Tag Archive: Euro

Euro slides against the dollar on ECB dovishness

2019-03-15

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2019-03-15

EUR-USD and 10-year Real Rate Differential 2014-2019
The euro has declined further against the dollar but should strengthen over next 12 monthsThe euro fell to a 20-month low against the US dollar following the European Central Bank’s (ECB) March policy meeting, given the revised forward guidance that suggests that the interest rate differential is unlikely to provide much upside to the euro in the next few months.

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Weekly Technical Analysis: 04/06/2018 – USD/CHF, EUR/JPY, GBP/USD, AUD/USD, WTI

2018-06-06

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2018-06-06

USD/CHF, June 06
The USDCHF pair managed to break 0.9850 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming period, paving the way to head towards 0.9723 level as a next station, noting that the EMA50 supports the expected decline, which will remain valid for today conditioned by the price stability below 0.9870.

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The Currency of PMI’s

2018-05-27

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2018-05-27

US Markit PMI and GDP, Jul 2012 - May 2018
Markit Economics released the flash results from several of its key surveys. Included is manufacturing in Japan (lower), as well as composites (manufacturing plus services) for the United States and Europe. Within the EU, Markit offers details for France and Germany.

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Weekly Technical Analysis: 21/05/2018 – USD/JPY, EUR/USD, GBP/JPY, USD/CAD, USD/CHF

2018-05-22

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2018-05-22

USD/CHF, May 15
The USDCHF pair reaches the key support 0.9955 now, and as we mentioned in our last report, breaking this level will confirm completing the double top pattern that appears on the chart, to rally towards our negative targets that begin at 0.9900 and extend to 0.9850. Therefore, we will continue to suggest the bearish trend supported by the negative pressure formed by the EMA50, unless the price managed to rally upwards to breach 1.0055 level and...

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Weekly Technical Analysis: 14/05/2018 – USD/JPY, EUR/USD, EUR/JPY, GBP/USD, USD/CHF

2018-05-15

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2018-05-15

USD/CHF, May 15
The USDCHF pair provided positive trading yesterday to test 1.0000 level and settles around it, and as long as the price is below this level, our bearish overview will remain valid, noting that our next target is located at 0.9900, while breaching 1.0000 followed by 1.0055 levels represent the key to regain the main bullish trend again. Expected trading range for today is between 0.9920 support and 1.0055 resistance.

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Weekly Technical Analysis: 07/05/2018 – USD/JPY, EUR/USD, GBP/USD, Gold

2018-05-09

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2018-05-09

USD/CHF, May 09
The USDCHF pair’s recent trades are confined within mew minor bearish channel that we believe it forms bullish flag pattern, thus, the price needs to breach 1.0035 to activate the positive effect of this pattern followed by rallying towards our waited target at 1.0100. Therefore, we will continue to suggest the bullish trend supported by the EMA50, unless we witnessed clear break and hold below 1.0000. Expected trading range for today is between...

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Weekly Technical Analysis: 23/04/2018 – USD/JPY, EUR/USD, GBP/USD, AUD/USD, WTI oil futures

2018-04-26

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2018-04-26

USD/CHF, April 26
The USDCHF pair touched the bullish channel’s resistance that appears on the chart, and the price might be forced to show some temporary decline to test the support base formed above 0.9790 before resuming the rise again. In general, we will continue to suggest the bullish trend supported by the EMA50, depending on the organized trading inside the mentioned bullish channel, noting that our next target is located at 0.9900, while holding above...

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Weekly Technical Analysis: 16/04/2018 – USD/CHF, USD/JPY, EUR/GBP, GBP/USD, USD/CAD

2018-04-19

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2018-04-19

USD/CHF, April 19
The USDCHF pair breached 0.9675 level and closed the daily candlestick above it, to open the way to achieve more rise in the upcoming sessions, paving the way to head towards 0.9790 as a next main station. Therefore, the bullish trend will be suggested, supported by the EMA50, noting that breaking 0.9675 and holding below it will push the price to test 0.9581 level before determining the next trend clearly.

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Bi-Weekly Economic Review: Investing Is Not A Game of Perfect

2018-04-11

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2018-04-11

Economic Growth and Investment
The market volatility this year has been blamed on a lot of factors. The initial selloff was blamed on a hotter than expected wage number in the January employment report that supposedly sparked concerns about inflation – although a similar number this month wasn’t mentioned as a cause of last Friday’s selling. The unwinding of the short volatility trade exacerbated the situation and voila, 12% came off the market in a matter of days.

