Tag Archives: EUR/CHF
EURUSD: fresh lows on feeble French auction, US ADP payrolls
The Euro sell-off deepened yet again today on a feeble French bond auction and on the need for Spanish banks to bolster their capital. Then a strong US ADP report had the pair trying the 1.2800 handle for the first time in 15 months.
Market Analysis
EUR/USD Continues to crater, tests $1.2900 area with a print or two possibly below. Stops sub $1.2920 added momentum and weak stock backdrop today damping some of the risk-appetite that materialized Tuesday. Other risk favorites also under pressure as stocks wilt and as positions are pared back in early new year chop. Further stops sub […]
EUR/CHF ANALYSIS
Trade in Asia contained within a range of Chf1.2162/77, with rate currently trading around Chf1.2180. Early unconfirmed talk suggests that an official bid in place at Chf1.2125 underpinning.
EUR/CHF ANALYSIS
UBS reports that they went long EUR/CHF overnight at CHF1.2155, targeting a move up to 1.2500, with a stop at CHF1.1990. The reasons given for the positioning are that on Sep6, 2011, the SNB imposed a floor under EUR/CHF at CHF1.20 and pledged to buy ‘unlimited quantities’ of foreign currency to enforce it.
EUR/CHF ANALYSIS
After topping out around Chf1.2443 earlier this month on hopes that the SNB might raise the cross peg, EUR/CHF tumbled Dec 15 when the SNB reaffirmed its commitment to keep the peg at Chf1.20. In subsequent sessions, the cross has stalled ahead of Chf1.2250 and indeed on two occasions has closed below Chf1.2200.
Euro wallowing in the mire. What’s up with USDJPY?
Market looks like it is already on holiday today. The Euro remains weak, but risk appetite remains buoyant despite yesterday’s disappointing reaction to the ECB LTRO. Dare we hope for a chance to snooze until after the New Year celebration?
EUR/CHF ANALYSIS
EUR/CHF confirmed a weak closing last night below the low of the previous session that was a negative day reversal. Possible therefore further weakness and a possible 1,23 undershooting with the 200 days line at 1,2212 the attraction.
EUR/CHF ANALYSIS
EUR/CHF formed a negative day reversal after the 1,2440 overshooting where it found good resistance. Only a daily closing tonight below 1,2375 will confirm a s/t top causing further weakness!!
EUR/CHF ANALYSIS
EUR/CHF confirmed a strong closing last night above the resistance of the inside day at 1,2405 suggesting further upside potential.
EUR/CHF ANALYSIS
EUR/CHF confirmed further consolidation interior the inside day with 1,2405 – 1,2240 still the levels to follow in the coming hours/ session. Only a daily closing above 1,2405 will support higher level suggesting the still missing 1,25 overshooting!!
EUR/CHF ANALYSIS
EUR/CHF confirmed on Friday a session of consolidation interior Thursday’s positive range with therefore 1,2405 – 1,2240 the levels to follow in the coming hours/ session. Only a daily closing above 1,2405 will support higher level suggesting the still missing 1,25 overshooting!!
EUR/CHF ANALYSIS
EUR/CHF confirmed also yesterday further consolidation interior the positive outside day with 1,2395 – 1,2235 still the levels to follow in the coming hours/ session.