Technical Analysis – USDCHF may retrace rebound in short-term

Posted on August 20, 2019 at 10:19 am GMT

USDCHF rebounded from an 11-month low of 0.9658 last week to pierce the 20-day simple moving average (SMA) on Monday. Still, the momentum indicators suggest that the market may lose steam in the short-term as the RSI seems to be pulling back from its 50 neutral mark and the Stochastics are reversing lower in the overbought territory. On the way down, the bears could take a rest near the 0.9700 round-level before challenging the 0.9658 trough. If the decline continues, the downward pattern could [..]

Daily Market Comment – Stocks up on China rate reform; dollar firms ahead of Jackson Hole

Posted on August 19, 2019 at 8:20 am GMT

Risk sentiment continues to improve on reports of China interest rate reforms and German fiscal stimulus Stocks have a positive start to week while safe-havens yen, Swiss franc and gold retreat Dollar holds firm as markets await policy cues from Powell at Jackson Hole symposium China reforms and German stimulus reports boost markets Markets opened in a positive mood on Monday, extending the rebound in risk appetite from late last week. Sentiment was boosted from developments over the weekend that [..]

Daily Market Comment – Yen firms again as trade jitters return; euro and pound steady despite election talk

Posted on August 9, 2019 at 8:11 am GMT

Risk aversion spikes again on reports US won’t ease Huawei restrictions Safe havens remain supported, stocks falter Euro and pound unmoved by speculation of snap elections in Italy and the UK Bounce in risk appetite proves short lived as trade worries return Market sentiment turned sour again on Friday as trade tensions resurfaced after Bloomberg reported that the United States is delaying a decision on whether to allow some American companies to do business with China’s Huawei Technologies. President Trump [..]

As the trade war fires up, what’s next for markets? – Special Report

Posted on August 8, 2019 at 12:36 pm GMT

The trade war between Washington and Beijing has flared up, and looks likely to intensify even further, as Trump may use the conflict to score political points ahead of the 2020 US election. In the markets, while stocks may feel some pain, stimulus by the major central banks will likely offset part of those losses. Instead, a far better proxy for any future escalation may be the Japanese yen, which could appreciate further both through the risk sentiment channel and [..]

Daily Market Comment –Yuan steadies after US brands China currency manipulator; stocks slide again

Posted on August 6, 2019 at 8:18 am GMT

Yen and Swiss franc retreat after yuan steadies as US labels China a currency manipulator Global stocks extend slide as US-China tensions continue to heat up Aussie and kiwi firmer as RBA keeps rates on hold, RBNZ coming up next Euro perks up but pound under pressure Yuan off lows on PBOC midpoint The risk-off moves engulfing currency markets since President Trump’s decision last Thursday to slap more tariffs on Chinese goods eased on Tuesday with the help of a [..]


Technical Analysis – USDCHF aggressively breaks swing low; faces uptrend line

Posted on August 5, 2019 at 2:29 pm GMT

USDCHF spiked above the twice tested resistance of 0.9950 and the upper Bollinger band last week, to touch the 200-day simple moving average (SMA). The pair then tumbled through the 0.9900 level, which is the 38.2% Fibo of the down move from 1.0235 to 96.93, before continuing past the 50-, 20- and 14-day SMAs as well as the 0.9820 level, which is the 23.6% Fibo. Sellers then fractured the 0.9805 support and lower Bollinger band, before resting at the uptrend [..]


Technical Analysis – USDCHF stopped at upper Bollinger band; unable to break above a 3-week high

Posted on July 29, 2019 at 1:05 pm GMT

USDCHF dropped from a twenty-eight-month high of 1.0235 to a five-and-a-half-month low of 96.93 over a three-month period. Buyers failed to push above the previous swing peak of 0.9950, and the price is currently hovering near the upper Bollinger band. The 14-day and 20-day simple moving averages (SMAs) show no clear direction, whereas the MACD and RSI are giving mixed signals. On the one hand MACD is trying to exit the negative zone, but the RSI has turned down. The [..]

Daily Market Comment – Euro area PMIs disappoint; Dollar powers through competition

Posted on July 24, 2019 at 8:10 am GMT

Euro area PMIs disappoint, raising bets for a dovish ECB tomorrow US dollar outperforms, without any clear catalyst Euro/franc falls below 1.10 – will the SNB intervene soon? Euro slips as disappointing PMIs fuel ECB bets Preliminary PMI data out of France and Germany for June have just been released, and were disappointing overall. While the service sector numbers were more or less in line with forecasts, the manufacturing figures fell substantially, with the French print touching the neutral 50 [..]


Technical Analysis – USDCHF reverses higher but remains bearish in medium term

Posted on July 16, 2019 at 1:10 pm GMT

USDCHF rebounded on the 38.2% Fibonacci retracement level of the upleg from 0.9185 to 1.0235 near 0.9830 during yesterday’s trading session, touching the 20-day simple moving average (SMA). In the short-term, the market could turn positive if the RSI keeps moving around the 50 level, however the red Tenkan-sen line, as well as the blue Kijun-sen line, hold flat. The stochastic oscillator seems ready to turn higher again as the %K line touches the oversold zone and is sloping up. An extension [..]

Daily Market Comment – Risk appetite creeps higher ahead of G20 talks; dollar advances

Posted on June 27, 2019 at 8:33 am GMT

Markets in cautiously optimistic mood ahead of crucial Trump-Xi meeting Reports that US and China have agreed to tentative truce over trade lift sentiment Dollar edges up but most pairs stuck in narrow ranges as G20 outcome awaited Modest hopes of positive talks buoy risk appetite    Signs that the US and China were moving close to reaching some sort of a truce over their trade dispute lifted market sentiment on Thursday. According to a Chinese newspaper report, the US [..]

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