OctaFX | OctaFX Forex Broker
Open trading account

USD/CHF remains bullish in the long run – Commerzbank

FXStreet (Edinburgh) - The long-term outlook on the pair remains tilted to the bullish side, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.

Key Quotes

USD/CHF saw an impressive rally higher last week and attention is back on the key resistance offered by the 2001-2015 downtrend at .9855”.

“Very near term the market is stalling at the 2 month resistance line at .9805”.

“While we would expect to see this hold the initial test – we look for this to eventually to be eroded and remain longer term bullish. Above 9855 would target .9903 the August high and .9972, the 2012 highs initially”.

USD/JPY supported by potential BoJ easing – OCBC

In the view of FX Strategist at OCBC Bank Emmanuel Ng, the pair’s upside remains supported by the likeliness of further easing by the BoJ...
Read more Previous

Speculators turned bearish on US 10-yr treasury notes last week

The latest Commodity Futures Trading Commission (CFTC) data showed the speculators reduced overall positions in the US 10-yr treasury note futures last week to a new bearish net position.
Read more Next
Start livechat