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Tag Archives: U.S. Gross Domestic Product QoQ

FX Daily, May 28: Escalating Tensions, Calm Markets

Swiss Franc The Euro has risen by 0.30% to 1.0686 EUR/CHF and USD/CHF, May 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US Secretary of State’s announcement that the autonomy of Hong Kong could no longer be affirmed did not derail the rally in US equities. However, the threat of an executive order against social media companies may be discouraging follow-through buying, leaving US equities little...

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FX Daily, February 27: The Rot Continues but Somewhat Less Dollar Friendly

Swiss Franc The Euro has risen by 0.20% to 1.0647 EUR/CHF and USD/CHF, February 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A new phase of the Covid-19 is at hand. Yesterday was the first time that the number of new cases in the world surpassed the number of new cases China acknowledged.  This confirms what we have known, namely that the battle for containing it in China has been lost. However, it...

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FX Daily, September 26: Greenback Remains Firm

Swiss Franc The Euro has risen by 0.15% to 1.0866 EUR/CHF and USD/CHF, September 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A compelling narrative for yesterday’s disparate price action is lacking. A flight to safety, which is a leading interpretation, does not explain the weakness in the yen, gold, or US Treasuries. Month- and quarter-end portfolio and hedge adjustments may be at work, but the risk is...

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FX Daily, April 26: Greenback Consolidates Ahead of Q1 GDP

Swiss Franc The Euro has risen by 0.14% at 1.1373 EUR/CHF and USD/CHF, April 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The equities are finishing softly after the rally stalled in the middle of the week. The large markets in Asia fell, led by China, and the MSCI Asia Pacific Index fell for a third session, the longest losing streak in two months.  Europe’s...

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FX Daily, September 28: Greenback Consolidates while Yields Continue to March Higher

Swiss Franc The Euro has risen by 0.34% to 1.1453 CHF. EUR/CHF and USD/CHF, September 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is consolidating inside yesterday’s ranges against the euro and yen while extending its gains against sterling and the dollar-bloc currencies.  The sell-off in the US debt market continues to drag global yields higher.  The...

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FX Daily, May 26: Anxiety Levels Rise Ahead of Weekend

Swiss Franc The Euro has fallen by 0.01% to 1.0902 CHF. EUR/CHF - Euro Swiss Franc, May 26(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The markets are unsettled. It is not so much in the magnitude of moves as the breadth of the move. The nearly 1% rally in gold is a tell, but also the inability of equity market to follow the lead of the US markets, where the S&P 500 and NASDAQ set new records. US...

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FX Daily, April 28: Markets Limp into Month End

Swiss Franc EUR/CHF - Euro Swiss Franc, April 28(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF The pound to Swiss Franc rate could hit 1.30 very soon as the market gets closer to this important level of resistance that could easily break through in the coming weeks. The overall expectations for the pound to strengthen on the back of a strong UK election for the Conservatives remain, the Franc should...

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FX Daily, February 28: Markets Little Changed as Breakout is Awaited

Swiss Franc EUR/CHF - Euro Swiss Franc, February 28(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge GBP/CHF GBH CHF continues to see a volatile period with the general global uncertainty which has seen investors favour the safe haven currency. GBP CHF currently sits at 1.25 for this pair and there is resistance at these levels which is preventing the pound from driving higher. Brexit is now...

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FX Daily, January 27: Week Ending on Mixed Note as Year of Rooster Begins

Swiss Franc EUR/CHF - Euro Swiss Franc , January 27(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Sterling Swiss Franc Exchange Rate Update Sterling vs the Swiss Franc has been going in an upwards direction this week after the Brexit verdict released on Tuesday morning. Initially this caused the Pound to fall vs the Swiss Franc but since then Sterling has continued to go upwards. Later today UK Prime...

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US GDP Misses, but Final Domestic Sales Accelerate

Summary: Net exports was a large drag on growth. Inventories flattered growth. Underlying signal, final domestic demand, increased 2.5% after 2.1% in Q3. The first estimate of Q4 16 US GDP undershot expectations at 1.9%.Most had looked for annualized pace of a little more than 2% after the 3.5% pace in Q3.  The Q3 pace was always suspect given the unsustainable surge in agriculture (soy) exports.  Net exports...

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