Archive for July 5th, 2010

Swiss and Eurozone Retail Sales Coming Up

Monday, July 5th, 2010 at 6:31 pm  
Comments Off
G10 Advancers and Decliners vs USD
CHF 0.02
EUR -0.08
GBP -0.08
JPY -0.33
It is likely to be a subdued start to the week as the US observes its Independence Day holiday and European economic releases are likely to continue to take a back seat to broader risk sentiment in the currency markets. Asian equity indices have put in a mixed performance; with the Nikkei +0.60%, Hang Seng -0.25% and Shanghai Composite -0.35% at the time of writing.

On Friday, US nonfarm…

EURCHF Can Reach 1.2500 By Year End

Monday, July 5th, 2010 at 6:31 pm  
Comments Off

Currency markets are relatively quiet at the start of the week; US desks are likely to remain empty as the Independence Day holiday is observed, and the morning’s data releases already done and dusted which leaves us predominantly at the whim of headline risk and equity market moves. This morning’s Swiss retail sales posted an extremely robust 3.8% YoY increase (albeit in a volatile series)…