USDCHF

Forex Market Review (European Session) – Dollar slumps below 112 yen as gold surges; euro and pound extend gains

Posted on May 17, 2017 at 3:04 pm GMT

The US dollar remained under pressure in European trading on Wednesday as the political turmoil in the United States continued to dampen risk sentiment. The yen and the Swiss franc, along with gold, were the main winners from the risk aversion generated by the latest political uncertainty. The euro meanwhile held near its earlier highs and the pound also advanced higher versus the greenback. According to confirmed reports, a memo written by the then-FBI Director James Comey reveals President Donald [..]

Forex Market Review (European Session) – Dollar hits 8-week high versus yen, boosted by strong JOLTS data; aussie falls further after budget

Posted on May 9, 2017 at 3:01 pm GMT

The Australian dollar and the yen were some of the worst-performing major currencies today on improving risk appetite in the markets. The US dollar gained for a second day relative to a basket of major currencies on rising expectations for a June Fed rate hike and solid JOLTS data. The greenback rose for the third day against the yen to hit an eight-week high of 114.21 yen during the European session. Rising US bond yields have had an impact on [..]

Forex Market Review (European Session) – Euro pulls back from 6-month highs; Sterling holds within sight of $1.30

Posted on May 8, 2017 at 2:55 pm GMT

The euro’s relief rally from the French presidential result faded in European trading on Monday as profit taking set in, while the safe-haven yen recovered from its earlier weakness. The US dollar also gave up its earlier gains versus the yen but was firmer when measured against a basket of currencies. The single currency hit a 6-month high of 1.1022 dollars at the Asian open but had retreated to 1.0940 by late European session. A win for the centrist candidate [..]

Technical Analysis – USDCHF declining; pair approaches 1-month low from late April

Posted on May 3, 2017 at 10:02 am GMT

USDCHF has fallen since the day’s open. The pair is currently close to the April 28 one-month low while it is further distancing itself from the 50- and 200-day moving averages (MAs) on the downside. Technical indicators, including the RSI and MACD, are pointing to a bearish short-term sentiment. Specifically, RSI is at 36, well below its neutral level of 50. The MACD histogram is negative and below the red signal line. Adding to the above and as regards the [..]

Technical Analysis – USDCHF bearish bias as the pair hits one-and-a-half month low

Posted on March 22, 2017 at 11:47 am GMT

USDCHF hit a fresh one-and-a-half month low in today’s trading while it is also currently down for the day. Looking at the Ichimoku analysis, the Tenkan-sen line (red) recently crossed below the Kijun-sen (blue). This is a short-term negative alignment which is reinforced by the fact that the RSI indicator is currently in bearish territory at 37. The current level of the Tenkan-sen and the cloud bottom, which roughly coincide with the key parity level, are likely to act as [..]

Week Ahead – Fed expected to raise rates, but BoJ, BoE to hold fire

Posted on March 10, 2017 at 4:31 pm GMT

With a number of central bank meetings lined up next week, the US Federal Reserve is the only one that’s expected to make a move. Central bank meetings in Japan, Norway, Switzerland and the UK may end up being a non-event as all eyes will be on the FOMC’s updated rate projections. The US will also dominate in terms of data as inflation and retail sales numbers are due to be published. Bank of Japan to stand still as further [..]

European Session – Dollar advances despite worsening trade gap

Posted on March 7, 2017 at 4:13 pm GMT

The dollar was broadly stronger today relative to major counterparts though, with the exception of pound / dollar, its gains were moderate and evenly spread. US and Canadian trade data, as well as Eurozone GDP numbers were on investors’ radar today. US trade data for January showed that the trade deficit rose to a near five-year high as increasing oil prices lifted the import bill for the US. This hints that net exports, a component in the calculation of GDP, would [..]

Technical Analysis – USDCHF negative trend still in place

Posted on January 31, 2017 at 10:41 am GMT

USDCHF has edged slightly higher in today’s trading so far. The pair yesterday marked an 11-week low. Despite today’s rise, technical indicators are pointing towards a negative sentiment for the pair over the short-term. The MACD histogram is below 0 and it has moved below the red signal line since mid-January. As regards the stochastics, the %K line is in bearish territory, while it just crossed below the slow %D line. All these are signals of down movement in the [..]

Daily Outlook | 17-01-17

Posted on January 17, 2017 at 10:18 am GMT

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Technical Analysis – USDCHF in short-term negative trend

Posted on January 17, 2017 at 8:35 am GMT

USDCHF has been experiencing losses throughout the day so far. The price at the time of writing is at 1.0065. Looking at the MACD indicator, it is in negative territory below the zero mark, while the red signal line crossed above the MACD histogram in late December, marking another negative signal that could indicate further price declines over the short term. As regards the stochastics, the %K line is at 24, while it has recently crossed below the slow %D line. [..]

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