The USD/CHF pair had an extremely quiet session on Monday as traders seem to be waiting for the results of the EU summit at the end of the week. The Franc has traditionally been a “safe haven”...
The Dollar Index (December basis) is trading flat with 78.00 acting as important support on the event of flat to weaker trading in most of the asset classes. Major trend is range bound between 73.40 and 81.20...
Market review for 28.11 – 2.12, 2011
On Friday the Dollar Index traded weak for most part of the European session but mild weakness in the benchmark equity index of Dow Jones resulted in the Greenback surge. Major trend is range bound between 73.40...
After breaking above 0.9314 previous high, USDCHF pulled back from 0.9329, suggesting that a cycle top is being formed on daily chart. Deeper decline would likely be seen next week, and target would be at 0.8850 area....
USD/CHF rose during the Friday session as the breaking of the highs form Thursday signaled more buying. The pair has shown to attract support in the area of 0.90 over the last several sessions.
USD/CHF fell at first on Thursday, but got a bit of a bounce as rumors of the Swiss National Bank setting negative interest rates came to light. It hasn’t be confirmed at this point, but the idea...
The Dollar Index again take resistance in the ranges of 79.50 to currently trade at 78.30 resulting in major rally in most of the asset classes especially the benchmark equity index of the Dow Jones Industrials. Major...
USD/CHF fell during the session on Wednesday as traders dumped the US Dollar around the markets. The pair fell fairly close to the 0.9000 level, and then found buyers stepping into the market.
Expectations for the meeting of the EC Ministers of Finances pushed euro up.
