Blogs

The market continues to look tepid over the past few sessions For bank trade ideas, check out eFX Plus Sellers are still defending the near-term bias after holding at the 100-hour MA (red line) in trading yesterday but again struggled to find a firm break under the support region around 1.1213-27 despite brief risk jitters […]

100 hour MA at 0.9489 The USDCHF has continued to find willing buyers against its 100 hour MA. That MA (blue line) currently comes in at 0.94894. That is the good news for the dip buyers. The not so good news is that apart from one run higher that has seen the price move up […]

Down -$0.42 or -1.09% Looking at the hourly chart above, the price stayed mostly above its 200 hour moving average currently at $37.64. A move back below that level with momentum should solicit more selling pressure with the $37.07 swing low from June 9 and again yesterday followed by the 100 hour moving average at […]

EUR/USD  USD/JPY  AUD/USD For bank trade ideas, check out eFX Plus

Comments by SNB chief, Thomas Jordan – Swiss franc came under strong upward pressure due to search for safe havens – Low point in Swiss economic activity came in April Well, at least he is not trying to beat around the bush with it but the rise in sight deposits data pretty much reaffirms what […]

SNB announces its latest monetary policy decision – 18 June 2020 – -0.75% – Sight deposit interest rate unchanged at -0.75% Pretty much as good a non-event as can get as the SNB keeps policy unchanged and maintained that they will keep intervening strongly to limit the appreciation of the Swiss franc – as they […]

The Swiss central bank releases its latest financial stability report – Credit quality in Switzerland and abroad is expected to deteriorate – Worse-than-expected developments would weigh further on banks' profitability For bank trade ideas, check out eFX Plus

Yi Gang adds that yuan denominated assets remain attractive – cites high yield compared with other currencies — The way to read his 'monetary policy still in normal range' comment is that there is room for further accommodation. 

A rate cut from China  – that's a hefty cut from the Bank  Another central bank rate cut. Aimed at supporting economies in the wake of the coronavirus outbreak and containment response.  

Onshore yuan mid rate setting from the People's Bank of China for the session ahead   The Bank allow a + / – range of 2% from this central rate for the onshore yuan (CNY) to trade for the session