USDCHF

US Open Preview – Dollar gains on tax reforms momentum; stocks climb on tech recovery

Posted on December 7, 2017 at 12:29 pm GMT

Here are the latest developments in global markets: Forex: The dollar index moved higher to a fresh two-week high of 93.73 (+0.13%) as a layer of uncertainty was removed after the US Senate Republicans and the House of Representatives agreed yesterday to continue talks on tax reforms. However, risks remain on the side of the government budget which expires on Friday midnight. Dollar/yen was last seen at 112.70 (+0.37%), dollar/swissie was trading at a two-week high of 0.9922, while dollar/loonie [..]

US Open Preview – Dollar gains as tax reforms wave on the horizon; stocks climb on tech recovery

Posted on December 7, 2017 at 12:13 pm GMT

European Open Preview – Aussie sinks on GDP miss; BoC decides on rates

Posted on December 6, 2017 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar weakened against its major counterparts on Wednesday as unless a deal is reached the government will run out of funds on Friday. This is spreading fears of a partial government shutdown. The pound was under pressure amid weakening hopes for progress on Brexit talks and on reports of a failed plan to kill the UK Prime Minister. The aussie tumbled in the wake of disappointing GDP growth figures and the kiwi surged [..]

Forex Market Review (European Session) – Pound falls after Hammond downgrades economic outlook; euro rebounds as eurozone consumer confidence surprises to the upside

Posted on November 22, 2017 at 4:35 pm GMT

The British Budget for 2018 was the main focus during today’s European trading session, while a strip of economic releases out of the US also attracted some attention. The pound posted short-lived losses after British official budget forecasters downgraded the country’s economic outlook, while the dollar dipped into losses after strong flash readings on eurozone confidence activated euro bulls. The British Finance Minister, Philip Hammond, delivered the UK’s budget statement for 2018 in the Parliament on Wednesday, announcing that official GDP forecasts were lowered for the [..]

Forex Market Review (European Session) – Euro fails to rebound after Draghi’s dovish words; pound gains on Brexit hopes

Posted on November 20, 2017 at 4:22 pm GMT

Political noise in Germany continued to draw markets’ attention during the European trading hours as the economic calendar was lacking major releases and any progress on the US tax reforms was expected only after the Thanksgiving holidays. The euro was on track to erase losses made in the previous session but dovish remarks by the ECB President pressured the currency. The dollar was in the green during the session while the pound drifter higher as hopes on Brexit negotiations moving [..]

Forex Market Review (Asian Session) – Dollar struggles as Mueller subpoenas Trump’s campaign; safe havens jump on risk aversion

Posted on November 17, 2017 at 9:32 am GMT

The dollar opened weaker on Friday in Asia on news that several officials from Trump’s campaign were subpoenaed for Russia-linked documents despite markets relief on the US tax story after lawmakers approved the tax plan in the House of Representatives. Consequently, investors turned risk-averse during the session, pushing the safe-haven assets higher. According to the Wall Street Journal on Thursday, the Special Counsel, Robert Mueller, who has been appointed to investigate possible Russian meddling in Trump’s 2016 campaign, issued subpoenas to more than a dozen [..]

Forex Market Review (European Session) – Dollar flat as US House puts tax plan to vote; pound steady after retail sales surprise

Posted on November 16, 2017 at 4:26 pm GMT

Major currencies were moving sideways during the European session on Thursday as investors were widely anticipating whether Republicans would pass their tax code in the House of Representatives later today. Economic releases out of the Eurozone, the US, the UK, and Canada were also in focus but had a moderate impact on the markets. The US lawmakers were preparing for a crucial vote on tax reforms in the House of Representatives on Thursday after 1830GMT, with Republicans feeling confident that [..]

Forex Market Review (Asian Session) – Kiwi rallies as RBNZ signals faster inflation; aussie climbs on Chinese inflation

Posted on November 9, 2017 at 8:33 am GMT

The kiwi recorded a strong rebound on late Wednesday, flying to a two-week high after the RBNZ left rates unchanged but raised expectations that future hikes might emerge earlier than anticipated. The aussie posted some gains early on Thursday as China, Australia’s main export partner, released stronger than projected annual CPI figures. As it was mainly expected, the RBNZ policymakers decided to keep rates steady at a record low level of 1.75%. However, what pushed the kiwi higher was a statement highlighting that [..]

Forex Market Review (Asian Session) – Dollar weaker on possible tax cut delay; kiwi steady ahead of RBNZ meeting

Posted on November 8, 2017 at 8:55 am GMT

The dollar opened weaker in Asia as traders were concerned about a potential delay in the implementation of a corporate tax cut, while they also turned cautious on US-North Korea political developments after Trump delivered a warning message to North Korea. The kiwi stood flat ahead of the RBNZ policy meeting starting later today. A report by the Washington Post on Tuesday raised questions about the progress of the US tax legislation and hence pressured the dollar. The relevant article stated that Senate Republicans were considering a [..]

Technical Analysis – USDCHF looking bullish in the short- and medium-term; pair trades around parity

Posted on November 6, 2017 at 8:28 am GMT

USDCHF has been in an upward path after reaching a 26-month low of 0.9419 on September 8. The pair has reached and has been trading around the parity level (1.00) in recent days. The Tenkan-sen line being above the Kijun-sen line is a positive alignment pointing to bullish momentum in the short-term. The RSI adds to the view for positive momentum as it has been rising over the last number of days. Notice though that the indicator is currently at [..]

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