Forex Analysis

CHF Mid-day Analysis

The Swiss referendum that would require gold purchases in conjunction with

Rallies in the Yen should be sold as the trend remains down and

After another new high for the move overnight the Dollar has seen some modest profit taking.

The Canadian has managed to rise consistently against the headwinds of a strong Dollar and

A temporary recovery of the Pound might only be a prelude to a resumption of downward motion.

ECB Draghi’s dovish comments continue to support CE government bonds.

Late on Friday evening, the PBoC announced an earlier-than-expected cut in the one-year benchmark lending rate by 40bp to 5.6% and

AUD rebounded to 0.87 this morning, but still below its Friday high post PBoC’s rates cut.

German IFO expectations are expected to show signs of improvement.

Bonds and equities rallied on both sides of the Atlantic on Friday, as Draghi emphasized the need to

The pair was pressured in tandem with euro-dollar to European session lows of $1.5626 on Friday after

The pair opened at $0.8669 this morning and inched higher in early pre-Asian dealings.