Tag Archives: USD/CHF

Weekly Economic & Financial Commentary

U.S. Review Economy Contracts in Q1, Stronger Growth Ahead • Revised Q1 GDP figures showed that the economy contracted 1.0 percent,

FX Daily Majors

Today’s highlights: USDCAD’s stay bearish for a break below 1.0813, to test 1.0747/31.

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

Without robust growth, portfolio flows will be stagnant Ongoing Bank of Canada accommodation has driven CAD underperformance this year.

FX Daily Majors

Today’s highlights: NZDUSD has completed its expected top, and we look for further weakness to .8362/49.

Daily Technical Report

EUR/USD has moved decisively below the short-term support at 1.3616 (23/05/2014 low), confirming the recent technical deterioration.

UBS Morning Adviser

April’s consumer price data will be released in Japan on Friday This will be the first release of national CPI following the country’s sales tax rise.

FX Daily Majors

Today’s highlights: EURUSD back below the 200-day average maintains thoughts of a bear “wedge” and further weakness to 1.3520.

Daily Technical Report

EUR/USD is consolidating near the strong support at 1.3643 (see also the 200 day moving average). Monitor the hourly horizontal range between 1.3619 and 1.3669 (27/05/2014 high).

The dollar had a brief, small rally in early Asian trading, but just as quickly gave up gains, leaving suspected PBoC intervention selling USDCNY above 6.26 onshore to be the main event for the day, in our view.

UBS Morning Adviser

Inflation will drive the dollar higher – but only if yields follow through In the latest edition of UBS Macro Strategy Weekly ‘Key Issue’,

FX Daily Majors

Today’s highlights: USDCAD remains under downside pressure, targeting May’s low at 1.0813 next, with scope for 1.0738/31.