The pair is now on its way up after a bounce confirmation on parity.
The pair is trading higher after having found some good support on top of 0,86 area.
We continue to hold a bullish bias on the pair over the middle term.
The Cable follows the path of the Euro, falling down significantly over the last 2 weeks.
Risk aversion continues to dominate the market sentiment and we see plenty of room on the downside.
Yesterday’s data from the Germany was on the positive side but disappointing PMIs from Europe point to a recession in the euro zone.
Fears of the world economy sliding down into a recession supported the dollar.
Greetings. Let’s take a look at the USD/CHF pair. For a long time we were seeing a shard drop of the USD/CHF and we’ve seen a nice retracement back up in the past couple of months. It...
The IMF Board approved two new credit packages to limit and fight the spreading of the debt crisis.
As investors reduce their exposure to higher yielding currencies the USD has become the overwhelming favorite.