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  1. EUR/CHF offered below 1.1667 – Commerzbank

    The offered bias in the cross is expected to remain intact while below the 200-day ma in the 1.1665/70 band, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.

    The pair euro to swiss franc stays offered below the 200 day ma at 1.1667. Loss of 1.1505 would imply a retest of the 1.1369 recent low. While dips hold over the 1.1505 area, an upside bias will remain. Key resistance above the 200 day ma is the 55 day moving average at 1.1773, together with the January ...
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  2. EUR/CAD drops to weekly lows near 1.52 despite ECB's tapering announcement

    The shared currency came under a heavy selling pressure after the ECB published its monetary policy statement and the euro equals dollar pair fell sharply to its lowest level since June 8 at 1.5205. As of writing, the pair was trading at 1.5215, losing 0.65% on the day.

    Although the knee-jerk reaction to the ECB's decision lifted the pair to a fresh daily high of 1.5360, it didn't take long before investors showed their disappointment.

    "The Governing Council will ...
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  3. USD/CHF loses bullish momentum

    The USD/CHF pair reached a daily high at 0.9980 ahead of the NA session and lost its bullish momentum to turn flat near 1 usd in chf at mid-0.99s.

    Although the greenback strength helped the pair extend its upside earlier in the day, the mixed macroeconomic data from the United States forced the US Dollar Index to erase a part of its daily gains. Today's data showed that housing starts increased by 5% in May to beat the market expectation of while building permits contracted by 4.6% ...
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  4. USD/MXN corrects lower, a top in place?

    The Mexican peso rose on Friday against the US Dollar and extended the recovery after hitting 16-month lows last week. The tone around the peso improved on Monday.

    USD/MXN reached last Friday at 20.96, the strongest since January. Afterward reversed sharply and dropped to 20.60. Today the pair approached 20.80 but turned to the downside. It broke a short-term uptrend line and fell to 20.50. You can see mexico vs canada online in a convert now

    The pair was about to post ...
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