Hit a 4 week low at the level and this is also where there has been talk of SNB bids amongst others . One to watch… with a break down here targeting a barrier at 0.9000.
The USDCHF is trading between the 100 and 200 hour MAs at the 0.9040 and 0.9068 levels respectively. The move above the 100 hour MA is a bullish sign (double bottom too) but the counter trend traders still need to be appeased by a … Continue reading
The Bernanke comments have put the focus back on the USD sending EUR/USD out of its short-term range and unsettling the bears. USD/JPY didn’t know how to react, with bearish USD sentiment being counteracted by upward pressure in the Yen crosses. … Continue reading
Many analysts have USD/CHF as a top pick this year but it’s charts like this that give traders pause. The close above the February highs last Wednesday was a bullish buy signal but it has absolutely blown up. On Friday, … Continue reading
USD/JPY and USD/CHF both made decent retracements overnight after the market had gotten a little over-exuberant on the USD bull move. If the Japanese retail market has also gotten itself overly long of USD/JPY, then we may see some more … Continue reading
It’s hard to over-emphasize the potential fallout as Treasury market participants race to the exits, giving up on the QE3 dream. Bonds have been in a 30-year bull market, with long-term yields falling more-or-less constantly since the early 80s. Five-year … Continue reading
Reaches 0.9324. Heavy interest to sell CHF as traders switch out of dollars as a funding currency for carry trades and into lower-yielding CHF and JPY. The heavy USD/CHF demand is helping boost EUR/CHF ahead of tomorrows SNB meeting on … Continue reading