|Day's Range||1 - 1.009|
|52 Week Range||0.9189 - 1.0127|
Weekly closing beyond 1.0045 wasn’t enough for the USDCHF to register its strength as 1.0105-15 horizontal-region still stands tall to challenge the buyers, which if broken can escalate the pair’s rise to 1.0170 and the 1.0215 prior to highlighting the 1.0250 upside barrier. Given the successful price rally above 1.0250, the 1.0340 and the 61.8% FE level of 1.0550 may gain market attention. Alternatively, a W1 close beneath the 1.0045 could recall the 0.9980 and the 0.9900 as on the chart. During the pair’s extended downturn below 0.9900, the 0. ...
Moody's Investors Service (Moody's) today assigned an A1 rating to Banco de Chile's CHF115 million fixed-rate senior unsecured notes maturing on 21 November 2023. The rating has a stable outlook. The notes ...
Recent price action in the U.S. dollar is showing another attempt to make a clear break above parity against the Swiss franc. On several occasions, traders bullish on the USD/CHF have failed in their attempts to move into these areas. Since last November, this is the fourth time the USD/CHF currency pair has tried to overcome these resistance levels. But most of the evidence suggests that this most recent attempt could be stronger in terms of its directional influence on the longer-term timeframes. All of this prior activity has created a triple-top formation on the daily charts, and so a clear break higher from current levels would mark a highly bullish event for those long USD/CHF.
In this piece, we will describe the situation on the EURCHF, where a week ago, we were waiting for the buy signal. Usually, you need to wait for the proper signal. The price broke the lower line of the flag and the short-term horizontal support.
Moody's Investors Service has revised to negative from stable the rating outlook of New Hope Cultural Education Facilities Finance Corporation. Concurrently, we have affirmed the Baa3 rating on the Student Housing Revenue Bonds (CHF - Collegiate Housing College Station I, L.L.C. - Texas A&M University Project) Series 2014A. The affirmation of the underlying Baa3 rating reflects the strong affiliation between CHF-Collegiate Housing College Station I, L.L.C (the borrower) and Texas A&M University System (Aaa stable), which manages and actively markets the on-campus, student housing project known as White Creek Apartments, and also considers the Projects four year operating history.
During the first part of the day, we could experience a significant weakness of the Greenback and the second half of the day, brought us a proper rise in the value of the American currency. Thanks to this, DXY, Dollar Index is giving us a sweet buy signal. A similar setup can be seen on the USDCHF chart, where the price created the Head and Shoulders pattern.
The Swiss government and the Swiss National Bank see the franc currency as highly valued, the cabinet said on Wednesday after its annual meeting with SNB Chairman Thomas Jordan. "Overall, the global economy continues to develop robustly, and the economy is also in good shape in Switzerland. "Inflation remains low and the situation on the foreign exchange market is fragile.
Generally speaking, October for the EUR was pretty bad. We are not talking here only about the main pair (with the USD) but about the broad market. The fortune may be changing though. The pair, where we can see the ray of light is the EURCHF.EURCHF Daily Chart
Moody's Investors Service has placed the Baa3 rating on New Hope Cultural Education Facilities Finance Corporation's Student Housing Revenue Bonds (CHF - Collegiate Housing Galveston I, L.L.C - Texas A&M University at Galveston Project) Series 2014 A under review for possible downgrade due to uncertainty following the disclosure that the project's Fall 2018 occupancy would not meet projections.
Early-month risk-on moves recently helped the AUD to recover some of its latest losses and AUDUSD is no exception to this as it crossed 0.7145-40 region; however, the pair needs to sustain the breakout in order to aim for 0.7200 and the 0.7235-40 resistance-area. Given the quote continue rising past-0.7240, the 0.7260 & 0.7300 are likely following numbers to appear on the Bulls’ radar to target. If at all prices fail to hold their strength and slide beneath 0.7140, the 0.7120 & 0.7100 can come-back on the chart. Assuming the pair’s extended downturn below 0.7100, the 0. ...
In order to understand the risks presented by the Italian economy, it is important to recognize why the situation in 2018 is so familiar to what we witnessed in 2011. Can Italy be the next Greece?
Rising global trade tensions could buffet the Swiss franc, Swiss National Bank Chairman Thomas Jordan warned on Wednesday, adding Switzerland would be among the countries hardest hit if full-scale trade war broke out. If higher tariffs made consumers and producers expect steadily rising prices, this could force central banks to tighten monetary policy to head off inflationary risks, Jordan said. The tensions could have an impact on the Swiss franc, he said, although how the safe-haven currency would react would be difficult to predict.
