OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/CHF sideways trading at 0.9487/88

FXstreet.com (Barcelona) - The USD/CHF has traded sideways recently during US trading Tuesday, having been devoid of catalysts during the latter stages of the morning. In these moments the pair failed to make a break above 0.9500 level (0.9495 session high), trading positively at 0.9487/88 at the time of writing.

Briefing the technicals, the USD/CHF is slated to face calculated resistance at 0.9495, ahead of 0.9515, and finally 0.9570. Conversely, any attempt or subsequent movement lower will encounter means of support at 0.9455, then 0.9425 and finally the 0.9400 barrier, notes the ICN.com technical analyst team.

According to Sean Callow, an FX Strategist at Westpac, “Softer US data has provided some relief for the euro but Italy’s political debacle remains some way from resolution. ECB’s Draghi will struggle to maintain a positive tone on Thursday as investors will be keyed into any comments or new policy initiatives.”

Forex Flash: BoE easing eyed – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, We remain of the view that the BoE will ease further and that this easing will take the form of credit easing or other ‘unconventional unconventional’ measures, rather than purchasing more Gilts (although it is possible that further credit easing measures could be supplemented with more QE).” These measures could take a number of different forms, including extending the FLS, reducing the remuneration rate on central bank reserves and (even) the direct purchase of assets other than Gilts.
Read more Previous

Forex: EUR/USD testing lows around 1.2815/20

The shared currency keeps the negative path as we head towards the last part of the NA session on Tuesday, testing intraday lows in the area of 1.2815/20...
Read more Next
Start livechat