Analytics

Forex News

Forex

Small pullback likely in USD/CHF – Commerzbank

10:46 23 May /2016 Forex

Following the recent strong up move, there is room for a small retracement in the pair, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.

Key Quotes

USD/CHF has seen a dramatic rally higher over the past 3 weeks”.

“We have a TD perfected set up on the 240 minute chart and the intraday momentum indicators are overstretched - not enough for failure but enough for a small retracement”.

“Dips lower will find some support circa .9797 (22nd April high) ahead of last weeks low at .9663. Key support is the .9444 recent spike low”.

to other news

all news
PIRA: Saudi Arabia tells oil buyers of cuts after OPEC deal - RTRS Dhwani Mehta

According to a PIRA note published late-Thursday, Saudi Arabia informed its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, Reuters reports.PIRA adds in its note that cuts will be to varying degrees, but is likely to be larger to North America due to l

08:23 09 December /2016 Forex

RBNZ: Zero chance of a change in the OCR during the next four meetings - Westpac Sandeep Kanihama

Market pricing for the RBNZ has been fairly stable during the past week, continuing to price a zero chance of a change in the OCR during the next four meetings, but a 70% chance of a hike by Nov 2017 and almost100% by Feb 2018, notes Imre Speizer, Research Analyst at Westpac.Key Quotes

08:23 09 December /2016 Forex

ECB: QE extended at a slower pace, but with an effective easing - Westpac Sandeep Kanihama

Tim Riddell, Research Analyst at Westpac, notes that the ECB has surprised with not only an extending of its QE, though at a lower rate the total projected APP is EUR780bn in 2017, but also with an effective easing by relaxing restrictions on eligible issues.Key Quotes“FX Pe

08:23 09 December /2016 Forex