Tag Archives: EUR/CHF
Daily Currency Briefing: High stakes poker
G10 Currencies EUR-USD: The sell-out in EUR-USD which started yesterday morning did not continue nor did we see a stronger recovery. In the end this reflects the protracted stalemate in connection with the aid package for Greece.
Daily Market Technicals – EUR/CHF in new lows
EUR/CHF has sold off into new lows and is approaching the psychologically important 1.20 support. The market looks set to reach the base of its 3 year down channel at 1.1950/65. While we would allow for this to hold the initial test, we are not hopeful about reversal here. Slightly longer term we have point […]
HSBC: Currencies: Currency Weekly: EUR and CHF: Where core EUR might have been
Since the onset of the sovereign debt problems, EUR and CHF have behaved very differently. Monetary conditions in Switzerland are now much tighter than in the Eurozone, so it is unlikely the SNB will follow ECB rate rises.
FX DAILY STRATEGIST: Europe – 09 June 2011
Trichet’s message key for euro Wednesday, but we look to fade any knee jerk rally on ‘vigilant’. Last Friday’s Greek-deal optimism looking like a distant memory – we still favour EURCHF shorts With risk pressured, yen crosses – AUDJPY in particular – remain vulnerable.
Daily Market Technicals – The euro has taken a hit again.
EUR/USD is once more sitting on the 61.8% Fibonacci retracement of the May decline at 1.4569, having remained below the 78.6% Fibonacci retracement at 1.4732 on Wednesday.