Post Tagged with: "Swiss Franc"
Yet more Band-Aids for Europe
Yesterday’s decision by the major central banks to expand dollar liquidity provision operations has yet another eerie parallel with 2008, on the 3rd anniversary of Lehman’s downfall. On the 18th September 2008 central banks announced a coordinated expansion of dollar liquidity to ease similar funding pressures in the wholesale market. This was ramped up in
August’s swings and roundabouts
There’s no doubt that August has been a pretty treacherous and volatile month in markets and there’s a decent push to end the month on a modest high. Some of this came on the back on the stronger spending numbers from the US yesterday, with this providing a modest antidote to some of the weaker
Tough love on the way for the USA
The situation has moved from tragedy to farce in the US as the Republicans are fighting among themselves and the vote that was due last night on their package was delayed once again. It’s now pretty obvious that any deal that eventually emerges is going to be primarily driven by political compromise, rather than be
Yen Intervention Coming Soon?
The current levels of the Japanese yen put the Japanese BOJ and MOF on high alert. David Rodriguez of DailyFX discusses the chances of a big intervention if USD/JPY reaches the historic lows, and answers 4 additional fundamental questions about the debt ceiling, the EU Summit details and more. David Rodriguez is a quantitative analyst
Greek Selective Default Already Accounted For
While talks continue on private sector contribution to a second bailout package for Greece, the market is already taking this into consideration. John Kicklighter from DailyFX discusses this option, the upcoming ECB rate decision, the meaning of the end of QE2 and other fundamental questions: JOHN KICKLIGHTER – Currency Strategist Office: San Francisco Bio: John
Portugal pushed to take the final plunge
Bank of Japan disappoints Don’t forget the Bank of England meeting Aussie punches higher on strong labour data Swiss franc playing catch-up Portugal has finally done the right thing and asked the EU for a bail-out and FX markets barely fliched at the news. This reflects the extent to which it was widely expected and
Swissy Surges After Rate Decision
The Swiss Franc made a leap after the rate decision. USD/CHF plunged by about 100 pips to 1.1230 and EUR/CHF also fell by about 100 pips to 1.3780, about 50 pips above the all time low set last week. The Swiss National Bank (SNB) left the Libor Rate unchanged at 0.25% and while they said
Forex Daily Outlook – March 23rd 2010
After a light Monday, the calendar becomes more crowded today. British inflation figures and American Existing Home Sales among other events. Let’s see what’s up for today: In Switzerland, SNB Governing Board Chairman Philipp Hildebrand will speak about the central bank’s monetary policy during the crisis. Referring to interest rates and possibly currency interventions will
Support Line – Courtesy of the Bank
The SNB did it again. They intervened in the forex market to weaken the Swiss Franc. Against the dollar, these moves sure are short lived, but regarding the Euro, the central bank sure marked a support line for EUR/CHF. The Swiss National Bank intervened again in the currency markets to weaken the national currency. Like
Forex Daily Outlook – September 16th 2009
The dollar continues to weaken, especially after Bernanke’s speech. Today’s calendar is packed with CPI from Europe and the US, employment figures in Britain and many other releases. Let’s see what’s up for today. Although the dollar weakens, it doesn’t affect all currencies. Mervyn King sent the Pound down yesterday. On the other side of