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Weekly Technical Analysis: 02/04/2018 – Gold, WTI Oil Futures, GER30 Index, USD/JPY

2018-04-04

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2018-04-04

USD/CHF, April 04
The USDCHF pair attempted to breach 0.9581 level yesterday but it returns to move below it now, which keeps the bearish trend scenario valid until now, supported by stochastic move within the overbought areas, waiting to head towards 0.9488 as a first target.

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Weekly Technical Analysis: 26/03/2018 – USD/JPY, EUR/USD, GBP/USD, AUD/JPY, GBP/JPY, USD/CHF

2018-03-27

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2018-03-27

USD/CHF, March 27
The USDCHF pair provided negative trades after 0.9488 proved its strength against the recent positive attempts, to keep the bearish trend scenario valid efficiently in the upcoming period, supported by the EMA50 that pushes negatively on the price, waiting to test 0.9373 initially.

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Weekly Technical Analysis: 19/03/2018 – USD/JPY, EUR/USD, GBP/USD, NZD/USD, USD/CHF

2018-03-19

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2018-03-19

USD/CHF, March 19
The USDCHF pair leaned well on 0.9488 level to resume its positive trading, on its way towards our first waited target at 0.9581, as the price moves inside bullish channel that appears on the above chart, supported by the EMA50 that protects trading inside this channel, noting that breaching the targeted level will extend the pair’s gains to reach 0.9675.

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Weekly Technical Analysis: 12/03/2018 – USDJPY, EURUSD, GBPUSD, Gold

2018-03-13

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2018-03-13

USD/CHF, March 13
The USDCHF pair traded negatively yesterday to break 0.9488 and settles below it, which stops the positive effect of the recently mentioned bullish pattern and push the price to decline again, targeting heading towards 0.9373 initially.

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Weekly Technical Analysis: 05/03/2018 – USDJPY, EURUSD, GBPUSD, EURGBP, AUDUSD

2018-03-06

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2018-03-06

USD/CHF, March 06
The USDCHF pair shows sideways trading around the EMA50, noticing that the EMA50 shows clear negative signals on the four hours’ time frame, while the price settles below the intraday bullish channel’s support line that appears on the chart.

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Weekly Technical Analysis: 20/02/2018 – USD/JPY, EUR/USD, GBP/USD, USD/CAD, USD/CHF

2018-02-20

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2018-02-20

USD/CHF, February 20
The USDCHF pair approached our waited target yesterday, represented by the bearish channel’s resistance that appears on the above chart, noticing that the price faces good resistance at the EMA50, which forms negative pressure that we expect to push the price to resume its main bearish track again.

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Weekly Technical Analysis: 12/02/2018 – USD/JPY, EUR/USD, GBP/USD, WTI Oil Futures, USD/CHF

2018-02-12

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2018-02-12

USD/CHF, February 12
The USDCHF pair trading settles below the previously broken support that appears in the image, while stochastic provides negative overlapping signal on the four hours time frame, which supports the continuation of our bearish trend expectations in the upcoming sessions, reminding you that our next target at 0.9254.

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US Imports: A Little Inflation For Yellen, A Little More Bastiat

2018-02-08

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2018-02-08

US Trade Balance, Jan 2014 - 2018
US imports rocketed higher once again in December, according to just-released estimates from the Census Bureau. Since August 2017, the US economy has been adding foreign goods at an impressive pace. Year-over-year (SA), imports are up just 10.4% (only 9% unadjusted) but 9.3% was in just those last four months. For most of 2017, imports were flat and even lower.

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Weekly Technical Analysis: 05/02/2018 – USD/JPY, EUR/USD, GBP/USD, AUD/USD, USD/CHF

2018-02-07

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2018-02-07

USD/CHF, February 07
The USDCHF pair traded with clear negativity yesterday to approach our waited target at 0.9418, to keep the bullish trend scenario active until now, being away that it is important to monitor the price behavior when touching the mentioned level, as breaching it will push the price to extend its gains and head towards 0.9530 as a next station, while its stability will push the price to decline again.

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Weekly Technical Analysis: 29/01/2018 – USDJPY, EURUSD, GBPUSD, GBPJPY

2018-01-30

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2018-01-30

USD/CHF, January 22
The USDCHF pair shows some bullish bias to approach retesting the previously broken support that turns into key resistance now at 0.9418, noticing that stochastic loses its bullish momentum clearly to reach the overbought areas, while the EMA50 forms continuous negative pressure against the price.

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Bi-Weekly Economic Review: Markets At Extremes

2018-01-30

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2018-01-30

Production ended the year on a strong note but early readings from January are not as positive. The December industrial production report headline was strong at a 0.9% gain but a lot of that strength was in the mining (oil drilling) and utility sectors. Mining has actually led the way the last year as rig count has risen with drilling activity. I’d love to see our economy less dependent on the price of oil but that is what we’ve become over the...

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