Tag Archives: USD/CHF
Behavioral Finance: Daily Forex Outlook: BoE unblocks the credit plumbing
EUR USD (1.2240) On Friday, the USD-index retreated smartly from the year-high achieved one day earlier. Indeed, in the space of just one hour it covered the entire ground from the day’s high to the day’s low – and this without any obvious catalyst.
Behavioral Finance: Daily Forex Outlook: Fed looks less dovish against the new backdrop
EUR USD (1.2235) Market disappointment at the Fed minutes has to be evaluated against the changed backdrop where other central banks namely the ECB and BoE, as well as several Asian monetary authorities have engaged in easing since the Fed meeting.
Daily FX Technical Strategy: Momentum points to higher dollar
Growth concerns dominated trading overnight. Low and falling US yields made no impact on the dollar which rose even against recently strong currencies like the AUD and KRW.
Daily FX Technical Strategy: Euro drifts closer to another major cliff edge
Over the past 24 hours the markets have taken a breather. The absence of any reversal signals during that time points to a period of consolidation leaving the main themes unchanged.
Behavioral Finance: Daily Forex Outlook: The dollar is weighing in on the euro
EUR USD (1.2285) The euro’s current weak position seems to be largely attributed to the disappointment from the EU summit and higher Spanish yields.
Behavioral Finance: Daily Forex Outlook: Grim resignation over US jobs
EUR USD (1.2290) Although it is common to talk about investor disappointment with the US payroll data, the latest figure was the closest to the consensus forecast so far this year.
Behavioral Finance: Daily Forex Outlook: Self-defeating policy change
EUR USD (1.2380) Yesterday’s ECB rate decision kick-started the euro’s latest sell-off. Although the policy shifts were small, respectively, 25bp off the main policy rate and the deposit rate, they nonetheless overstepped market expectations; the average forecasts were for 10bp or 15bp changes.
Daily FX Technical Strategy: Spotlight stays on the euro
The release of US non-farm payrolls this afternoon is likely to be the primary focus of the FX markets today but it is the weakness of the euro that continues to hold our attention.
Behavioral Finance: Daily Forex Outlook: Late positioning in sterling ahead of BoE decision
EUR USD (1.2530) Ahead of the ECB meeting and likely BoE announcement on easing, investors are still debating the outcomes of the EU summit.
Daily FX Technical Strategy: Long-term charts point to further EUR weakness
Event risk into the weekend should continue to keep trading volumes supressed, but that is not to say there is nothing going on. Yesterday, Bobls jumped the gun on the ECB announcement today by turning bullish after a month of selling.
Behavioral Finance: Daily Forex Outlook: IMF unlikely to steer a change of policy
EUR USD (1.2585) Against the backdrop of manufacturing contraction in 21 out of 29 global PMI’s, the IMF’s Lagarde yesterday highlighted the dangers of growth-threatening fiscal and monetary policy.
Daily FX Technical Strategy: EUR/NZD all-time low in sight
With the USD Index locked in a ranging pattern, we expect trading to be subdued today by the US Independence Day holiday. Bigger picture we are USD bullish but this week listless sideways drift is the likely outcome ahead of the release of US NFP on Friday.