USDCHF

European Open Preview – Dollar extends pullback; BoE’s Carney appears before parliament

Posted on November 20, 2018 at 8:48 am GMT

Here are the latest developments in global markets: FOREX:The dollar index is marginally lower on Tuesday (-0.08%), extending the losses it posted in the previous session as US bond yields declined and a disappointing NAHB index fueled speculation the US economy may have peaked. The Swiss franc was the best performer, attracting inflows amid risk aversion in markets, while the euro followed closely in its tracks. The pound was little changed amid no fresh Brexit news, though investors may turn [..]

Technical Analysis – USDCHF momentum heads south with pair at 2-week low; medium-term outlook still bullish

Posted on November 19, 2018 at 11:16 am GMT

USDCHF recorded considerable losses after touching its highest since March 2017 of 1.0128 last Tuesday. Additionally, the pair hit a near two-week low of 0.9958 earlier on Monday and looks set to record its fifth straight day of declines. The short-term momentum turned to the downside as evidenced by the downward sloping RSI which entered bearish territory below 50. Immediate support to declines may be coming around 0.9952, the pair’s lowest since late October. Notice that the area around this was [..]

Technical Analysis – USDCHF bullish, trades near 20-month high

Posted on November 14, 2018 at 11:46 am GMT

USDCHF is trading close to Tuesday’s high of 1.0128, the pair’s firmest since March 2017. The short-term bias is clearly bullish, with the pair having recorded a remarkable rally from late September when it touched a multi-month low of 0.9541. Also attesting to the bullish momentum are the positively aligned Tenkan- and Kijun-sen lines. The Chikou Span though may be suggesting an overextended rally; a pullback in the near-term is not to be ruled out. Further advances could meet resistance [..]

Technical Analysis – USDCHF hits 2-week low; remains bullish in medium term

Posted on November 7, 2018 at 2:41 pm GMT

USDCHF extended Tuesday’s losses and is currently trading not far above a two-week low of 0.9952 hit earlier on Wednesday. The RSI turned lower after entering overbought territory above 70. At the moment, it continues to head lower in support of a negative short-term picture. The bias in the very-short-term also looks bearish as indicated by the stochastics: the %K and %D lines are negatively aligned and are both moving further down. Further declines may meet support around 0.9925, this [..]

US Open Preview – Pound holds firm ahead of Barnier’s Brexit speech

Posted on November 5, 2018 at 12:59 pm GMT

Here are the latest developments in global markets: FOREX: The dollar’s index against a basket of currencies reversed earlier losses to trade marginally higher on the day. The British pound continued to outperform on the back of rising hopes for a Brexit deal, though it reversed a considerable portion of earlier gains against both the dollar and the euro. Indicatively, GBPUSD traded below the 1.30 handle after previously hitting a two-week high of 1.3062. The UK came on the receiving end [..]

US Open Preview – Dollar holds up versus yen ahead of NFP job report

Posted on November 2, 2018 at 12:21 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen eased to 112.81 but remained up on the day (+0.12%) after rising as high as 113.10 early in the European session as investors were looking for details to confirm that the US President and the Chinese leader will attempt to reach a trade agreement at the G20 summit in Argentina later this month. This came after reports that the government heads had a constructive phone call yesterday, with China’s foreign [..]

US Open Preview – Pound cheers on Brexit optimism and BoE rate guidance

Posted on November 1, 2018 at 12:34 pm GMT

Here are the latest developments in global markets: FOREX: Pound pairs were trading notably higher early in the European session, benefiting on reports the EU and the UK have reached a tentative agreement to allow British financial services companies to have a continued access to European markets after Brexit. It should be kept in mind though that the UK’s Brexit negotiator said that “nothing is agreed until everything is agreed”. On the monetary policy front, all nine BoE policymakers voted to keep rates steady at 0.75%, while slightly lowering growth projections [..]

Technical Analysis – USDCHF takes the back seat after hitting 20-month highs

Posted on November 1, 2018 at 11:52 am GMT

USDCHF topped at 1.009 on Wednesday, at the highest since May 2017, but with the RSI in the four-hour chart fluctuating near its 70 overbought threshold in the past couple of days, chances for a downside reversal were high and thus the price pulled back today. The indicator is currently a shy above its 50-neutral mark, signalling that the market might consolidate in the coming sessions. Yet the MACD continues to weaken below its red signal line, suggesting that weakness [..]

Week Ahead – Inflation and flash PMI data to dominate; BoJ to leave policy unchanged

Posted on September 14, 2018 at 1:17 pm GMT

Economic data will move to the fore next week with several countries reporting inflation, retail sales and flash PMIs. Canada and the United Kingdom will publish CPI and retail sales figures, while in the Eurozone, the focus will be on the flash PMI releases by IHS Markit. Second quarter GDP figures out of New Zealand will be another highlight. Central bank activity will also keep the markets busy as the Bank of Japan and the Swiss National Bank hold policy [..]

European Open Preview – Yen advances as risk appetite falters; US jobs report coming up

Posted on September 7, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is marginally lower against a basket of six major currencies on Friday (-0.08%), ahead of the release of the all-important US payrolls report at 1230 GMT, where focus may once again fall primarily on the earnings figures. Safe-haven currencies like the yen and the Swiss franc rallied amid trade jitters, while the risk-sensitive aussie faltered, touching a fresh low last seen in early-2016 against the dollar. STOCKS: US markets closed lower for [..]

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