Tag Archive: British Pound
Weekly Technical Analysis: 15/01/2018 – USDJPY, EURUSD, GBPUSD, WTI Oil Futures
The USDCHF pair succeeded to break 0.9656 level and hold with a daily close below it, which confirms opening the way to extend the bearish wave towards our yesterday's mentioned next target at 0.9566, noticing that the price approaches retesting the broken level now.
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Weekly Technical Analysis: 18/12/2017 – USD/CHF, USD/JPY, EUR/USD, GBP/USD, EUR/CHF
The USDCHF pair traded with clear negativity yesterday to break 0.9892 level and settles below it, which stops the recently suggested positive scenario and put the price within the correctional bearish track again, noting that there is a bearish pattern that its signs appear on the chart, which means that breaking its neckline at 0.9840 will extend the pair's losses to surpass 0.9800 and reach 0.9730 as a next station.
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Weekly Technical Analysis: 11/12/2017 – USD/CHF, USD/JPY, EUR/USD, GBP/USD, Gold
The USDCHF pair begins to bounce higher after approaching from 0.9892 level, supported by the EMA50 that meets the mentioned level, while stochastic shows clear bullish trend signals on the four hours time frame. Therefore, these factors encourage us to keep our positive expectations in the upcoming period, waiting for visiting 1.0038 level as a next main station, being aware that breaking 0.9892 will stop the expected rise and turns the price back...
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Sterling Unwinds Most of BOE-Inspired Gains, but Rates Market Does Not
Sterling has given up 50% of the gains score since late August's lows. Rate hike expectations are running high. Speculative market positioning has adjusted, and for the first time in a couple of years, speculators in the futures market are net long.
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Bitcoin Price Falls 40percent In 3 Days Underling Gold’s Safe Haven Credentials
Bitcoin price action shows cryptos vulnerable to commentary and government policies. Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles. Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows. BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven. Apple and Google developing a payment API for cryptos – may give governments full oversight. Bitcoin and cryptos...
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FX Weekly Review, September 04 – 09: Draghi Dovish? EUR and USD falling against CHF
The euro rose close to CHF 1.15 with the ECB meeting this week. Finally traders realized that the ECB committed not to hike rates for a very long time. The ECB will review and take a first decision on the bond purchasing program this autumn. However, this program will come to an end only when the inflation target of 2% becomes in reach.
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FX Weekly Review, August 28 – September 02: The end of big euro rise?
For us, the sudden euro rise from 1.08 to 1.14 is an illusion, the euro will fall sooner or later again. Macron will not help the French economy and low core inflation will prevent that the ECB ends her bond buying program.
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FX Weekly Review, August 21 – August 26: Dollar Loses its Gains Against CHF
The broad technical condition of the dollar deteriorated materially before the weekend. The dollar had some gains versus the franc during the last month, but it lost all during the last days.The EURCHF continues with a 2.5% win for the last month.
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FX Weekly Review, August 14 – August 19: CHF Recovers after Dovish Draghi Comments
The euro has lost some momentum, Draghi does not want to talk about an early end of his bond buying programming. Confirmed by economic data, 1.2% core inflation compared to a long-term inflation target of 2%. Consequently the Swiss appreciated during the week.
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FX Weekly Review, July 31 – August 05: Second Week of Strong CHF Losses
The Swiss Franc entered the second week of stronger losses. While the euro gained 4% last week, the dollar appreciated against the Swiss Franc 2% during this week.
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