Tag Archives: USD

Swiss Franc EUR/CHF - Euro Swiss Franc, December 14(see more posts on EUR/CHF, ) - Click to enlarge The Pound is entering mid-December in the same fashion it begun the month after having a very strong November as well. After being buoyed by Donald Trump’s victory and the High Courts ruling that parliamentary approval is needed before invoking Article 50, the Pound has been boosted further after economic data...

Swiss Franc The EUR/CHF improved today. The OPEC-non-OPEC agreement was the reason. Always when oil gets more expensive, the euro, gold, CHF and the whole “Asian bloc” rises  against dollar and yen. Still it was astonishing that the euro improved more against USD than the inflation hedge CHF. Reason might be that investors now consider the ECB the most dovish central bank. Higher oil prices, however, may lead to more...

Swiss Franc The EUR/CHF improved today. The OPEC-non-OPEC agreement was the reason. Always when oil gets more expensive, the euro, gold, CHF and the whole “Asian bloc” rises  against dollar and yen. Still it was astonishing that the euro improved more against USD than the inflation hedge CHF. Reason might be that investors now consider the ECB the most dovish central bank. Higher oil prices, however, may lead to more...

Summary: FOMC meeting is the last highlight of the year. OPEC and non-OPEC producers strike a deal: optics good and that can lift prices further in near term. Italy will have a new Prime Minister, the fourth unelected PM. Provided that the Federal Reserve delivers the widely tipped and expected 25 bp hike in the Fed funds target range, the key to investors’ reaction will be a function of the FOMC statement and...

Summary: FOMC meeting is the last highlight of the year. OPEC and non-OPEC producers strike a deal: optics good and that can lift prices further in near term. Italy will have a new Prime Minister, the fourth unelected PM. Provided that the Federal Reserve delivers the widely tipped and expected 25 bp hike in the Fed funds target range, the key to investors’ reaction will be a function of the FOMC statement and...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 09(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge FX Rates The euro has stabilized after extending yesterday’s ECB-driven losses. The euro’s drop yesterday was the largest since the UK referendum to leave the EU. Ahead of the weekend, there may be some room for additional corrective upticks, but they will likely be limited, with the $1.0650...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 09(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge FX Rates The euro has stabilized after extending yesterday’s ECB-driven losses. The euro’s drop yesterday was the largest since the UK referendum to leave the EU. Ahead of the weekend, there may be some room for additional corrective upticks, but they will likely be limited, with the $1.0650...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 07(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge The pound has seen a very marked turnaround against the Swiss Franc with almost 8 cents gained in the last few weeks. GBP/CHF appears to have 1.30 in its sights and at this pace it should be there in record time. This week sees a number of political events which are playing out into the...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 06(see more posts on EUR/CHF - Euro Swiss Franc, ) - Click to enlarge FX Rates The foreign exchange market is quiet. Ranges are narrow, with the US dollar mostly consolidating against the major currencies. Given the push lower yesterday, the shallowness of its recovery warns of the greenback’s downside correction after strong gains last month may not be...

Summary: The Dollar Index’s technical tone has deteriorated. It is corresponding to the easing of US rates and a narrowing differential. The risk is that the correction can continue in the coming days. We took a closer look at the US Dollar Index last week. In our write up, we noted highlighted the importance of the 100.60 area. We warned that a break of that support could signal the start of a deeper...