USD/CHF News, Page 1

It’s a busy day ahead on the economic calendar with GDP numbers out of the Eurozone likely to set the tone for Lagarde, who takes over as ECB President.

It’s too early to tell if the reaction we are seeing early Monday will hold true throughout the week, or if this is just the calm before the storm. It’s no surprise that the British Pound and Euro are trading lower since they will be the currencies most affected by

The U.S. Dollar is also be supported by the divided Fed and several key Federal Open Market Committee (FOMC) members who suggested last week that the central bank may have to hit the pause button on an additional rate cut at the end of October.

The SNB left its base rate unchanged while cutting growth and inflation view. In doing so, it said it “remains willing to intervene in the foreign exchange market as necessary.” The BOE surprised no one when it held its policy rate unchanged at 0.75% in a unanimous vote. The BOJ

Despite an adverse July Trade Balance data release, the Aussie pair bulls continued upliftment for the third day in a row. Meantime, Fiber kept the downtrend intact today.

Trade talks and a rate cut by the Federal Reserve is a bullish formula for stocks. Let’s hope President Trump lays off the Twitter Send Button.

The AUD/USD pair has breached the upper boundary of the Bollinger Bands, showcasing a demand upsurge on the buyer side. Greenback bears ate the previously accumulated gains today amid downbeat economic data.

Today, the Aussie pair slipped out of the choppy bracket and was heading south. Meantime, the USD/CHF pair was testing the overhead Ichimoku Clouds.

“We firmly reject an escalation of the trade war, and are willing to negotiate and collaborate in order to solve this problem with a calm attitude” Gao said

The Fiber was underway to close negative for the third consecutive day this week in order to justify the 2-month-old downtrend channel. Meantime, the Aussie pair continued to remain choppy throughout the day.

The Canadian Dollar rose 0.15% against the U.S. Dollar. Gains were limited by a steep drop in crude oil prices. The Euro posted a 0.46% gain against the dollar, but due to its heavy weighting, it had the biggest influence on the index’s decline.

Today, ECB Meeting minutes read that the outlook for the economy remains weaker and further stimulus would come as early as in September. Greenback had maintained a choppy performance today, remaining within 98.14/98.38 range levels.

The upward-facing USD/CHF pair was aiming to breach above the overhead red Ichimoku Clouds. After displaying three consecutive positive sessions in a row, the Japanese Yen pair was attempting to breach above the 106.742 resistance.

The Chinese Yuan pair continued to stay sustained within a multi-month uptrend channel. Canadian currency slipped following disappointing Jobs data thereby allowing the Loonie pair to climb fresh heights.

Along with the Chinese Yuan currency that got hit massive sell-off over uprising trade tensions, the South African Rand (ZAR) also slumped. The Swiss Franc pair had formed a Double Top trading pattern, hinting for more upcoming bearish sessions.

Fiber continued to remain underway recovery today after suffering a massive plunge on July 31. After ten negative trading sessions in a row, today, the Aussie pair attempted to display some positive drifts.

After opening up near 98 level on Tuesday, the US Dollar Index attempted to make a positive move in the early hours. The Switzerland July KOF Leading Indicator came out 97.1 points, 4.41% higher than the street estimates.

At around 19:40 GMT, the US Dollar Index was -0.47% down as the Initial Jobless Claims computed since July 12 reported adverse statistics. The Swiss Franc pair showcased breakdown out of the 8-day old symmetrical triangle vicinity.

Today, the GBP/USD pair maintained a strong downtrend amid rising Brexit uncertainities. Meanwhile, Lower-than-expected June Producer and Import Prices provided the extra ammunition to the resilient USD/CHY bulls.

Fiber continued to move south, forming a falling wedge trading pattern. The Switzerland June MoM Unemployment data reported 2.3%, 0.1% lower than the market hopes.