Just in case EUR/CHF traders were even thinking about taking them on up pops the head of the SNB. Franc still highly valued Will but unlimited foreign currencies Will take further steps immediately if needed EUR/CHF gets the hint with … Continue reading
What do I spy, with my little eye? It’s surely not an EUR/USD buyer is it? Credit Suisse are looking to buy the euro (gasps of shock heard around the room) and are orders in to buy at 1.2800 for a … Continue reading
The 1.1050 zone gave way as the loonie follows the rest of the commodity bloc to session lows. There’s a bit of resistance at last Tuesday’s high of 1.1075 but 1.1100 is the main level to watch. There is a … Continue reading
The USDJPY did all the right things on the move lower. It fell below the trend line. It fell below the 100 hour MA (remember the price has only had 6 or so closes below the 100 hour MA going … Continue reading
The GBPCAD has been testing old floor support at the 1.8100 area. The high from Friday came in at 1.8117 level. The high today came in at 1.8104. The price is back down at the 1.8050 area now. Looking at … Continue reading
Says unemployment has been a positive surprise Supported Fed statement last week but says it’s premature to remove “considerable time” More natural to drop “considerable time” language at October’s FOMC Still sees first tightening at end of Q1 2015 Sees … Continue reading
0.8850 is in the process of being taken out and we’ve broken below support at 0.8888. We’re already in vertigo territory but the bulls still have a couple of points to mount a fightback. There’s support at 0.8770 meeting 2010 … Continue reading
The Fed stayed collectively quiet in the latest FOMC statement about when it would raise rates but the market has already made up its mind. The Richmond Fed is a minor economic indicator but it’s another solid data point after … Continue reading
Prior 12 Employment 17 vs 11 prior New orders 14 vs 13 prior Prices paid 2.10 vs 1.39 prior Prices rec’d 1.17 vs 0.76 prior Another report showing employment up but still those wages aren’t joining in. They fell to … Continue reading
The EURUSD has squeezed higher from a technical perspective in trading today after failing to keep the downside momentum going yesterday and again today.
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