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Forex: USD/CHF at 0.9460 after US jobless claims

FXstreet.com (Barcelona) - The USD/CHF rose to as high as 0.9474 high on the European opening as Markit PMI data across Europe disappointed investors, also with a German manufacturing drop below the 50.0 threshold. Then, the market retraced gains back to the 0.9450 area before getting back up ahead of the US data. The pair trades at 0.9460 as of writing.

Already out was labor market data. US initial jobless claims rose from 334K (revised from 332K) to 336K in the week ending at March 17, still better than the expected 342K. Continuing claims of March-10 disappointed as it rose from 3.048M (revised from 3.024M) to 3.053M (consensus of 3.050M). Soon, US manufacturing and housing data will be published.

“We think today the pair may try to start another ascending movement to reach the level of 0.9500, form a new descending structure to break the level of 0.9380, and then continue falling down. The target is at 0.9250”, wrote Roboforex.com analyst Igor Sayadov.

Forex: USD/CAD bounces off lows to 1.0216/18 after Canadian retail data

The USD/CAD has managed to bounce off a session low of 1.0199 Thursday on the heels of economic data out of the US and Canada. Having bottomed out in this region, the cross has managed to pare a part of its losses to recover nearly 18 pips to settle at 1.0216/18 in these moments.
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