Tag Archives: $TRY

Key considerations and price for selected currencies distilled into four bullet points.US Dollar   The dollar’s recovery ahead of the weekend was aided by the stabilization of the stock market, where the S&P 500 managed to close back above the psychologically important 200-day moving average. Interpolating from prices, the market does not expect the President’s criticism to alter the Fed’s course. US data highlights...

Swiss Franc The Euro has risen by 0.24% at 1.1429 EUR/CHF and USD/CHF, October 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is one story today, and that is the sell-off in global equities. Although the narratives put the US at the center, the fact of the matter is that US equities have been among the best performers this year, despite the rise of...

Swiss Franc The Euro has fallen by 0.32% at 1.135 EUR/CHF and USD/CHF, October 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is rising against most of the major and emerging market currencies. The Swiss franc and the Japanese yen are the exceptions and are holding their own. Global equities are mixed. Asia, excluding Japan, was mostly lower,...

Swiss Franc The Euro has risen by 0.16% at 1.1415 EUR/CHF and USD/CHF, October 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Canadian dollar and Mexican peso are extending its pre-weekend gains on news that a new NAFTA deal (US-Mexico-Canada Agreement USMCA) has been struck. Against most of the other major and emerging market currencies, the US dollar...

Swiss Franc The Euro has risen by 0.46% at 1.1303 EUR/CHF and USD/CHF, September 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dollar initially extended its gains against the yen, reaching JPY112.45 before some profit-taking was seen. There is a $1.7 bln option at JPY112 that expires today. It looks safe today after yesterday’s big outside up session-where the...

The US dollar is beginning the new week on a soft note, as China threatens not to accept the invitation for trade talks in Washington if the US imposes new tariffs on $200 bln of its goods, which the Wall Street Journal reports could come as early as today. Meanwhile, the MSCI Emerging Markets Index is giving back half of the 2.5% rally seen in the second half of last week. The Turkish lira is leading the emerging...

Swiss Franc The Euro has fallen by 0.04% at 1.1277 EUR/CHF and USD/CHF, September 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dollar traded above JPY112 in early Asia, for the first time since early August but it could not take out the high recorded then (~JPY112.10) and has come off a bit in Europe. There is a $493 mln option struck at JPY112 that will expire...

Swiss Franc The Euro has risen by 0.27% at 1.1312 EUR/CHF and USD/CHF, September 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The euro has fallen on ECB meeting days this year and the last two meetings in 2017. The euro is trading in the upper end of the $1.1525-$1.1650 trading range. The intraday technicals suggest that the $1.1600 area may hold until at least the...

Swiss Franc The Euro has risen by 0.47% at 1.1361. EUR/CHF and USD/CHF, August 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has steadied after pulling back in recent days, but the downside correction does not appear complete, and month-end flows are still a risk to picking a dollar-bottom. The Australian dollar is the weakest of the majors. The main...

Swiss Franc The Euro has risen by 0.07% at 1.143. EUR/CHF and USD/CHF, August 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Corrective forces continue to weigh on the US dollar. Sometimes the narratives drive the price action and sometimes the price action drives the narratives. Currently the latter appears to hold sway. The dollar’s downside correction began around...