Tag Archives: EUR/CHF

UBS Morning Adviser

No change to the QQE target The Bank of Japan’s overnight decision reaffirmed the existing policy stance,

FX Daily

The FOMC meeting tonight should provide few surprises as the Fed tapersanother USD10bn of asset purchases.

Daily Technical Report

EUR/USD’s decline from 1.3906 (11/04/2014high) has stopped around the 50% retracementmeasured from the low at 1.3673 (04/04/2014).

USD & JPY are going through soft patches and scandies get a breather Tuesday

EUR/USD: With support at the high end of the Fibo adjusted short-term”Ichimoku cloud” an attempt above 1.3865 is made. A shortterm127.2% Fibo extension ref at

UBS Morning Adviser

Eurozone inflation release and its currency implications Falling inflation in Europe has become the primary focus in EUR as the market speculates potential ECB QE.

FX Daily

In the euro-area a number of interesting data are due for release. Germany releasesCPI for April, starting with the first Länder CPI at 09:00 CET (Saxony).

EUR/USD’s decline from 1.3906 (11/04/2014high) has stopped around the 50% retracementmeasured from the low at 1.3673 (04/04/2014). As a result, the short-term technical structure ispositive as long as the support at

UBS Morning Adviser

Basis swap landmark reached for euro, but is resilience now a hindrance? Last week the 1y EUR/USD basis swap traded above zero for the first time post crisis.

FX Daily

We get a quiet start to a very busy week. Only release of interest today is the USpending home sales for March, which normally leads existing home sales by one totwo months.

Daily Technical Report

EUR/USD has further recovered off supportat 1.3780. However, bullish rally is weak. Neartermsupport is located at 1.3785 (22/04/2014low, see also the low of the rising channel).

UBS Morning Adviser

PBOC will remain active in China rates market, but volatility will persist As financial reform in China continues, the People’s Bank of China (PBOC) faces the challenging task of a smooth transition in interbank and FX markets.

FX Daily

Today’s calendar is fairly light in terms of data releases. In the US University ofMichigan consumer confidence for April is due for release. We expect it to havedeclined to 78.5 from 80.0 in March,