EUR/USD, EUR/JPY flows - EUR Weakness as French Bonds Fail to Bounce

October 8, 2026 12:01 PM UTC

USD is trading sideways against USD/JPY and Cable, but has gained against the EUR.

EUR/CHF flows - Watching the French-German Bond Spread

October 5, 2026 2:18 PM UTC

CHF is consolidating last week's gains versus the EUR, with the next move dependent on French-German government bond spreads.  

EUR/CHF flows: Spread still going, cross back to recent lows; w/e key window?

October 2, 2026 8:28 AM UTC

OAT-bund spread still widening, if through OAT lagging rather than further selling; has all but met 150bp now
Weekend could be key for politicians to try and stem the snowball effect; failure to convince could just attract more pressure
EUR/CHF has been one pure expression of the regime shift this wee

EUR/USD, DXY flows: Dollar on the MOVE; shifting EUR/CHF mood

October 1, 2026 11:10 AM UTC

Surge in MOVE has been upping the volatility backdrop and helping drive the dollar firmer in the current over-extended action
Yield jump and higher vol tending to squeeze some popular carries recent days, USD/MXN especially
EUR/CHF runs out of gas against this backdrop, potentially correcting
Bond acti

EUR/SEK, EUR/CHF - Hawkish hold from Riksbank, very dovish hold from SNB

September 24, 2026 8:05 AM UTC

Slight pop for SEK after hawkish hold from Riksbank, EUR/SEK capped back from resistance
Very dovish hold from SNB, inflation subdued through to 2028 on unchanged rates
Latter keeps CHF as an increasingly extreme low yielder

EUR/USD, USD/JPY, USD/CHF, EUR/CHF flows: Core CPI upside bolster Sep hike odds

September 11, 2026 12:42 PM UTC

Core CPI upside supports Sep FOMC tightening call, and mkt odds rise to around 85% 
FX reaction modest thus far, though CHF remains on the back foot as the increasing low inflation, low rates stand out

CHF/JPY and the carry question

July 30, 2026 1:39 PM UTC

·       CHF/JPY has become interesting from several directions: extreme relative valuation, changing carry rankings, opposing official preferences over currency direction, and the beginnings of a possible technical rollover. When things align, they can encourage some migration in positioning

NOK flows: Oil fall away still driving on retracement

June 24, 2026 1:52 PM UTC

Oil ongoing slide back to initial gap and USD/NOK breakout still driving pair higher
10~ area next on the pair

EUR/USD, EUR/CHF, USD flows: $80 and some breaks regained; Swiss avoid risky vote

June 15, 2026 6:47 AM UTC

Oil back to $80 as deal to be signed, albeit with some can kick on details
EUR/USD regains 1.16, Nasdaq back above it's recent break lower
Swiss also avoid event risk, no on population cap, bolsters CHF

EUR/CHF, EUR/USD, EUR/SEK flows: Mkt cautious on Iran positives; CPI prints

June 4, 2026 6:44 AM UTC

Israel and Lebanon agree to implement ceasefire, whipsawed mkt wary
Swedish CPI slightly above mkt; SEK also circumspect
Minor blip for CHF - CPI weak again and SNB has been more vocal on readiness against CHF strength 

EUR/CHF, CHF/JPY flows: SNB Schlegel reiterates increased readiness to intervene

June 2, 2026 1:15 PM UTC

While accepting that real appreciate is clearly less than nominal, SNB chairman Schlegel at an event in Bern reiterates again the Bank’s raised readiness to intervene to deal with overvaluation pressure due to the Middle East conflict.
This pits the CHF on the opposite side of the fence to the yen

NOK flows: Usual Monday oil bounce, EUR/NOK sitting on support

May 11, 2026 6:40 AM UTC

EUR/NOK still pressing support area after 'usual' weekend negative comments and oil bounce. More downside scope on spreads.

