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EURCHF Jumps On SNB Threats
30Gapping higher in the European session, the EURCHF currency pair jumped on surprising comments made by Switzerland’s central bank. Threatened by the Swiss franc’s recent appreciation, Swiss National Bank President
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Japanese Economic Growth Plunges, Sparks G-7 Intervention Talk
30Failing to even meet market expectations, gross domestic product for the world’s third largest economy declined in the second quarter. According to the Cabinet Office in Tokyo, Japanese growth contracted
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Obama Talks US Economy, FX Markets Listen
30It’s the big day. Tonight on national television, US President Barack Obama will take the stage and once again address the issues of economic growth in the world’s largest economy.
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USDCNY: Will Chinese Data Show Slowdown Risk?
30Market traders won’t only be looking to the US economy and President Obama’s speech today. With plenty of Chinese economic data scheduled as well, there will be a lot of
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Don’t Expect USDJPY To Be Another USDCHF
30Now that the Swiss National Bank has a currency cap, many in the market are wondering if the Bank of Japan will follow suit. The USDJPY exchange rate has broken
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More EURCHF Weakness Expected
30Currency traders have been buying up the EURCHF currency cross since yesterday – helping the pair to rise above the 1.1600 big figure. But, this momentum isn’t likely to last
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Is This A Turn For GBPJPY?
30Testing the 128.00 resistance level, EURCHF spot looks be headed for a short term decline. A failure to break above the big figure barrier would support this measure as major
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Low and Behold: 5 Currencies Hitting Record Lows
30With all the news surrounding the European Union debt crisis and the US debt ceiling limit debate, traders have been focused purely on the major currencies – especially against the
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GBPAUD Rises Above 1.4900 Support
30Currently trading at 1.4927, the GBPAUD cross pair looks ripe for a momentous jump higher. But, this remains contingent on current support at the 1.4900 big figure. The level is
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EURUSD – A Short Opportunity
30And the selling looks like it’s going to continue. Following last night’s dead cat bounce, the EURUSD continues to look weak heading into late New York morning trade. Current resistance
