Chf/jpy The Yen Traded

The Swiss franc jumped today against the US dollar and the Japanese yen as positive market sentiment diminished attractiveness of the currencies of Japan and the United States. Sometimes, the Swiss franc tends to behave more like risky currency, not like a safe one, since it was pegged to the euro. Today’s positive sentiment made the euro to rise and that, in turn, allowed the franc to rally. The optimistic outlook for the Greek bond swap and sings of robust growth in different parts of the world were responsible for the gains of the euro and, consequently, the franc. The Swiss National Bank spent 17.8 billion francs ($19.5 billion) last year to prevent franc’s appreciation. Analysts say that the SNB was successful in easing the negative impact of the strong currency on the nation’s ...

www.sunbirdfx.com The US stock markets did not stop rising even yesterday. Many analysts estimated that after the hesitated opening of the trading week, the stocks would finally make the expected correction and on the beginning of the day it looked like these predictions would turned to be a fact, but after 45 minutes of declines, the stocks resumed rising. NASDAQ is already 5% above 2011's high, Dow made the break-up just yesterday and the S&P is still bellow 2011 picks but it is getting there. EUR/USD The rising of the stocks is weakening the USD against most of the major currencies and the Euro is taking advantage of the situation in spite the fact the talks with Greece, which seemed to be close to an agreement, last week, are still going on. Because of that, Germany threats on the ...

The dropped today as the macroeconomic reports showed Switzerland’s economy experiences problems, spurring the speculation about yen another intervention by the nation’s central bank. This week started with the bunch of negative reports. The retail sales in Switzerland fell 1.9 percent year-on-year in August, compared to the overly optimistic forecast of a 4.5 percent increase. The SVME PMI fell from 51.7 in August to 48.2 in September. Reading below 50.0 indicates decline. Last week wasn’t good either. The UBS consumption indicator dropped to 0.79 in August from 1.28 on July. The decline was explained by the poor business activity in the retail sector, as well as the strong franc that dampened consumer willingness to spend. The KOF Economic Barometer slipped from 1.61 in August to 1.21 ...

www.youtradefx.com NIKKEI Asian markets are showing increases this morning after a positive closure yesterday on Wall Street and also against the background of the encouraging economic macro figures also published yesterday in the United States. The markets are, for the time being, waiting for the implementation of an additional quantative expansion program in the United States which is expected to be announced when the Governor of the Central Bank, Ben Bernanke, makes his speech tomorrow at the Bankers Conference. In his speech, the Governor is expected to hint at a third round of government bond acquisitions (QE3) with the aim of energizing the markets. The Japanese NIKKEI which is traded at exceptionally low levels in relation to other indexes holds within it the potential for much ...

www.sunbirdfx.com USD/CHF The Swiss touched the upper boundary of the channel we had mentioned last week, and made the reversal-down in that point. The Non-farm payroll data contributed to the strengthening of the CHF against the USD, alike other major currencies. It was possible to set an automatic order around the resistance area, and enjoy the slides that came afterwards. The CHF broke the support of the 20 EMA, and it is now supported at 0.835. A strong break-down of that support might get to the next supporting area at 82-82.50. The Swiss also looks stronger against other currencies, such as the JPY. A reversal pattern, with doji candlestick appears in the daily chart of the CHF/JPY, which might cross above the resistance at 96.7. USD/JPY The USD broke through the bullish- ...

NASDAQ : Despite the soothing remarks made by the US Secretary of the Treasury at the beginning of the week, macro figures published yesterday were not particularly encouraging. So, it is definitely possible that the downwards movement still hasn't realised its full potential. Of course, the main upwards trend of the markets in general and in particular the United States NASDAQ remains positive. A continuing fall towards the significant support level of 2235 will constitute an excellent opportunity to pick up the NASDAQ at a low and attractive buy price. The last support level at 2150 defines the maximum range for a fall of the index. Closure beneath support levels of 2130 will be an indication of a serious and steep wave of price drops that will match the strength of the correction that ...

Prompted by the positive macroeconomic news, the Swiss franc managed to rise to a new record high against the US dollar and to grow against other major currencies today. The Swiss currency benefited from today’s leading economic indicator (KOF Economic Barometer) release that showed that its value rose unexpectedly in April. The report shows a growth from 2.25 to 2.29. Not only it’s above the expected 2.20 value, it’s also the highest reading of this indicator since August 2006. The franc traded near 30-month high against the Japanese yen and appreciated significantly against the euro today. The currency also performed well against the British pound, which is also trading on a bullish side today. Against the US dollar, the franc set its new record high level for the fifth time in April. ...

The Swiss franc jumped against 14 of 16 most-traded currencies after the report showed that the rate of inflation growth in Switzerland unexpectedly increased in March. The Federal Statistical Office reported the consumer prices grew 0.6 percent in March instead of expected 0.2 percent, following the advance by 0.4 percent in February. The report by SECO on April 8 is expected to show that the unemployment rate in Switzerland decrease slightly. Swiss National Bank board member Jean-Pierre Danthine said that an interest rates hike by the European Central Bank could provide a leeway for Switzerland in planning its own policy. The Swiss currency gained most against the Japanese yen. The franc rallied 1.7 percent against the yen on the previous trading session. CHF/JPY traded at 93.03 today ...

The Federal Reserve is expected to keep its benchmark Interest Rate unchanged near zero today, as traders get ready for a busy news cycle. The Fed Statement is expected to provide an assessment of the current economic condition in the world's largest economy and more importantly provide an economic outlook. The statement is likely to set the short term direction for the greenback. Economic News USD - Dollar Falls Ahead of Heavy News Day The dollar fell broadly against the other major currencies on Monday; partly on concern that a U.S. tax cut deal could swell the large budget deficit at a time when the Federal Reserve is committed to accommodative monetary policy. By yesterday's close, the USD fell sharply against the EUR, pushing the oft-traded currency pair to 1.3390. The dollar ...