Forex News


USD/CHF downside exhausted? “ Commerzbank

10:47 31 March /2016 Forex

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, there are signals that the pair™s downside could be nearly over.

Key Quotes

œUSD/CHF has eroded the 2015-2016 uptrend at .9653/35, the .9661 February low and the 78.6% retracement but 2 things worry me about this break lower.

œIt was not sustained and the market closed near the days highs (hammer) and secondly the TD perfected set up points to exhaustion of the downmove.

œNearby resistance is the channel at .9711 “ this guards the .9817 200 day ma, a close above here will be needed to confirm reversal.

to other news

all news
ECB's Vasiliauskas: Eurozone deflation threat is gone

ECB Governing Council member Vitas Vasiliauskas said on Friday, via Reuters, that deflation threat to the Eurozone is now behind, while adding that he sees Eurozone recovery in 2017.

08:46 09 December /2016 Forex

NZ: Prices from the monthly inflation gauge lifted 0.1% in November - ANZ Sandeep Kanihama

NZ’s prices from the ANZ’s monthly inflation gauge lifted 0.1% in November and is on the soft-side of increases for this time of year and saw the annual increase ease back to 2.1% (from 2.3%) as noted by the Cameron Bagrie, Chief Economist at ANZ.Key Quotes“Rents again made the larg

08:46 09 December /2016 Forex