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The Euro

Overlay of EUR Pairs: 1-Hour Forex Chart
Overlay of EUR Pairs: 1-Hour Forex Chart

European Headlines and Economic data

Monday:

  • China to impose tariffs on U.S. goods despite Trump warning –  rising tensions between the U.S. and China is likely the catalyst for the early week risk aversion sentiment. This is likely the reason why euro pairs opened up mixed with the euro out performing against the comdolls and Sterling, while under performing the safe havens.

Tuesday:

Wednesday:

Thursday:

Friday:

The Swiss Franc

Overlay of CHF Pairs: 1-Hour Forex Chart
Overlay of CHF Pairs: 1-Hour Forex Chart

Swiss Franc Headlines and Economic data

Monday:

Tuesday:

Wednesday:

For the remainder of the week, franc pairs were driven by the rising risk-off sentiment and counter currency flows (bad week for the British pound and Australian dollar), with the former likely the reason why we saw the franc top all of the major currencies going into the weekend.