NOK flows: NOK rallies on Norges Bank rate hike

May 7, 2026 8:21 AM UTC

Norges Bank hikes the policy rateto 4.25%. NOK rallies as market had been split on probability of a hike. Scope for further NOK gains medium term

USD flows: USD lower on Greenland

January 19, 2026 8:07 AM UTC

Greenland furore underminign equities and weakening the USD. EUR and CHF best performers so far but JPY preferred

EUR, CHF, SEK flows: Few surprises in European data but SEK may have upside against CHF

November 28, 2025 9:29 AM UTC

European data much as expected, but relatively strong Swedish growth suggests some SEK upside risks, while weak Swiss growth may maintain downward pressure on CHF

USD, EUR, AUD, JPY, CHF flows: Mild risk positive tone on Fed, Ukraine

November 24, 2025 7:59 AM UTC

JPY and CHF weaker, EUR firmer. More risk positive tone on Ukraine peace and Fed easing hopes. AUD upside potential

CHF flows: New -post-2015 low in EUR/CHF

November 14, 2025 10:04 AM UTC

EUR/CHF drops below 0.92 for the first time since the 2015 spike

CHF, JPY flows: CHF slips on CPI, JPY awaits equity turn

November 3, 2025 7:41 AM UTC

CHF softer after CPI. JPY still undermined by equity strength

AUD, JPY, CHF flows: Risk positive tone, some JPY resilience

October 27, 2025 7:43 AM UTC

Risk positive tone on talk of US/China deal, JPY gets some support from verbal intervention

USD, JPY flows: Steady to mild risk positive tone

October 20, 2025 6:45 AM UTC

Mildly more risk positive picture, but uncertainty remains. Likely Takaichi PM appointment offset by some BoJ hawkishness

USD, JPY, CHF flows: USD lower versus safe havens on risk negative trade

October 17, 2025 7:01 AM UTC

US banking concerns trigger USD declines, especially against safe havens. JPY has scope for further gains.

USD, EUR flows: EUR down on French PM resignation

October 6, 2025 8:41 AM UTC

EUR down across the board as French PM resigns after less than a month in office

USD, JPY, CHF flows: Steady markets, JPY still has upside scope, CHF topping out

October 2, 2025 6:49 AM UTC

USD steady overnight, equities making new highs (again) but JPY favoured going forward. CHF looking toppy.

USD, JPY, CHF, AUD flows: USD soft, JPY and AUD favoured

September 9, 2025 6:39 AM UTC

JPY can close Monday's opening gaps on crosses. AUD/USD threatening top of recent range

SEK, CHF flows: SEK and CHF both softer after CPIs

September 4, 2025 6:40 AM UTC

Sweidsh CPI marginally avove consensus, Swiss CPI marginally below, but both SEK and CHF weaker

USD, CHF flows: USD marginally firmer on data, CHF soft

August 28, 2025 1:07 PM UTC

Claims dip, GDP revised up, CHF weakening

USD, JPY, CHF flows: JPY recovery has legs, CHF under a little pressure

August 4, 2025 7:33 AM UTC

Quiet start, CHF softer, JPY has potential to gain more longer term

EUR flows: EUR up as yields rise on Lagarde

July 24, 2025 12:42 PM UTC

Lagarde sounding less dovish, market now not fully pricing in any more easing this year. EUR firmer, but EUR/USD upside may be more limited than EUR gains on the crosses.

USD, JPY, CHF flows: JPY weaker on tariff threats, strong equities

July 2, 2025 6:35 AM UTC

JPY weakens as Trump threatens 30% tariff

JPY, USD, EUR, CHF flows: JPY the big loser overnight, PMI data of interest

June 23, 2025 6:52 AM UTC

JPY loses ground across the board overnight. Preliminary June PMIs of interest in the absence of escalation of the Middle East conflict

CHF flows: EUR/CHF dips slightly after SNB cut

June 19, 2025 8:10 AM UTC

SNB cuts 25bps as generally expected. Small EUR/CHF dip due to minority view that SNB would cut rates to negative

NOK, SEK, CAD, JPY flows: Potential for corrections

April 24, 2025 6:46 AM UTC

FX moves driven by the tariff driven risk sell off can correct in less volatile markets

GBP, EUR, USD, CHF flows: GBP slightly firmer on GDP, USD remains under pressure

April 11, 2025 6:59 AM UTC

GBP benefiting from much strogner than expected UK GDP. USD remains under pressure, CHF strength may be a little overdone

CHF flows: CHF softer after rate cut

March 20, 2025 9:06 AM UTC

CHF weaker after SNB cut rates as generally expected. More scope for CHF/JPY decline than EUR/CHF gain