Dollar/Swissie Eyes Parity

13 April, 2017

USD/CHF is eyeing a break back below parity and if this is seen, look for the 200 day moving average and 50% retracement of the early April run higher at 0.9950-0.9960 as being the next obvious line of support.

USD/CAD has now made a sustained move below the 100 day moving average at 1.3280 and is eyeing a break below the 200 day MA of 1.3220. If this is successful, look for a return to the run of February closing lows around 1.3070

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.


Source link  
Silver and Gold Off-load?

Even the most novice trader knows that during periods of market volatility metals and certain currencies...

Will a Softer Brexit Stabilize the Sterling?

Today marks the start of Brexit talks between British and EU authorities. It’s not without reason that investors are antsy about Brexit negotiations - the day after the referendum showed that 51.9% of the Queen’s subjects wanted to leave the EU - the Sterling...

BoJ Interest Rate Decision and Monetary Policy Statement

Today the Bank of Japan is slated to make an interest rate decision, announce its a monetary policy at 2 am GMT and the one most traders are waiting for: have a press conference covering all these policies...


What to Expect - SNB & BoE Interest Rate

Today is shaping up to be another active day for traders, with the SNB and BoE interest rates...

Are Brent Crude Prices Moving up?

Brent crude prices have been rising after an initial fall as a result of the OPEC+ decision to restrict...

FOMC Meeting May 13th-14th Fed's Raising Rates Again?

To say that markets have been unstable recently would be an understatement. Since the beginning of the year, two major currencies USD and GBP have been rising and falling like the sea during low tide and high tide.


How will the Pound Weather the Elections?

The UK or more specifically the pound have not been in the best state since the beginning...

G7 Subjects What Will Be Discussed

Even though the Summit will largely revolve around the matters of global economy and trade, some news outlets are speculating about the possibility that President Trump might bring up NATO spending - and maybe even asking other nation-members to increase their share of financial contributions...

Gold set to find more favour?

XAU/USD is looking primed to continue its latest run higher with a move up to the 61.8%...

  


Share it on:   or