Tag Archives: EUR/CHF
Daily FX Technical Strategy: EUR/JPY benefits from a positioning squeeze
The US nonfarm payrolls report catalysed an extension of the bullish rates move (US 10y yields) that has been unfolding since mid-March.
FX Daily
– A weak US employment report increased worries about a new soft patch. – Long-end Treasury yields dropped significantly and the 10-yield is at its lowest for the year.
Daily FX Technical Strategy: Rates beleaguer the USD
Erratic moves in JGBs and dropping US yields have turned the US dollar index uptrend more erratic.
FX Daily
– ECB keeps rates unchanged but holds the door open for further easing. – BoJ’s aggressive move has put downward pressure on global bond yields.
EUR/CHF Technical Analysis
(1,2152) The EUR/CHF confirmed another test of the 1,2130 area where again it found good support for now. The 200 days line is therefore limiting very well the downside for now.
FX Daily
– Very aggressive BoJ announcement. – Focus today on ECB: 25% chance of a refi-rate cut but watch out for non-standard measures to improve credit conditions. BoE to stay put.
EUR/CHF Technical Analysis
(1,2138) The EUR/CHF failed to confirm the positive day reversal remaining instead under further pressure suggesting a test of the 200 days line at 1,2130 where we expect decent support;
Daily FX Technical Strategy: Renewed sterling downside
We featured medium term bearish sterling signals in the form of UK 10yr breakeven rates and GBP/USD volume in our Top 10 Charts for Q2 report.
FX Daily
– Markets calming on easier Cyprus budget terms and decent US, Chinese data. – Fed speakers reiterating the case for continued Fed balance-sheet expansion.
EUR/CHF Technical Analysis
(1,2169) The EUR/CHF managed to form a positive day reversal after a test of the 1,2135 area where it found good support.
Daily FX Technical Strategy: USD/JPY crosswinds
Risk sentiment has deteriorated steadily since the headlines around Cyprus first appeared. This is seen in the form of a bid in major rates markets, not just in Germany, but also in the US.
FX Daily
– US ISM disappoints but details suggest consumer resilient nonetheless. – Eurozone markets calmed down a little but still uncertainty in Cyprus and Italy alike.