Fair bit stronger than median forecasts of +0.2%, +0.6% respectively. Swissy has garnered some strength from the data, the EUR/CHF cross back down at 1.3170.
The daily chart posted a reversal pattern at 1.2400 and after rallying to 1.3200, it posted an imperfect double bottom at 1.2475. This nevertheless looks like a strong basing pattern and as you can see from the attached chart, the … Continue reading
The market has been very long CHF for a long time now but some of the reports from the interbank market in recent days have suggested that the big move lower in the JPY was making these CHF longs nervous. EUR/CHF … Continue reading
I’m hearing from a reliable source that there are some decent bids building on the 91 handle. These buyers are longer-term USD/CHF shorts who are getting a little nervous after the big spike higher in USD/JPY. The CHF is different to the … Continue reading
EUR/JPY has made a significant move higher overnight and there are certain to be some long-term short positions in the market who are now questioning their resolve. EUR/CHF and EUR/GBP are also consolidating recent strength and all three of the … Continue reading
EUR/USD: Barriers reported 1.4250, 1.4300; stops above 1.4280 (presumably heavy). Solid bids now around 1.4110/20 EUR/CHF: Heavy stops above 1.2950 USD/CHF: Stops above .9150, 70 and 90. Sell orders .9210/20. EUR/GBP: Modest sell orders .8820/25 AUD/USD: Stops building above 1.0265 … Continue reading
EUR/USD: Important technical resistance at 1.4280; likely that there will be plentiful stops above there AUD/USD: Multi-decade highs at 1.0250; once again we can expect multiple stops above there USD/JPY: Well chronicled holding range 80.50/82.00 EUR/CHF: Large stops reported above … Continue reading