Post Tagged with: "GBP/CHF"
USD/JPY Vulnerable to the Downside, GBP/CHF Loses Upside Momentum
USDJPY: Vulnerable To The Downside Long Term. USDJPY: With attempts on the upside continuing to falter, the risk remains lower in the long term. With that said, further weakness is expected towards the 79.57 level, its May 05’2011 low on continued upside failures. Further down, support lies at the 78.00 level, its psycho level and
Oil Breaks Out of Triangle, Pressures Build on GBP/CHF
CRUDE OIL: Breaks Out Of Symmetrical Triangle. CRUDE OIL: The commodity’s continued struggle to form a bottom ended the past week following a break out of its triangle pattern pushing it through the 94.63 level. This technical development has left Crude Oil targeting further declines towards its Feb 21’2011 low at 91.27 with a break
GBP/CHF Lowest Level Ever
Pound/Swiss fell dipped below 1.50, down below the lowest level reached back in October, which matched the lows reached in the height of the financial crisis. Update on the cross
Pound Lags Behind
The British Pound stayed behind in the race to beat the greenback.New QE programs loom over the currency. GBP/USD is still in old ranges and some Pound crosses are in areas not seen in quite some time. GBP/USD reached a peak of 1.5998 at the beginning of August. Since then, it dropped and then recovered. While
Forex trading season!
John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com. Do you know the seasonal patterns which tend to play out in the forex markets? If so, then you were well positioned to take advantage of what
Not the Pound’s Darling (2)
Alistair Darling’s pounded the Pound once again. The “supertax” on bank bonuses distracted the markets for a short time, until the pre-budget was fully digested. The gloomy picture drawn in the report sent the Pound down across the board, a day before the rate decision
Get Carried To Profits With The Carry Trade
Guest Post by ForexTraders.com If you’re going to learn about just one market-moving catalyst when it comes to foreign exchange trading, history shows it should be interest rate decisions by the world’s major central banks that move currency market more than any other news event. The reasoning behind this is pretty simple. The forex market
Pounded by the King
The British Pound is falling on all fronts. Mervyn King released two Pound-bearish statements that the sent Pound way down, despite better than expected inflation figures. For GBP/USD, 1.6660 is live and kicking after all. Note the sharp falls against currencies as well: EUR/GBP, GBP/CHF and GBP/JPY. Mervyn King went to the Treasury Committee in parliament
USD/CHF Breaks Resistance on Firm SNB Decision
USD/CHF made a huge jump of over 300 pips immediately after the SNB firmly implied that the it wants the Swiss Franc down. The Swissy broke a major resistance line on the way, and is heading north very fast. The Swiss National Bank lowered the target Libor rate to 0.25%. That was widely expected. But
Dollar-Pound Strange Correlation
There is a strange correlation between the US dollar and the British Pound. The pound goes further than the dollar, whichever direction the dollar takes. Whenever the dollar rises – the pound rises as well – and also against the dollar. And whenever the USD weakens, GBP weakens even more. Today, Januray 5th has been