OctaFX | OctaFX Forex Broker
Open trading account

USD/CHF holds at 0.9677/81

FXstreet.com (Barcelona) - The USD/CHF has stubbornly clung to the 0.9677/81 level during European trading Friday, despite the recent release of economic data in Germany.

In Germany, the IFO – Business Climate (May) has yielded a figure of 105.7, against expectations of 104.5. In addition, the IFO – Current Assessment revealed 110.0 in May, vs. a projection of 107.2. Finally, IFO – Expectations (May) was reported at 101.6, matching its consensus of 101.6.

According to the Mataf.net technical analyst team, the USD/CHF posit the next short-term supports for the USD/CHF at 0.9261, followed by 0.9535, and 0.9437. On the rise, the pair is set to face calculated resistance at 0.9805, then 0.9903, and ultimately 0.9989.

EUR/USD retakes 1.2950 on better IFO

The bloc currency advanced to 1.2960 after the German IFO indicator came in above estimates for the month of May...
Read more Previous

Asian equity markets record mixed results Friday

Following the massive pullback Thursday from Asian equities, specifically in the Japanese Nikkei, many investors wondered how the market would react today. What ensued was a checkered trading session in Asia, though much less volatile today.
Read more Next
Start livechat