USDCHF

Technical Analysis – USDCHF turns neutral in short term; outlook still bearish

Posted on August 10, 2017 at 10:52 am GMT

USDCHF has rebounded from near two-year lows of 0.9438 set in July to a 7-week high of 0.9772 this week, climbing back into the Ichimoku cloud. However, it’s ascent into the cloud was cut short after the pair found resistance at the 100-day exponential moving average. It has since dropped back below the cloud, with the bottom of the cloud currently providing resistance around the 0.9655 area. The RSI has fallen to around the 50 mark, pointing to a neutral [..]

Forex Market Review (Asian Session) – Lingering US-North Korea tensions continue to constrain markets, kiwi falls on RBNZ

Posted on August 10, 2017 at 7:44 am GMT

Intensifying turmoil between the US and North Korea continued to strain forex markets across the globe and to lift demand for assets perceived as safe havens for the second day. The yen and gold continued rising, while the Swiss franc took a breather against the dollar (last trading at 0.9660 francs) and the euro, but kept most of its yesterday’s hefty gains. North Korea went further with its threat to the US by providing detailed plans about how it plans to launch missile [..]

Forex Market Review (European Session) – Safe havens benefit on geopolitical uncertainty; dollar touches 3-week high

Posted on August 9, 2017 at 3:07 pm GMT

Rising tensions between North Korea and the US led traditional safe havens to post gains today. Meanwhile, the few data releases during the day failed to cause much of a reaction in currency markets. The Swiss franc, which as of recently was hitting headlines on continuing weakness, surged today on the back of safe haven demand. In particular, euro/franc fell to as low as 1.1259 after starting the day at 1.1447. It was last down 0.9% on the day. Dollar/franc [..]

Forex Market Review (Asian Session) – Safe-haven assets gain on escalating US-North Korea geopolitical turmoil

Posted on August 9, 2017 at 7:44 am GMT

Geopolitical woes between the US and North Korea escalated overnight following announcements by the presidents of both countries. In response, safe-haven assets such as the yen, Swiss franc and gold strengthened overnight. The dollar index was moderately down ahead of European trading. The escalating situation commanded the news flow during the Asian session, overshadowing other economic developments of significance for forex markets. North Korea announced that its leader Kim Jong Un was weighing a possibility to strike the US Pacific territory of Guam [..]

Forex Market Review (European Session) – Dollar edges up in quiet trading; euro unmoved by flash CPI data

Posted on July 31, 2017 at 3:00 pm GMT

Major currencies were steady in European trading on Monday as risk aversion and central bank meetings later in the week kept investors on the sidelines despite some key data releases. The US dollar inched higher against most other currencies but was weaker against the Japanese yen. The euro saw a mixed response to flash inflation numbers out of the Eurozone, while the pound held near last week’s 10-month highs ahead of ‘Super Thursday’. Fresh geopolitical tensions gave rise to some [..]

FX Daily Outlook | 21-07-17

Posted on July 21, 2017 at 9:12 am GMT

[..]

Technical Analysis – USDCHF bearish; challenges yesterday’s 14½-month low

Posted on July 21, 2017 at 7:05 am GMT

USDCHF recorded a fourteen-and-a-half-month low of 0.9492 during yesterday’s trading. Today the pair has been edging lower and currently trades in proximity to yesterday’s low. The bias is clearly tilted to the downside – the MACD is negative as well as below the red signal line, while RSI is well into bearish territory at 32 and keeps heading lower. Notice that RSI is close to oversold levels. If the price reverses course, resistance could be met around 0.96, a potential [..]

Technical Analysis – USDCHF consolidates near 8-month low; bearish bias in place but softer

Posted on July 13, 2017 at 7:39 am GMT

USDCHF has followed a downward path since the middle of December when it managed to peak above the psychological level of 1.000 for the second time in 2016. Currently, the price is hovering around the 8-month low of 0.9551, reached in the end of June, but the short-term bias is less bearish now. After the pair crossed below the 50-day and the 200-day moving average (MA) on May 15, the RSI broke into bearish area, while the MACD deepened into negative territory, pointing to a [..]

Forex Market Review (European Session) – Dollar tumbles to 7-month low versus euro after big NFP miss; gold surges

Posted on June 2, 2017 at 3:03 pm GMT

Most major pairs were mostly range-bound until the big moves after the all-important US non-farm payrolls report. Despite a drop in the unemployment rate to a 16-year low of 4.3%, this was not enough to make up for the huge miss in the non-farm payroll number, causing a big tumble in the dollar. During the month of May, a mere 138,000 new jobs were added to the US economy, versus an expected 185,000. Adding to the disappointing headline number, the [..]

Investment Theme – End of Trump rally boosts safe havens but is it too early to bring out the bears?

Posted on May 18, 2017 at 3:02 pm GMT

The latest controversy in the White House appears to have been the nail in the coffin for the Trump rally that gripped the markets when Donald Trump unexpectedly won the US presidential election on November 8. The Trump campaign’s promises of big tax cuts, massive infrastructure spending and deregulation boosted equities not just in the US but globally too, and led investors to anticipate a faster pace of rate increases by the Fed due to the potential lift to economic [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms