Post Tagged with: "USD/CHF"
Forex Daily Analysis – Januray 12th 2009
Last week was full with economic data and with sharp moves in the Forex market. This week starts with small moves in the majors, but with significant drops in AUD/USD and NZD/USD. The ECB’s president, Jean Claude Trichet, will talk and impact the EUR/USD, currently trading at 1.3384. The British Pound will not receive any
Forex Daily Analysis – January 9th 2009
Non Farm Payrolls are published in the USA. This will affect all Forex market. More about Non Farm Payrolls. And before the NFP is published, the dollar is slightly waker today. USD/JPY and GBP/USD are moving against the dollar, while the EUR/USD and USD/CHF are rather stable. German Retail Sales were surprisngly good, with a rise
ADP Plummets – Dollar Falls
The ADP Non-Farm Employment Change fell by 693,000 jobs! This devastating number was far more than a drop of 495,000 that was expected. Following this bad news, the dollar fell against most currencies: EUR/USD at 3701, GBP/USD crossed the 1.50 mark and is now at 1.51, USD/CHF under 1.10 at 1.0924 and USD/JPY at 92.65. All
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
Forex Daily Analysis – January 5th 2008
The fresh and exciting Forex trading week began with a stronger US dollar. EUR/USD now trades at 1.3894, GBP/USD weakened to 1.4472, USD/CHF is now at 1.0784, and the USD/JPY is little changed, at 91.97. The escalating war in Gaza still dominates the news – Israeli ground operation is weighing on oil prices – something
Forex Daily Analysis – January 2nd 2009
The first forex trading session of 2009 began with a strengthening of the US dollar. The gains aren’t major. In Europe, the Manufacturing PMI in Europe came out even lower than the low expectations, at 33.9, an extremely low figure for the Manufacturing Purchasing Managers Index. The greenback gained ground against the Euro, EUR/USD currently at
Unemployment Claims Better Than Expected – Dollar Rises
Today’s Unemployment Claims in the USA were much better than expected – 492,000. It showed a significant drop from the numbers in the past few weeks, always above 550,000. It was also much better the Forex market’s expectations that were at 575K. This surprise is a sweet candy just before New Years. This figure send the
Forex Daily Analysis – December 31st 2008
The last day of 2008 is here. Markets are becoming thinner and thinner, as New Years celebrations get closer. Yesterday’s big news was the CB Consumer Confidence in the US, which is at a record low number of 38. Not only is it under 50 – which means contraction, it’s also well under the market’s expectations
Forex Daily Analysis – December 30th 2008
The Gaza conflict continues to dominate the news around the world: A ground offensive by Israel is due soon, after Hammas escalated rocket attacks. The price of oil is certainly moved by the voilence in the middle east. WTI Crude now trades at $40, after reaching $43. Oil prices will shake even more if the
Forex Daily Analysis – December 29th 2008
Trading in this short holiday week began with a drop in the rate of the USD. It weakened against almost all the currencies. EUR/USD jumped to 1.4339, USD/JPY is flirting again with the 90 mark, and also the USD/CHF dropped to 1.0433. The gains that the Swiss Franc made came despite of the KOF Economic Barometer