|Day's Range||0.979 - 0.981|
|52 Week Range||0.9776 - 1.0480|
The U.S. dollar on Tuesday gains ground against most of its major trading partners, hitting an intraday 22-month high.
Emerging-market currencies on Monday kick off the weak on the back foot, with the Turkish lira dragging major EM currencies lower on Monday.
The dollar started the year under pressure because investors thought the Fed would turn a little a dovish, while the rest of the major central banks would continue on a path toward higher interest rates. However, as the global economy began to weaken, the major central banks turned dovish.
Sterling recovers while Euro touches two-week high amidst uncertain Brexit. Major Currencies benefitted from the Greenback slump. Oil prices jump underpinned by latest OPEC news.
U.S. dollar pared an early loss after fourth-quarter economic growth turned out to be stronger than expected. Havens like the Swiss franc and Japanese yen, meanwhile, retraced the gains logged amid risk-off impulses from the U.S.-North Korea summit in Vietnam. U.S. gross domestic product slowed to 2.6% between October and December, compared with 3.4% in the third quarter but the expansion, nevertheless, beat consensus estimates of 1.9% and may have alleviated investor worries about a more sluggish U.S. data.
The U.S. dollar spends Tuesday’s session in negative territory, snapping an eight-day winning streak as investors turn their attention to details in the U.S.-China trade spat.
The Swiss franc suffers a sudden drop across the board during Monday’s Asian trading session, seemingly out of nowhere. Here’s what happened.
The U.S. dollar adds to its recent winning streak, strengthening against rivals across the board, despite the chance of the renewed partial government shutdown looming in the background.
A second consecutive daily positive closing by the EURUSD still fall short of clearing the 100-day SMA barrier, which in-turn highlights the importance of 1.1340 and the 1.1300 supports. Should the pair drops beneath 1.1300, the 1.1260 and the 1.1215 are likely following numbers to gain sellers attention as break of which can drag the quote to 61.8% FE level of 1.1080. In case the pair manage to cross the 1.1450 SMA hurdle on a daily closing basis then a downward sloping trend-line, at 1.1530, near to 200-day SMA level of 1.1580, may flash on the chart. ...
USDCHF’s pullback from 0.9935 can’t be considered as a sign of its strength unless the pair clears 1.0005-10 horizontal-region on a daily closing basis, which in-turn highlights the importance of 50-day SMA level of 0.9920 and 0.9900, including 200-day SMA as immediate supports. However, pair’s declines past-0.9900 might not hesitate recalling the 0.9860 and the 0.9800 on chart. In case prices rally beyond 1.0010, the 1.0040 and the 1.0085 could quickly appear as quote. Additionally, pair’s successful rise above 1.0085 can flash 1.0130 on buyers’ radar.EUR/CHF
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.
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.