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Tag Archives: U.S. Crude Oil Inventories

FX Daily, November 29: Sterling Charges Ahead on Brexit Hopes

Swiss Franc The Euro has risen by 0.12% to 1.1665 CHF. EUR/CHF and USD/CHF, November 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Prospects of a deal with the EU has sent sterling to its best level in two months against the dollar. It reached $1.3430 in early European turnover. It had sunk to nearly $1.3220 yesterday as European markets were closing, which was a...

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FX Daily, November 01: Super 48 Hours

(early post ahead of start of a new business trip to Europe. Posts will continue albeit irregularly) Swiss Franc The euro has appreciated by 0.19% to 1.1637 CHF. EUR/CHF and USD/CHF, November 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates This is it: The next 48 hours will be among the busiest of the year. The Bank of England meets tomorrow, and it not only gives a...

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FX Daily, October 25: Sterling and Aussie Interrupt the Waiting Game

Swiss Franc The Euro has risen by 0.32% to 1.1689 CHF. EUR/CHF and USD/CHF, October 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Most participants seemed comfortable marking time ahead of tomorrow’s ECB meeting, and an announcement President Trump’s nominations to the Federal Reserve. However, softer than expected Australian Q3 CPI and a stronger than expected UK Q3...

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FX Daily, October 12: Discipline Argues Against Consensus Narrative

Swiss Franc The Euro has risen by 0.09% to 1.155 CHF. EUR/CHF and USD/CHF, October 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Following the release of the FOMC minutes from last month’s meeting, the consensus narrative that has emerged says that it was dovish because there is a growing worry the reason inflation fell is not simply due to transitory factors. This...

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FX Daily, September 27: Dollar Builds on Gains

Swiss Franc The Euro has risen by 0.17% to 1.1441 CHF. EUR/CHF and USD/CHF, September 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Federal Reserve may not be on a coordinated campaign to convince the markets of a pending rate hike as it did so effectively in late February and early March. But investors are getting the message. The Bloomberg calculation of the odds...

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FX Daily, September 20: Shrinkage and Beyond

Swiss Franc The Euro has fallen by 0.01% to 1.1541 CHF. EUR/CHF and USD/CHF, September 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After much anticipation, the FOMC decision day is here. Much of the focus is on the likely decision that the Fed will allow its balance sheet to shrink gradually. No other country who employed quantitative easing has is in a position to...

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FX Daily, September 13: Sterling Shines While Euro Stalls in Front of $1.20

(The next leg of the business trip takes me to Frankfurt. Sporadic updates will continue) Swiss Franc The Euro has fallen by 0.14% to 1.147 CHF. EUR/CHF and USD/CHF, September 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates We have been identifying the $1.3430 area is a reasonable technical target for sterling. It represents the 50% retracement of sterling’s losses...

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FX Daily, September 07: ECB Focus for Sure, but not Only Game in Town

Swiss Franc The Euro has risen by 0.35% to 1.1433 CHF.   FX Rates The US dollar is trading broadly lower. The ECB meeting looms large. Many, like ourselves, expected that when Draghi said in July that the asset purchases would be revisited in the fall, it to meant after the summer recess, not a legalistic definition of when fall begins. Still, there have been some reports, citing unnamed sources close to the ECB, that...

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FX Daily, August 16: Swiss Franc and Yen Remain Heavy as New Distractions Replace DPRK

Swiss Franc The Euro has fallen by 0.11% to 1.1398 CHF. EUR/CHF and USD/CHF, August 16(see more posts on EUR/CHF, USD/CHF, ). FX Rates The Japanese yen and Swiss franc remain heavy as the markets continueto shift away from the geopolitical risks. A return to the macroeconomic agenda is being deterred by new drama from Washington and reports suggesting that ECB’s Draghi will not be discussing the central bank’s...

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FX Daily, August 16: Swiss Franc and Yen Improve after Dovish Draghi Comments

Swiss Franc The Euro has fallen by 0.11% to 1.1398 CHF. EUR/CHF and USD/CHF, August 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Japanese yen and Swiss franc remain heavy as the markets continueto shift away from the geopolitical risks. A return to the macroeconomic agenda is being deterred by new drama from Washington and reports suggesting that ECB’s Draghi...

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