CHF

CAD at Fresh 2012 High Ahead of FED- GBP Correction to be Short-Lived
Currencies

0

Daily Winners and Losers The Canadian dollar is the top performing currency against the greenback ahead of the European close with an advance of 0.23% on the session. Broader risk appetite has been well supported ahead of today’s key FOMC interest rate decision with the higher yielding commodity currencies advancing in early US trade. Remarks made by Bank of Canada Governor Mark Carney have continued to support the loonie with

USD Outlook Still Bullish but In-House Index Keeps Us Sidelined for Now
Currencies

0

Euro remains very well supported on dips Retail positioning still looking for USD strength Cable and Cad SSI ratios stand out and warn of more USD weakness UK GDP data much softer; opens intraday underperformance in Pound Key event risk later today in the form of the FOMC rate decision We have yet to see any real justification for the latest Euro rally, but at the same time, would not

Sterling Takes Heavy Losses as UK Falls Back into Recession
Currencies

0

THE TAKEAWAY: Negative UK GDP growth in Q1 2012 -> Sterling under pressure as data diminishes confidence Great Britain’s Gross Domestic Product contracted in the first quarter, pushing the UK into its first double-dip recession since the 1970s. The report is expected to increase pressure on UK officials, most important PM David Cameron who has faced criticism for promoting austerity instead of government stimulus.

Trend Analysis Generates EURGBP Entries
Currencies

0

The EURGBP continues to have a strong April moving steadily in a downtrend. Through today’s trading, the pair has moved as much as 214 pips lower from its monthly high at .8357.

Euro Under Intense Pressure in Monday Trade; Below 1.3125 Accelerates
Currencies

0

Euro reverses course in early weekly trade Softer round of Eurozone PMIs weigh heavily on risk appetite Global equities also trade with heavy tone US Dollar and Japanese Yen prime beneficiaries Eurozone sovereign debt highest since Euro established Currencies were under pressure for the entire European session, with the safe haven US Dollar and Japanese Yen benefitting from the risk off trade. The pullback in the Euro has been quite

CHF Surges as USD Retreats- JPY Drifts Above Key Daily Support
Currencies

0

The greenback is weaker against all its major counterparts save the yen amid a rebound in broader market sentiment. Here are the setups we will be trading on USDCHF and USDJPY. Daily Winners and Losers The Swiss franc is the strongest performer against a weaker greenback with an advance of 0.65% ahead of the European close. Market sentiment is well supported with equities and Treasury yields rallying on stronger than