The euro-Swiss franc pair is trading at a three-year high, close to the floor the Swiss National Bank abandoned back in January 2015. The euro-franc pair (EURCHF) rallied to a session high of 1.1994 francs on Wednesday, its best level since January 2015, when the Swiss National Bank removed the floor of 1.20 it had set for the franc versus the shared currency, and instead allowed the pair to trade freely. Part of the reason behind originally instituting this peg was to protect the Swiss franc from being inflated as the European Central Bank gobbled up European assets as part of its quantitative-easing program.
Investing.com – Gold prices were slightly higher on Thursday while the U.S. dollar steadied amidst higher U.S. 10-year treasury yield.
Investing.com – Cryptocurrencies’ prices gained on Thursday. Cambridge Analytica, the company behind the recent Facebook data scandal, is planning to develop its own digital currency, reports on Wednesday revealed.
Investing.com – The dollar was steady against other major currencies in Asia on Thursday morning. Market continues to eye the U.S.-Japan meeting that discusses the trade relations between the two countries to look for directional drivers for the greenback and the yen.
It was risk on through the Asian session, with equity markets rallying, a jump in commodity prices supporting the Aussie Dollar that managed to shake off weak stats early on, with retail sales the next hurdle for the Pound this morning.
April 19 (Reuters) - IHH HEALTHCARE BHD * ISSUED STRICTLY NON-BINDING LETTER TO BOARD OF FORTIS EXPRESSING IHH’S READINESS TO INFUSE UP TO INR 40 BILLION INTO FORTIS * INFUSION INTENDED TO FUND BUYING ...
Gold markets broke out above the $1350 level during the day on Wednesday, but then pulled back to look for support. We did find it there, so I think that we could continue to see an upward move. However, keep a lot of caution in your trading plans as gold tends to be very noisy.
The US dollar initially rallied against the Japanese yen only to pull back towards the 107 level on Wednesday. However, signs of stability are coming back to the market as the Americans take the baton from the Europeans.
The US dollar initially tried to rally against the Canadian dollar during the session on Wednesday but found the 1.26 level to be a bit too resistive.
The New Zealand dollar fell rather significantly at the open on Wednesday, reaching down to the 0.73 level. That area offered enough support to turn things around though, and as I record this we are trying to find our way higher.
The British pound broke down significantly from the 1.43 level, reaching down to the 1.4175 level before bouncing on Wednesday. This has been a very violent session, and it looks as if the recovery suggests that we are going to continue to go towards the 1.43 level again.
The British pound fell against the Japanese yen in early Wednesday trading, dropping down to the 152.00 region. We did bounce from there quite significantly though, and although this has been a very negative turn of events, I think looking around the Forex world, the British pound is trying to make a stand.
The EUR/USD pair has pulled back slightly during the trading session on Wednesday, testing the 1.2350 level, and an area that has been massively resistive in the past. I think this shows that we are ready to continue going higher, perhaps reaching towards the vital 1.25 level above.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.