|Day's Range||0.993 - 0.995|
|52 Week Range||0.9189 - 1.0127|
Having failed to sustain 100-day SMA breakout, the EURUSD now rests around 50-day SMA level of 1.1380, breaking which nine-week old support-line, at 1.1320, and the 1.1260 can reappear on the chart. In case prices continue declining under 1.1260, the 1.1215 and the 61.8% FE level of 1.1080 may gain sellers’ attention. Meanwhile, the 1.1475 comprising 100-day SMA, followed by the 1.1550 & the 1.1570 could confine the pair’s near-term advances prior to challenging the 1.1610-25 region including 200-day SMA. If at all the pair manage to provide a daily closing beyond 1.1625, the ...
In spite of dropping to the lowest levels in fifteen-weeks’ time, the USDCHF still bounced off the eleven-month long ascending support-line, at 0.9710, which together with near oversold RSI signal brighter chances of the pair’s pullback moves to 0.9790 & 0.9840 immediate resistances. Should the pair manage to conquer 0.9840 barrier, the 200-day SMA level of 0.9885, the 0.9915 trend-line resistance and the 0.9950, including 50-day SMA, can entertain the buyers. In case prices close beneath 0.9710, also dip under 0.9700 round-figure, on a D1 basis, the 0.9680, the 0. ...
Today, we will show You three very promising setups with the CHF, which yesterday got super strong but finishes this week on the back foot. First setup is on the USDCHF. Next one is the EURCHF, where the price is creating a hammer on the weekly chart.
Following its U-turn from 1.1490-1.1500 resistance-region, EURUSD bounced off the seven-week long ascending support-line, near 1.1295, which in-turn signal brighter chances for the 1.1400 and the 1.1420 to reappear on the chart. However, 100-day SMA level of 1.1480 and the 1.1490-1.1500 could confine the pair’s upside past-1.1420, if not then the 1.1560, the 1.1610 and the 1.1660, including 200-day SMA, might flash on Buyers’ radar to target. If at all the pair fails to sustain recent move and registers a daily closing under 1.1295, it’s drop to 1.1260 and 1. ...
The U.S. Dollar fell to its lowest level against a basket of currencies since November 20 on Monday, putting the index in a position to continue to retreat early in the new year. The index has been under pressure since December 14 when the Fed announced it was reducing the number of potential rate hikes in 2019 from 3 down to 2.
The U.S. dollar weakens early Monday in New York, but is on track to log its best annual return in three years in a period marked by worries about global tariffs, softening international growth and a Federal Reserve that has appeared dogged in normalizing interest-rate policy.
Investors took shelter in the Yen despite soft domestic data, a decline in benchmark Japanese bond yields and dovish remarks from the Bank of Japan. Money also flowed into the Swiss Franc which suggests investors were taking some insurance against extended volatility in the stock market.
Stock-market volatility saw major U.S. indexes post their best percentage gains since 2009 the day after Christmas, just after notching the worst decline in history in the trading session before Christmas. “The roller coaster in U.S. equity markets at what’s usually a quiet time of year continued on Thursday…The FX market had a more risk-averse takeaway with the Swiss franc leading and Australian dollar lagging,” wrote Adam Button at Intermarket Strategies. With only one trading day left in the year, it has so far gained 4.6% in 2018.
Safe-haven currencies like the Japanese yen and the Swiss franc were set for big gains against the dollar on Friday as investors cut positions in risky assets after a volatile week and growing concerns about U.S.-Chinese trade disputes. The Swiss franc in particular is on track for its biggest weekly rise in nearly four months, up 1.5 percent this week in thin year-end trading that has sapped appetite for risk. "This looks like a classic risk aversion trade in currency markets," said Thu Lan Nguyen, an FX strategist at Commerzbank in Frankfurt.
The Japanese yen gained half a percent against the dollar on Friday as investors cut back positions in risky assets after a volatile week in global stock markets and as concerns grow about a trade dispute between United States and China. Traditional barometers of caution in the currency markets such as the yen and the Swiss franc are poised for a big week of gains as volatile markets in thin year-end trading have marred appetite for risk.
The yen and the Swiss franc rose on Friday, as investors sought shelter in safe-haven assets due to renewed U.S.-China trade tensions and weaker-than-expected data in those two economies that revived global growth fears. Data showing consumer confidence at its weakest in more than three years in the United States, as well as an unexpected drop in industrial profits in China, provided a stark reminder to investors of the deteriorating global growth outlook.
