CHF
Euro At Risk for Retracement to Yearly Lows But Beware of Oversold Studies
By Joel Kruger, Technical Strategist for DailyFX.com Ongoing turmoil in Greece pressures markets lower Fear of contagion to larger EX economies weighing Technical studies are however stretched Investors looking to retest Euro 2012 lows Looking for technical bounce before trend continuation The latest bout of intensified selling in the Euro has been attributed to the [...]
Euro Attempting to Recover on Technical Bounce and Solid Data
By Joel Kruger, Technical Strategist for DailyFX.com Risk correlated assets finally finding some support Moves classified as corrective consolidation at this point Solid Eurozone data and positive news out of Greece help to inspire bids Technical studies also warn of additional Euro gains before resumption of downtrend German GDP strong, French and Eurozone weaker German [...]
Rwanda: Rwanda Franc Down As Repo Rate Goes Up
…by 5.8, Kenyan Shillings by 2.0 %, Uganda Shillings 3.9 % while Burundi francs was by 2.2 %. This stability is attributed to high growth; stable single digit inflation pushed by stability in exchange rate macroeconomic stability has been sustained despite…
SNB Chariman Jordan to Speak; USD/CHF at 2-Month High, EUR/CHF Rests At the 1.20 Floor
Forex Technical Update Previous: USD/CHF Breaks Above Channel Within Sideways Market (5/2) The chairman of the Swiss Nation Bank (SNB), Thomas Jordan will speak in Zurich. The market will monitor his language for interest rate clues as well as gauging the strength of EUR/CHF’s 1.20 Floor. USD/CHF Daily Chart 5/14/2012 7:40 AM EDT First, looking at the USD/CHF, we see the market pushing above the March high at 0.9334 .
Currencies Pressured As Risk-Off Headlines Stand Out Across the Globe
By Joel Kruger, Technical Strategist for DailyFX.com JP Morgan losses seriously diminish credibility in banking sector Political saga in Eurozone continues to shake investor confidence China trade data disappoints and weighs on broader sentiment China economic data disappoints and weighs further on risk correlated assets Commodity bloc and emerging market FX exposed The intense risk-off [...]
Cytos Biotechnology AG erhält weitere CHF 3.2 Millionen aus der Bezugsrechtsemission
…Wandelanleihen bereitstellen, nicht eingeschlossen) wird ein Betrag von CHF 26947133.84 erwartet. Für eine detaillierte Beschreibung der Kapitalerhöhung sowie der Refinanzierung von Cytos möchten wir Sie auf den Kotierungsprospekt und das Supplement hinweisen,…
Cytos Biotechnology Ltd. raises an additional CHF 3.2 million via Rights Offering
…the supplement, which can be obtained free of charge from Neue Helvetische Bank AG (phone: 41 44 204 56 19, email: prospectus@nhbag.ch) or Cytos Biotechnology AG (phone: 41 44 733 47 47, email: info@cytos.com). For further information please contact: Cytos…
Currencies Could Be Poised for Short-Term Relief Against Buck and Yen
By Joel Kruger, Technical Strategist for DailyFX.com Short-term technicals starting to look stretched; Euro bounce possible Strategy is to sell currencies (expect Yen) against the buck into rallies Aussie outperforms on solid employment data China trade data disappoints and weighs on broader sentiment Greek political saga continues; austerity in jeopardy Bank of England policy decision [...]
Euro Price Action Increasingly Bearish But Yet to Close Below Key Barrier
By Joel Kruger, Technical Strategist for DailyFX.com Greece political uncertainty fuels fears of contagion Euro under pressure but yet to close below 1.3000 Commodity bloc and emerging market FX most exposed The ongoing political turmoil in Europe continues to shake the markets, with the inability for Greece to form a government now fueling speculation that [...]
UPDATE 2-IMF says Swiss franc cap appropriate for now
…Monetary Fund said on Tuesday. Timing the end of the cap, which the Swiss National Bank put in place as safe-haven flows drove up the value of the currency, hurting the export-heavy Alpine economy, will be tricky, the fund said in a routine review. The IMF…
IMF says Swiss franc cap appropriate for now
…Monetary Fund said on Tuesday. Timing the end of the cap, which the Swiss National Bank put in place as safe-haven flows drove up the value of the currency, hurting the export-heavy Alpine economy, will be tricky, the fund said in a routine review. The IMF…
Eurozone Political Drama and Softer Global Data to Weigh on Sentiment
By Joel Kruger, Technical Strategist for DailyFX.com Risk rallies viewed as technical corrections; look to sell Euro consolidating above 1.3000 ahead of next drop Investors digesting implications of latest French and Greek elections Spain back in focus as the country attempts to rescue local bank Although we have seen a bit of a bounce in [...]
Swiss Franc Stumbles Following Mix of High Employment and Low Inflation
…bank’s resolve to keep rates unchanged, further indicating a bearish outlook on the Swiss franc. USD/CHF first fell following the low unemployment numbers, which is usually counterintuitive for strong economic data, and the pair fell again after the contained…
East Africa: Franc Appreciates Against Regional Currencies
…cent, Kenyan Shilling by 2.0 percent, Uganda Shillings 3.9 percent while a Burundi franc was by 2.2 per cent. The Central Bank attributes the franc’s stability to high growth; stable single digit inflation pushed by stability in the exchange rate. “These performances…
Euro Has Yet to Break Well Defined Range, But Markets Looking Lower
By Joel Kruger, Technical Strategist for DailyFX.com Market optimism fades and suggests more USD strength Widespread calls for a break lower in Eur/Usd Key economic data and political risk ahead Focus for now on monthly US employment data Although we have seen no clear breakouts in most of the major currencies, and although the Euro [...]
Swiss Franc (CHF) Technical Major Currencies (2012-05-04)
The key resistance level hinted yesterday at 0.9175 held as a stance forcing the pair to move slightly lower as seen on the provided daily chart. But, Stochastic still reflects the strength of the bullish momentum started at the support line; thus, we st
Risk Assets Hold Up Surpisingly Well, but Return to Reality Nears
By Joel Kruger, Technical Strategist for DailyFX.com Bout of weak economic data widespread across all continents Market consolidation of 2012 could be coming to an end Fear and uncertainty could re-emerge in H2 2012 European Central Bank decision and US NFPs in focus We are astonished at the resiliency of risk correlated assets given the [...]
Schneider-Ammann Says Swiss Central Bank to Defend Franc Cap
…prospects, making Switzerland’s economy more attractive for investors. The franc is considered a haven in times of global turmoil. The Swiss National Bank said at its quarterly assessment in March that it expects the economy to expand about 1 percent this…
Swiss Franc (CHF) Technical Major Currencies (2012-05-02)
Morning Report The pair has formed a long lower shadow on the daily candlestick after touching the support line which started at the significant trough of 0.8925 as seen on the provided daily chart. Stochastic is on the way to move outside the oversold t
USD/CHF: Trading the Swiss Retail Sales
…result. Below expectations: 0.3% to 0.7%: A negative reading could push USD/CHF above one line of resistance. Well below expectations: Below 0.3%: In this scenario, the pair would likely climb, and could break two or more resistance lines. Forex Crunch is…
