Post Tagged with: "USD/CHF"
USD/CHF: Trading the Swiss KOF Economic Barometer
The Swiss KOF Economic Barometer is a composite leading indicator which measures overall economic activity and is an excellent indicator of the direction of the Swiss economy. Its publication has a major effect on USD/CHF. Here are all the details, and 5 possible outcomes for USD/CHF. Published on Wednesday at 9:30 GMT. Indicator Background The
EUR/USD Breaks Support on Horrible US Data
Euro/dollar extended its losses and fell below support as the US reported bad figures: the Philly Fed Manufacturing Index plunged to -30.7 points – a very low point. Estimations were for a positive number. Existing home sales fell to a pace of 4.67 million, lower than 4.91 million expected. The plunge in the Philly index very
Much ado about nothing
For all the volatility and trauma, it’s remarkable how little most things moved overall last week. The S&P was down less than 2%, despite the 8% price range. In FX, EUR/CHF was more than 9% lower on the week at one point, but for the week as a whole ended up around 0.7%. Perhaps the
US Retail Sales Rise – EUR/USD Rises on Risk Appetite
US consumers felt more confident in July – retail sales rose to 0.5%, slightly better than a rise of 0.4% that was expected. Also core retail sales exceeded expectations with a rise of 0.5%, better than +0.2% that was predicted. EUR/USD is on the rise, in classic risk appetite trading. USD/JPY and USD/CHF are making small
US Jobless Claims Drop – USD/JPY and USD/CHF Rise
More positive news from the US job market: weekly jobless claims dropped to 395K, better than 400K that was expected. While this isn’t a very big difference, it is still the best since April. This releases the hot air out of the franc and the yen. USD/JPY is up to 76.80, after trading lower earlier
Swiss Franc and Gold Set to Rally After S&P Downgraded the US to AA+
Standard and Poor’s downgraded the U.S.’s sovereign credit rating from AAA to AA+ on Friday after the market close. There are a lot of speculations how the markets will react, which should be US dollar negative. Now, the question is where the money will go!? We believe it will be nothing different compared to what
How Will Currencies React to the Credit Downgrade?
The question above is tough. The historic downgrade of the US by S&P is set to aid some currencies against the dollar, while others will suffer. One thing is certain: the week will open with a storm. Here are estimates on 7 currency pairs, assuming that policymakers around the world will not act in extraordinary
Non-Farm Payrolls Rise Nicely – USD/JPY and USD/CHF Rise
The number of US Non-Farm Payrolls rose by 117K in July 2011. This is slightly better than official expectations that stood on a gain of around 90K. The unemployment rate also surprised with a slide to 9.1%, exceeding expectations of an unchanged value at 9.2%. The dollar rises against the safe haven currencies and drops
USD/JPY Approaches Historic Low as US Manufacturing Comes to a Halt
US ISM Manufacturing PMI has slowed down in July. ISM Manufacturing PMI scored 50.9 points in July, weaker than 55 points estimated. USD/JPY is falling towards the historic low and so is USD/CHF. EUR/USD has its own issues, and the reaction is different – the euro is falling against the dollar. Risk aversion dominates. QE3
USD/CHF At New Record Lows on Possible QE3 Zero Flat Rate
Dollar/Swiss pierces lower as Ben Bernanke provides thicker hints about a possibility of a third quantitative easing program, and acknowledges the sheer weakness of the US economy. The dollar is also losing ground to the euro among other currencies. In an official testimony in congress, the Chairman of Federal Reserve went one step further than