The safe-have yen and the Swiss franc rose on Friday after a brief pullback earlier in the week, as renewed U.S.-China trade tensions and weaker-than-expected data in those two economies revived global growth fears. Reuters reported on Thursday that the Trump administration was considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using Huawei Technologies and ZTE products. Trade tensions between the world's two largest economies have been one of the biggest drivers of risk this year, though Washington and Beijing earlier this month agreed to a 90-day ceasefire in their tariff dispute while they try to negotiate a durable deal.
* Investors rethink risk as stock market rally falters * Trump mulls ban on China's Huawei, ZTE products -sources * China industrial firms' profits drop, 1st time in 3 years * Commodity currencies slump vs dollar as oil prices fall * GRAPHIC-World FX rates in 2018: http://tmsnrt.rs/2egbfVh (Updates market action, adds quote) By Saqib Iqbal Ahmed and Richard Leong NEW YORK, Dec 27 (Reuters) - The yen and Swiss franc rose on Thursday as traders embraced the safe-haven currencies as trading on Wall Street turned volatile after data showed a deterioration in U.S. consumer confidence. "Everyone is getting leery with this kind of market volatility this time of the year," said Joseph Trevisani, senior analyst at FXStreet in New York.
The U.S. dollar weakens on Thursday, nearly erasing its Boxing Day gains, while haven currencies strengthen, amid a fresh retrenchment in risk appetite a day after stock markets staged a historic burst higher.
The greenback advanced against commodity-linked currencies as oil prices fell toward 18-month lows on oversupply. The drop in risk appetite prompted investors to pile into low-yielding currencies, Minh Trang, senior FX trader at Silicon Valley Bank in Santa Clara, California, said.
CURRENCIES The U.S. dollar climbed Wednesday, recovering some from its pre-Christmas Day slide. Many financial markets were closed on Tuesday for Christmas. European markets remained closed on Wednesday, as well, for Boxing Day.
A fortnight old ascending trend-line presently challenges EURUSD sellers around 1.1380, which if broken can quickly drag the quote to 1.1330 and then the 1.1300 but the 1.1270-65 horizontal-line could confine the pair’s following downside. In case the pair continue trading southwards past-1.1265, the 1.1215 and the 1.1200 may flash on the chart. Alternatively, the 1.1425 and the 1.1445-50 might restrict the pair’s near-term advances prior to highlighting the 1.1480-1.1500 resistance-region, comprising 100-day SMA on D1. If at all buyers conquer 1.1500 mark, the 1.1550, the 1. ...
Dec 25 (Reuters) - Shanghai Moons' Electric Co Ltd : * SAYS IT AGREES TO BUY SWISS FIRM TECHNOSOFT MOTION AG FOR 31.2 MILLION SWISS FRANCS ($31.62 million) Source text in Chinese: https://bit.ly/2V9akYj ...
The Japanese yen and the Swiss franc gained on Monday, thanks to safe-haven buying as sentiment in financial markets remained fragile on heightened worries over political instability in the United States and fears of a global economic slowdown. Trading volumes were thinning out with most global markets set to shut for Christmas, while Japan was closed on Monday for a holiday. There was hardly any appetite among investors to take on risk, with a deteriorating outlook for global growth leaving stocks hurtling down for their worst quarterly performance since 2008.
Multiple failures to rise past the 1.0000-1.0005 region highlights the importance of short-term ascending trend-line, at 0.9900, for USDCHF traders, which if broken can quickly drag the pair to 0.9880 and then to the 0.9860 supports. However, 61.8% FE level of 0.9825 and the 0.9800 round-figure may restrict the pair’s further declines. On the upside, the 0.9960 and the 0.9985 could serve as immediate resistances for the pair before diverting market attention to 1.0000-1.0005 area for one more time. Assuming the pair’s ability to cross 1.0005 mark, the 1.0050, the 1.0080 and the 1. ...
Moody's Investors Service ("Moody's") has confirmed the existing rating at Baa3 and revised to negative the underlying rating outlook of New Hope Cultural Education Facilities Finance Corporation, TX's Student Housing Revenue Bonds (CHF - Collegiate Housing Galveston I, L.L.C. - Texas A&M University at Galveston Project), Series 2014A. In October 2018, the project reported that the Fall 2018 had fallen to 87.1%. Although uncertainty remains regarding future occupancy levels, current financials indicate that debt coverage levels were at 1.22x for FY 2018 audited financials without replacement reserves (with replacement reserves added the debt service coverage was 1.17x).
Investing.com - The U.S. dollar slid lower against a currency basket on Tuesday ahead of this week's Federal Reserve meeting while the yen remained supported amid concerns over the outlook for global growth.
The U.S. dollar weakens versus it major rivals as investors get ready for a flurry of monetary-policy decisions in a data-heavy week.