Tag Archives: SPY

Summary: The euro has fallen for 11 consecutive sessions against the yen. Interest rates, US and German in particular, seem to be the main driver. Technicals are stretched, but have not signaled a reversal yet. Looking for a trend in the foreign exchange market? The euro is weaker against the yen for the 11th consecutive session today, which is the longest streak in the euro’s natural life. Since March 17, the...

Summary: FOMC minutes increased likelihood that Fed will begin reducing its balance sheet late this year. There does not seem to be a consensus on other issues. The strength of the ADP report contrasts with softness seen in the ISM and PMI non-manufacturing surveys. The FOMC minutes were clear that officials are contemplating beginning address the balance sheet, which is another sign of confidence in the...

Swiss Franc EUR/CHF - Euro Swiss Franc, March 28(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF The Swiss Franc continues to hold the higher ground as global uncertainty continues to dominate the markets. UBS Consumption Indicator is released tomorrow morning which should give some further clues to as the health of the Swiss economy. The numbers are important as the consumption is the most important...

Swiss Franc Switzerland Trade Balance, February 2017(see more posts on Switzerland Trade Balance, ) Source: Investing.com - Click to enlarge GBP/CHF The Swiss Franc continues to remain incredibly strong as it maintains its status as a safe haven currency in these uncertain economic times globally. The Swiss National Bank quarterly bulletin is released tomorrow afternoon at 14pm which is produced by the...

Swiss Franc EUR/CHF - Euro Swiss Franc March 03(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge GBP/CHF Prime Minister Theresa May is still committed to triggering Article 50 before the end of the month in spite of what happened this week with the House of Lords’ decision to challenge the Brexit bill. The House of Lords are primarily concerned with keeping the rights of EU citizens living...

Swiss Franc Switzerland Trade Balance, Jan 2017(see more posts on Switzerland Trade Balance, ) Source: Investing.com - Click to enlarge GBP/CHF The pound to Swiss Franc rate has been in the main driven by sterling weakness which is weighing on the performance of the pound which has been in the main negative but we have lately seen the pound higher. This is mainly due to some clarity over the Brexit and just what...

Swiss Franc EUR/CHF - Euro Swiss Franc, February 17(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is finishing the week on a steady to firmer note against the major currencies but the Japanese yen. The softer yields and weaker equity markets often are associated with a stronger yen. For the week as a whole, the dollar is mostly lower, though net-net it has held its own against sterling,...

President Trump hinted at the end of last week that the Administration’s tax proposals would be aired in the next two or three weeks. This seems to be a signal of its inclusion in his address to both houses of Congress on February 28. This is not quite a State of the Union speech, but similar and precisely what Obama did in February 2009. Taxes are complicated. Much of the discussion so far has been on the border...

Swiss Franc EUR/CHF - Euro Swiss Franc, February 14(see more posts on EUR/CHF, ) - Click to enlarge The pound has seen a good start to the week making gains against all of the major currencies including the Swiss Franc. One of the reasons why the pound is supported appears to be the shift of attention from Brexit to other global changes to include the new Trump administration and the upcoming European...

For the last several weeks, we have been looking for the dollar correction that began around the Fed’s rate hike in the middle of December to be completed and for the uptrend to resume. The precise timing of the turn is difficult to get right, but our view is anchored by our macroeconomic assessment and is understanding of the key drivers. Our technical work suggests the dollar indeed has been carving out a bottom, and...