Tag Archives: EUR/CHF

UBS Morning Adviser

Reserve Stagnation Boosts Buck In their latest Macro Keys (May 29th), our Emerging Market strategy team highlights that the current round of weakness in EM FX is likely to be with is for some time.

USD trading all over the shop on USDJPY flows.

There was a flurry of “developments” out of Japan today that saw a dramatic pivot in JPY crosses after USDJPY looked like it wanted to have a look at the 100 level.

The Global Macro Pulse

Overnight Price Action Asian stocks were mixed, with the Nikkei and Kospi up 1.2% and 0.6% respectively and the HSI slipping 0.2%.

FX Daily

Market movers today • In the euro area, the EU Commission is due to release its confidence indicators, which we expect to show some improvement in May from low levels.

UBS Morning Adviser

Capex Comforts Australian Dollar We remain cautious on the Australian dollar given the risk the Reserve Bank of Australia will cut interest rates again from 2.75% this year.

FX Daily

Market movers today • We expect that German inflation has remained subdued in May. Core inflation is running at a very low level and

EUR/CHF Technical Analysis

(1,2546) The EUR/CHF confirmed a strong closing above the top of the previous session but it failed to confirm one above the resistance of the inside day at 1,2560.

Confidence Cushion The dollar’s favourable response to consumer confidence figures released on Tuesday has demonstrated how risk-currency status for the dollar can only be generated through a virtuous data cycle.

US Morning Update

Major overnight headlines: • French consumer confidence falls to 79.0 in May from 83.0 (vs. 85.0 expected), now even with post-Lehman levels • ECB’s Noyer: France must “push ahead” with labour market reforms, Reuters reports

Daily FX Technical Strategy: AUD hovers over its 2012 low

Following a turbulent week, the quiet start around the UK/US bank holiday was likely welcomed as markets took a breather.

FX Daily

Market movers today • In terms of macro data, focus will be on US numbers today. The S&P Case-Shiller house price index is expected to continue the upward trend.

EUR/CHF Technical Analysis

(1,2501) The EUR/CHF confirmed a nice rebound after having formed a double bottom above 1,2410.