GBPCHF Next Leg Lower Underway?

Key Highlights British Pound managed to gain bids against the Swiss Franc, which as a result took the GBPCHF pair higher. A bearish trend line on the hourly chart was broken by buyers to set the pace for more upsides. In Australia, the National Australia Bank Business Confidence posted a decline from the last reading of 4 to 0 in Q2 2015. GBPCHF Technical Analysis ...
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USDCHF – Break Near?

Key Highlights US Dollar is slowly moving higher against the Swiss Franc and looks set for a break in the near term. There is a bullish trend line formed on the hourly chart, which might act as a catalyst. Chinese official non-manufacturing PMI, released by China Federation of Logistics and Purchasing (CFLP) posted a reading of 53.4 in September, unchanged from the last...
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USDCHF Eyes US CPI for a Break

Key Highlights US Dollar surged higher against the Swiss franc after dipping close to the 0.9660 support area. USDCHF pair is trading near an important bearish trend line on the hourly chart, acting as a resistance. US Consumer Price Index will be released by the US Bureau of Labor Statistics with the market forecast lined up for an increase of 0.2% in August 2015, comp...
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USDCHF – 0.9800 is a Reaction Level within Range

Key Highlights US Dollar after a move higher against the Swiss Franc started consolidating, and currently waiting for a catalyst for a break. US Housing Starts released by the US Census Bureau, at the Department of Commerce registered a reading of 1.206M in July 2015, compared with the forecast of 1.190M. US Building permits came in at 1.119M in July 2015, which was bel...
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USDCHF – Dollar Remains in the Driver’s Seat versus CHF

Key Highlights US Dollar continued to rocket higher against the Swiss franc, as the latter one weakened a lot recently. US Initial Jobless Claims released by the US Department of Labor increased from the last reading of 267K to 270K. US continuing jobless claims was below the forecast and registered a reading of 2.255M. US Initial Jobless Claims Earlier during the...
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US Dollar Positioned For More Gains

Key Highlights US Dollar continued to trade higher against the Swiss Franc and it is likely to continue trading higher. US Manufacturing Purchasing Managers Index (PMI) released by the Markit Economics came in at 53.8 in July 2015, unchanged from the last reading. Australian AIG performance of the Mfg Index released by the Australian Industry Group posted a nasty incre...
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USDCHF Looks Set For Next Leg Higher

Key Highlights US Dollar after a mild correction against the Swiss Franc traded higher and looks set for more gains in the near term. There are many major releases lined up in the US today, including the PPI, industrial production and NY Manufacturing index. Chinese Gross Domestic Product (GDP) released by the National Bureau of Statistics of China posted an increase of...
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US Dollar Remains in Control Post Jobless Claims

Key Highlights US Dollar remains in control as the market sentiment is still in favor of buyers. US Initial Jobless Claims released by the US Department of Labor came in at 297K, whereas the market is expecting it to stay around 275K. US Continuing jobless claims increased to 2.234M, whereas the expectation was of 2.248M. Canadian Housing Starts released by the Cana...
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US NFP Aftermath: USD Lower

Key Highlights US dollar was seen correcting lower after critical releases during the start of the NY session. US Nonfarm Payrolls report was be released by the US Department of Labor, which came in at 223K in June 2015 whereas the market was expecting it to be around 230K. US unemployment rate ticked down from 5.5% to 5.3% in June 2015 more than the forecast. US NFP...
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USDCHF Remains as Risk of Declines

Key Highlights US Dollar struggled during the past couple of sessions against currencies such as the Euro and the Swiss Franc. USDCHF is trading lower with support at 0.9300, which if breached might ignite more losses. US Services Purchasing Managers Index (PMI) released by Markit Economics posted a decline from the last reading of 56.4 to 56.2 in May 2015. US Servic...
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