Tag Archives: USD/CHF
UBS Morning Adviser
Does recent China manufacturing PMI suggest the mini-stimulus is working? This past Tuesday’s release of final May HSBC Manufacturing PMI reached a 4-month high.
FX Daily Majors
Today’s highlights: EURUSD continues to trade sideways in a tight range but we remain bearish for a break of key price support at 1.3586.
Daily Technical Report
EUR/USD has moved recently within a shorttermhorizontal range between 1.3586 and1.3650. Today’s ECB decisions are likely todetermine the direction of the next short-termtrend.
UBS Morning Adviser
Draghi’s words always do the damage, so position accordingly The ECB decision today is perhaps the most-scrutinised in nearly two years as negative rates are expected.
FX Daily Majors
Today’s highlights: NZDUSD has broken key support at .8432/16, leaving the bias lower towards our core target at .8362/55.
Daily Technical Report
EUR/USD failed to break the resistance at1.3650 (27/05/2014 high, see also the decliningtrendline) yesterday, indicating persistent sellingpressures. Supports stand at 1.3586 and 1.3562(12/02/2014 low).
UBS Morning Adviser
Is additional US outperformance needed for CAD shorts to work? Having passed up multiple opportunities to talk down the Canadian dollar in statements and
FX Daily Majors
Today’s highlights: NZDUSD remains poised for a test of key price support at .8432, below which should trigger a decline towards .8416.
Daily Technical Report
EUR/USD remains in a short-term bearishtechnical structure as long as prices stay belowthe resistance at 1.3650 (27/05/2014 high, seealso the declining trendline).
UBS Morning Adviser
Should central banks pay more than lip service to domestic rebalancing? The RBA decision overnight probably lacked the suspense of the ECB.
Daily Technical Report
EUR/USD has broken the key support areabetween 1.3673 and 1.3643. The short-termtechnical structure calls for further weakness aslong as prices remain below the resistance at1.3669 (27/05/2014 high).
UBS Morning Adviser
Euro weakness or dollar strength? With the ECB likely to ease again on Thursday,