Tag Archives: EUR/CHF
NFP: is “slightly bad” worse than “really bad”?
UK (dis) inflation UK core PPI Output inflation matched its lowest month-on-month reading for the last 12 years or more in June, underlining the deflation threat as promoted by the BoE as it decided to increase its asset purchase target this week and no doubt aided somewhat by a stronger sterling vs. the euro over […]
German concessions trigger epic Euro squeeze
Euro shorts had their feet put to the fire on the surprising degree of German concessions at the EU summit. Many questions remain unanswered, but for now, the shorts are simply pressing the panic button.
Asia FX Rundown
Merkel strong statement against Eurobonds yesterday damaged Spanish+Italian bonds a lot but broader risk sentiment survived largely unchanged.
AUD dips following mildly dovish RBA minutes
The newly-released minutes of the last RBA meeting, where a surprise 50bp cut was delivered, was not a real market mover during today’s Asian session, as we have already seen the BA’s monetary policy statement in the meantime.
Good Friday = Good Payrolls?
The only real news from the Asian session was talk of a possible China Reserve Ratio Requirement cut over the weekend. This stems from the latest PBOC’s Q1 monetary policy pronouncement (released last weekend but only picked up recently due to the holidays) which called for an “appropriate increase” in money and credit compared with […]
FX Daily Strategist: US
EURCHF collapses momentarily printing sub-1.2000 EURCHF came under some pressure initially following the Swiss CPI, however the move accelerated in the mid-morning session with 1.2030 giving way prompting a sharp decline to 1.1998 (as per RTRS) within seconds.
Daily FX Technical Strategy: Spring cleaning
As the end of the first quarter looms large, we continue to see background evidence of profit taking across asset classes. At the end of a busy week we are looking for more signs to post today. The AUD looks most vulnerable to recent commodity price weakness with AUD/JPY looking almost certain to post a […]
Daily FX Technical Strategy: Intraday clues for a dollar bounce-back
The dollar has tended to drift lower so far this week but we are not convinced this is a sustainable move. The correction in USD/JPY is taking on the shape of a bullish flag on intraday charts suggesting the uptrend is poised to resume.
Daily FX Technical Strategy: JPY juggernaut still turning
Yesterday was a day of consolidation in FX markets and it passed without producing evidence of material change. Consequently, we are sticking with recent themes: USD strength, JPY weakness and NOK strength.
The dollar hits resistance on profit-taking ahead of the weekend
Profit-taking into the weekend was the order of the day during the Asian session, with the USD struggling to make further gains after its two-day rally. On the data front, headline Singapore non-oil domestic exports staged a mighty rebound in February, rising 30.5 percent y/y versus consensus estimates of +16.2 percent after a strong performance […]
FX Daily Strategist: US
USD may have further legs with dovish Fed rhetoric ignored The European session saw some profit taking with the USD softening a tad against the JPY and EUR in response to a pause in the move higher in UST yields. EURUSD has recovered further from the 1.3004 low in Asia but this seems more related […]
Daily FX Technical Strategy – Kiwi takes flight
The combination of a slightly stronger USD and slightly weaker stock markets has undermined base metal prices and aluminium in particular. In FX markets, commodity currencies reflect this developing risk-off theme.