Post Tagged with: "SNB"
USD/CHF Outlook – October 10-14
The Swiss franc traded quite choppily but continued to fall against the greenback.The week is relatively light in events, but we will get a first evidence if the intervention by the SNB managed to stop deflation. In addition, here’s an updated technical analysis of USD/CHF. One of the main drivers of franc weakness was the talk of
Roller-coaster Friday
It’s a Friday and the last day of the month and also the quarter. Furthermore, this has been the worst quarter for equities for three years, with the MSCI World index down nearly 18% and the S&P500 down nearly 14%. So far, this has proven to be a relatively steady week for the dollar, with
Forex Crunches for the Weekend – September 10
We had a once in a lifetime intervention by the Swiss authorities, roller coaster markets around Trichet’s press conference and lots of activity in the week that marked the return from summer holidays. The markets are now closed, and it’s time to enjoy some long term forex related articles for the weekend. Enjoy! You don’t
Time for a bold approach
Ahead of his address to Congress on America’s jobs’ crisis later today, equity markets were buoyed by a suggestion that the size of the package the US President will present could be more than USD 300bln. It is expected to include substantial middle class tax cuts, a boost to infrastructure spending, and targeted state and
Jackson Hole – Get Ready for a Disappointment
Expectations are quite high from Bernanke’s speech at Jackson Hole, and this may end in a disappointment. David Song of DailyFx discusses this important event, as well as other topics: What will happen in currency markets if we enter a recession, what is expecting us with central bank movements and more, in an interview. David
EUR/USD Aug 22 – Jumps on Swiss Moves, Eurobond Hopes
Euro dollar kicked off the week with a gap lower, but this was erased. Apparent Swiss moves to weaken EUR/CHF as well as hope that Eurobonds will be issued despite German refusal, keep the common currency higher. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: Active
It’s a question of bonds
For those who spend sleepless nights fretting about the sustainability of the massive sovereign debts amongst the largest economies of the world, it must seem rather incongruous that bond yields are plunging to new record lows at the same time. In the UK, where the overall debt burden (including not just that of the UK
Swissie still far from the madding crowd
We’ve seen exceptional volatility this week. The Swiss franc fell over 5% vs. the euro this week, the biggest move since the launch of the single currency. Despite this, the Swissie is still up vs. the euro on the week. In equities, we’ve seen 500+ moves in the Dow for the past few days, something
The summer of our discontent
There’s a myth in markets that August will be quiet with little going on. One of the reasons why this is often not the case is liquidity. When liquidity is low, moves are more exaggerated. Furthermore, on big moves, rumours then start to circulate as to what may be behind them. Tuesday was one of
Words over actions from the US Fed
From one angle, it was a big change, pledging to keep rates low for two years, rather than the previous pledge which translated to around three months. But for markets, it was not a big leap, given that interest rate markets were not far off pricing steady rates for the coming two years anyway. The