Via Bloomberg The options market is pricing in the possibility of EURCHF below parity in 12 months time. The strength of the CHF is a constant concern for the Swiss National Bank keen to defend its export market.
Blogs
European indices close with mixed results
Spain's Ibex leads the way higher. German Dax near unchanged The European indices are closing with mixed results. A look at the closing levels are shows:
EURGBP races to highest level since April 22
Trades above May highs The EURGBP has moved higher into the London fixing and keeps the gains. In the run up, the price has moved above the swing high from yesterday at 0.88054 and the May 4 high at 0.88133. The price has moved to high of 0.8830. The next target are the swing highs […]
Ups and downs in the USDCAD
USDCAD trades down a few pips in up and down trading. The USDCAD extended the gains from yesterday to even higher highs in the early Asian session. The price moved above the 50% retracement of the move down from last week's high at 1.40355 (see hourly chart below). The pair peak just ahead of the 61.8% retracement at
USDCHF cracks below its 100 day moving average
Stay below the moving average is more bearish The USDCHF has cracked below its 100 day moving average at 0.96865 (blue line). If the price can stay below that level the bears will remain in control.
USDJPY corrects gains from yesterday
Watching intraday trade levels on the correction The USDJPY trended higher yesterday with the pair staying in a channel and above the 100 bar MA on the 5-minute intraday chart (the 5 minute chart works well in a trend move).
EURUSD tests 200 hour MA and 38.2% retracement
On Friday, the MA (and trend line) stalled the rally. The EURUSD is of testing its 200 hour moving average and 38.2% retracement at 1.0862-64 area. Recall that on Friday the price tested the 200 hour moving average and topside channel trendline, only to find willing sellers against the risk defining lev
Cable runs into test of 100-hour moving average as dollar slips on the session
GBP/USD buyers approach a test of the key near-term level See here for global coronavirus case data The drop in the dollar sees cable run to a high of 1.2367 before backing off a little, as the topside move runs into resistance from the 100-hour MA (red line) @ 1.2364.
Dollar falls across the board as equities nudge higher
The greenback slips to its lows for the day In the currencies space, that is seeing the dollar fall across the board as EUR/USD now moves to a high of 1.0837 and AUD/USD has climbed back above the 0.6500 handle.
EUR/USD buyers try to wrestle back some near-term control to start the session
EUR/USD nudges a little higher to test key near-term levels See here for global coronavirus case data The pair moves to a session high of 1.0828, and is testing the 100-hour MA (red line) currently @ 1.0820 as buyers look to try and wrestle back some near-term control following a brief dip under the 1.0800 […]