Post Tagged with: "USD/CHF"
5 Most Predictable Currency Pairs
Not all currency pairs were born equal regarding technical analysis. Some tend to slow down and halt when getting close to a distinctive line of support or resistance. And if the distinctive line is breached with strong momentum, the break is clear and convincing, with the pair leaving dust behind it and never looking back.
Portugal; at the cliff-edge?
Events over the past 24 hours have served to highlight the institutional short-comings of the single currency that we’ve highlighted before. Firstly, Portuguese prime minister Socrates has resigned, failing to secure further austerity measures. As such, an early election looks inevitable, as does a bail-out from the EU. Secondly, all indications are that the EU
UN Authorizes Air Strikes in Libya – Oil and Forex Implications
The UN Security Council just voted for implementing a no-fly zone in Libya and for authorizing air strikes against the forces of Gaddafi. This will have consequences for oil, the US dollar, the Japanese yen and the Swiss Franc. Update on this important geo-political development. 10 members voted for the decision, and 5 abstained. The
USD/CHF Eyeing New Lows
Usd/Chf moved lower in recent hours, actually since the Consumer Price Index numbers came out +0.4% as Swiss Statistics reported. The pair lost almost 100 pips from recent 0.9370 highs. In fact, this move lower appears to be only a start of an impulsive decline headed towards the previous lows. Guest post by Gregor Horvat
Greenback With Its Back Against the Wall
The US dollar index is at the lowest level since the height of the financial crisis in November 2008. The chart below shows that the next support line isn’t too close. While USD/CHF is at all time lows and precious metals are at record highs, the Euro is hesitating in joining this extreme dollar weakness.
Forex Market Interview with Senior Currency Strategist, John Kicklighter from DailyFX
We are pleased to share a forex interview on this week’s major events and forex trends with the senior currency strategist at DailyFX.com, John Kicklighter. John specializes in combining fundamental and technical analysis with money management. John authors a number of regular articles forDailyFX.com, ranging in topics from basic fundamental forecasts for the G10 economies and
Fundamental Overview – Market Movers 11/29/2010
The greenback continued to show a lot of strength, making nice gains against the vast majority of major currencies last week,Only the New Zealand Dollar made a nice +0.6 percent gain versus the green note. The past week’s talk of defaults from Irish banks continued to some extent last week as the Irish financial crisis
Fundamental Overview Market Movers Last Week 11/22/2010
The U.S. Dollar continued trading higher against most of the major currencies last week, with the exception of the New Zealand Dollar which gained a rather modest+0.6 percent against the Greenback. The previous week’s rumors of an impending default of Irish banks materialized to some extent last week as the Irish financial crisis remained the
Fundamental Overview – Market Movers Last Week – 11/15/2010
The U.S. Dollar shot up against all the major currencies last week on renewed risk aversion due to the unstable debt situation of the financially weaker members of the European Union, with rumors about a pending Irish default swirling around the market. In addition, last week was the first week since early October that the
Fundamental Overview – Market Movers Last Week – 11/08/2010
The U.S. Dollar lost considerable ground against all the major currencies last week, with the exception of the Japanese Yen which lost -1.2% against the Greenback. The U.S. Dollar’s decline was attributed primarily to the release of QE II, the new quantitative easing measures announced by the U.S. Federal Reserve Bank with the intention of