears over impending French elections have investors worried. The far-right political parties in France are seeing their highest levels of...
Read More »FX Daily, March 08: Dollar Bid as Rates Firm
Swiss Franc Switzerland Consumer Price Index (CPI) YoY, February 2017(see more posts on Switzerland Consumer Price Index, ) Source: Investing.com - Click to enlarge GBP/CHF The pound to Swiss Franc rate has deteriorated further in the last 24 hours as uncertainty over the Brexit and economic data for the UK weigh on the performance of the pound. I would suggest rates are going to continue to struggle for Swiss...
Read More »FX Daily, March 06: The Dollar Gives Back More Before Consolidating
Swiss Franc EUR/CHF - Euro Swiss Franc, March 06(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar’s pre-weekend pullback was extended in early European turnover but appeared to quickly run out of steam. The prospect of a constructive US employment report at the end of the week, especially given the steady decline in weekly initial jobless claims to new cyclical lows, underscores the...
Read More »FX Weekly Preview: Four Sets of Questions and Tentative Answers for the Week Ahead
The week ahead features the ECB meeting and the US February jobs report. The Reserve Bank of Australia meets, Europe reports industrial production, Japan reports January current account figures, and China reports its latest inflation and lending figures. We frame this week’s discussion of the drivers in terms of four sets of questions and offer some tentative answers. United States What is the significance of the...
Read More »FX Daily, March 02: Dollar Remains Bid
Swiss Franc EUR/CHF - Euro Swiss Franc, March 02(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge FX Rates The US dollar is bid against the major currencies as the combination the increased expectation of a Fed rate hike and the President’s commitment to fiscal stimulus buoys sentiment. The dollar-bloc, where speculators in the futures market, have grown a net long position, are leading the...
Read More »FX Daily, March 01: Greenback Bounces, More Fed than Trump
Swiss Franc EUR/CHF - Euro Swiss Franc, March 01(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF The pound to Swiss Franc rate has now slipped below 1.25, a trend I did say I expected to take shape this month. Whilst some commentators do foresee the pound finding some strength once Article 50 is triggered I believe there is a strong likelihood that we will actually be more likely to see the pound...
Read More »FX Daily, March 01: Greenback Bounces, More Fed than Trump
Swiss Franc EUR/CHF - Euro Swiss Franc, March 01(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF The pound to Swiss Franc rate has now slipped below 1.25, a trend I did say I expected to take shape this month. Whilst some commentators do foresee the pound finding some strength once Article 50 is triggered I believe there is a strong likelihood that we will actually be more likely to see the pound...
Read More »FX Daily, February 27: Asia Stumbles, Europe Recovers, Waiting for Trump
Swiss Franc EUR/CHF - Euro Swiss Franc, February 27(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The late recovery in US equities before the weekend did little good for Asian markets. Nearly all the Asian equity markets moved lower, led by the 1.0% decline in Japan’s Topix. It was the third successive loss for the Topix, which is the long losing streak of the year so far. The MSCI Asia Pacific Index...
Read More »FX Weekly Preview: Macroeconomics and Psychology
United States There is a broad consensus around the macroeconomic picture. The headwinds slowing the US economy in H1 16 have eased, and above trend growth in H2 16 appears to be carrying into 2017. Q4 16 GDP is expected to be revised to 2.1% up from 1.8%. Many economists appear to accept that a good part, though not all, of the decline in the estimated trend growth in the US, is a function of demographic...
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