Failure to cross 100-day SMA seems fetching the EURUSD towards 1.1300-1.1285 support-zone, which if broken highlights the importance of 1.1210 rest-point. In case the pair continue trading southwards past-1.1210, the 1.1180 and the 1.1100 are likely following numbers to appear on the chart. Alternatively, the 1.1430, the 1.1500 and the 1.1530 may keep restricting the pair’s near-term upside, breaking which 100-day SMA level of 1.1600 can please the buyers. Assuming the pair’s D1 close beyond 1.1600, the 1.1655-60 and the 1.1750 could play their roles of resistances.GBP/USD
Swiss online pharmacy Zur Rose Group (ROSEG.S) said it was proposing an ordinary capital increase of 200 million Swiss francs(156.15 million pounds)to finance its recently announced acquisition of the mail-order activities of German peer medpex. The capital increase will be conducted through a rights offering and existing shareholders will receive rights pro-rata to their shareholding to subscribe for the new shares, said Zur Rose, which listed on the Swiss stock exchange last year.
The 1.6 PCE reading puts inflation back below the Fed’s 2-percent goal which means it may alter its plans to raise rates in December or as many as three times in 2019. Some analysts are saying the Fed rate hikes may become more gradual. Instead of raising rates once a quarter, it may now decide to raise rates once every three meeting.
The Japanese yen and Swiss franc rose on Thursday as investors sought safety following a wave of selling across stock markets, although moves in currency markets were modest and suggested investors were far from panicking. The euro also gained, recovering from two month lows hit on Wednesday and ahead of a European Central Bank monetary policy meeting later on Thursday.
Moody's Investors Service has downgraded the New Hope Cultural Education Facilities Finance Corporation's (TX) Student Housing Revenue Bonds (CHF-Collegiate Housing Island Campus, L.L.C. - Texas A&M University-Corpus Christi Island Campus Project) Series 2017A and Taxable Series 2017B to Ba1 from Baa3. The rating reflects the expectation of pressured financial performance for the fiscal year ending June 30, 2019 and we believe that at current occupancy and advertised rent levels coverage could get close to 1.0x debt service coverage. The rating also considers the project's strong affiliation with the Texas A&M University - Corpus Christi, a member institution of Texas A&M University System (Aaa stable) and strong management by American Campus Communities.
Money manager GAM Holding AG (GAMH.S) suffered a 17.7 billion Swiss francs (14 billion pounds)slump in the value of its assets after the suspension of a top asset manager prompted investors to withdraw billions of francs from its funds, the company said on Tuesday. Investors withdrew a net 8.1 billion francs in the third quarter after the group suspended absolute return bond fund (ARBF) director Tim Haywood while it investigated possible misconduct. It also liquidated 7.7 billion francs in funds he managed, and together with usual market effects, group assets under management fell overall by 17.7 billion francs to 146.1 billion as at Sept. 30.
U.S.-China trade relations remain the focus for traders. Things heated up somewhat on Monday when a Chinese official told American Investors at a meeting that Beijing did not “fear” a trade war with Washington.
Adding to the dollar’s weakness was the consolidation of Treasury yields. After yields surged to multi-year highs last week, the rise in yields has subsided, reducing demand for the dollar. Gold improved on Tuesday, but the market posted an inside move, which typically indicates investor indecision and impending volatility. Traders said the gains were related to short-covering. New longs appeared to be scarce since the rally in the equity markets forced them to re-evaluate their reasons for being long. U.S. West Texas Intermediate and international-benchmark Brent crude oil futures settled higher on Tuesday after the American Petroleum Institute reported a surprise crude oil draw.
A Commerce Department report on Monday showed that U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.
The U.S. dollar was on the defensive on Tuesday after weak retail sales data, with the safe-haven yen and Swiss franc benefiting from tensions between the West and Saudi Arabia and amid a standoff on Brexit talks over Britain's plan to exit the EU. Michael McCarthy, chief market Strategist in Sydney, said the Japanese yen was the biggest winner in overnight trade. The Japanese yen was changing hands at 111.84 on the dollar, near its one-month high of 111.61 hit on Monday.
Geopolitical noise is the focus of foreign exchange investors on Monday, leaving havens like Japan’s yen and Switzerland’s franc among the best performers, while the U.S. dollar struggles.