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Will Negative Swiss Rates Reduce CHF Demand?

SNB goes negative in January Market assess policy moves by Fed and SNB EUR under pressure from intervention demands Yen bears relieved with higher U.S. yields Over the past 24 hours, capital markets have managed to navigate the last of the significant central bank scheduled meetings for this calendar year with the conclusion of the […]

Swiss Franc Sinks as SNB Surprises with Negative Interest Rates

Talking Points: Swiss Franc Sank After SNB Unexpectedly Unveiled Negative Interest Rates US Dollar May Turn Lower as Markets Rethink FOMC Outcome Implications See Economic Releases Directly on Your Charts with the DailyFX News App The Swiss Franc slumped after the Swiss National Bank unexpectedly dropped interest rates into negative territory at -0.25 percent. The […]

Top Trade Idea For December 15th, 2014 – USD/CHF

After three successful USD/NOK (Norwegian krone) long trades in recent weeks, it’s time to look elsewhere. In so doing, we’re not suggesting the oil price fall has ended. However, we have noticed price moving and closing below a four month uptrend line that may be worth some consideration. We’re talking about “the franc” (the Swiss […]

Euro Traders Prepare for Direct Stimulus Update

Talking Points: Dollar and S&P 500 Suffer Worst Declines Since October Panic Euro Traders Prepare for Direct Stimulus Update Swiss Franc Potential Lopsided in SNB Rate Decision Dollar and S&P 500 Suffer Worst Declines Since October Panic ‘The Dollar’s safe haven status is broken’? That seems to be a claim be made more often these […]

Draghi and ECB Have A Minimum Requirement

BoE non-event risk in pipeline Draghi’s headaches persist What’s the ECB’s minimum requirement? EUR expectations if disappointed The threat of global central bank action is managing to keep the various assets classes moving. Whether it’s the Central Bank of Russia (tighter monetary policy next week?), the People’s Bank of China (easing of monetary policy?), the […]

How Low Can The EUR Go?

Swiss the ‘only’ lovers of the EUR More rhetoric from Draghi and company Aussie negotiates a new record low CBR rumored to be trigger happy Who cares? Just as long as you are not ‘long’ any it seems — except perhaps against the CHF. The Swiss National Bank (SNB) appears to be the only entity […]

USDCHF reaches resistance & response key to outlook

The USDCHF pair has rebounded lower from a major resistance trendline which represents the upper level of an ascending wedge. The long term outlook for the pair is bullish, yet should we fail to see a break higher, then this may be a short term top to continue the consolidation seen in recent weeks. The […]

Australian Dollar Hit 4 Year Low on High Volume Before RBA

Talking Points: Dollar Drops as Commodities Rebound and Equities Slide Australian Dollar Hits 4 Year Low on High Volume Before RBA Swiss Franc: EURCHF Doesn’t Rally Far After ‘No’ Vote on Gold Dollar Drops as Commodities Rebound and Equities Slide In a day scarred by volatility, the Dollar notably ended the day in the red. […]

Week in FX Europe — No Thanksgiving for OPEC

OPEC punishes energy prices Russia to feel the squeeze Deflation demons awake on OPEC decision Look out for gold this weekend Energy prices continue to make records. Today, OPEC (the Organization of the Petroleum Exporting Countries) is back calling the shots, and putting the squeeze on global crude producers, commodity currencies, trade balances and Russia […]

A Snapshot of Central Bank Thinking

Rate divergence to continue European Central Bank Credibility on the Line Inflation Stymies the Bank of Russia The Fed’s Game of Show and Tell Some of the main central banks continue to eye handcuffing investors to a low rate environment throughout the first half of 2015. The current exception to the loose monetary policy regime […]

Dollar Reaches Fresh Five-Year High with Little Enthusiasm

Talking Points: Dollar Reaches Fresh Five-Year High with Little Enthusiasm Euro Rebounds as ECB Ranks Break on Push Towards Open Stimulus Yen Crosses Heading for Breakout as Currency Warning Weighs Dollar Reaches Fresh Five-Year High with Little Enthusiasm Another day and another five-and-a-half year high for the Dow Jones FXCM Dollar Index (ticker = USDollar). […]

Week in FX Europe – Draghi Hands Ammo to Euro Bear

Draghi’s Dovish Remarks Suffocate EUR Market expects ECB to announce new measures in December Greater Euro/U.S rate divergence needs to be priced The euro bear got a subtle hint yesterday to consider “not” booking any EUR profits just yet, all because the EUR bull happened to be blinded by flash purchasing mangers’ index (PMI) numbers. […]

Week in FX Europe – Sterling Bulls Burned by Carney

Pound pummeled by bears’ license to roam U.K.’s first rate hike delayed Political uncertainty weighs on pound The sterling bear got a license to roam after Governor Mark Carney at the Bank of England (BoE) delivered some dovish expectations in the most recent Quarterly Inflation Report released midweek. The pound has hit a multiyear low […]

U.S. Dollar Ducks and Dives for Respect

Sterling bulls stung by QIR The “Wonder” from down-under hurt by RBA comments Japan to weaken Yen by any means Swiss gold referendum nears This market is a natural U.S. dollar lover, nevertheless, investors are still searching for an incentive to help kick-start the buck to regain focus and begin the next leg higher. The […]

U.S. Dollar Insuppressible

It’s near impossible to keep a good thing down and the U.S. dollar is not exempt from that fact, having found its way again after a somewhat disappointing non-farm payroll (NFP) report last Friday. Today’s partial market holiday in the U.S., Canada, and France could add further spice to an already thin market. On a […]

Dollar Overextended and Facing Event Risks This Week

The overextended U.S. dollar long positions remain under pressure on Monday morning, mostly in the wake of the slightly disappointing nonfarm payroll (NFP) print last Friday. Historically, the first North American session after the jobs release is usually the quietest day of the month, which should give any battle-scared investor enough time to recalibrate. The […]

Quick, Call the SNB! EUR/CHF Sf1.2000 Floor in Sight

Talking Points: EURCHF nears Sf1.2000 floor, at lowest rate since Sept 2012. EURUSD acting as inverse of USDCHF; EUR loses elsewhere. Rolling 20-day correlation between EUR and CHF is +0.98. The Euro-Zone financial crisis and its resulting toll on monetary policy weren’t limited to the European Central Bank: the Swiss National Bank has been an […]

Week in FX Europe – ECB Signals more Stimulus in the Pipeline

Draghi reaffirms he is in charge ECB preps to increase balance sheet to 2012 levels NFP expected to orchestrate EUR’s downfall This week’s ECB press conference explained away some of the markets concerns, especially those pertaining to President Draghi’s leadership. Investors were seeking guarantees that Draghi is still in control, and remains the leader to […]

US Dollar May Rise as Status-Quo FOMC Clashes with Dovish Market Bets

Talking Points: FX Markets to Look Past European News-Flow, Focus on FOMC Outcome US Dollar to Rise if Static Fed Statement Clashes with Dovish Market Views See Economic Releases Directly on Your Charts with the DailyFX News App A quiet economic calendar in European trading hours is likely to see traders looking ahead to what […]

Week in FX Europe – Dollar Longs Enjoying The Ride

Equities worst week in three years U.S dollar reclaims FOMC losses Dollar crowded trade remains intact If nothing else, the forex space has found some of its lost mojo. Investors are now dealing with strong intraday volatility again and with volatility comes more opportunities. This is certainly a far cry from the countless days of […]

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