EUROPEAN Trading Newsletter

To Get Started

Next Webinar

What moves currencies? - 2007 Market Outlook
Expert: Tony Juste
Start: Tue, Jan 2, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Analysis of the probable decision
- Market impact analysis

Current Session: Europe

USD/CHF

Daily Forex Technical Report - Dollar Weakens ahead of Manufacturing Day by ActionForex.com

USD/CHF's rise from 1.2115 was once again limited by 1.2270 resistance and reached 1.2269 only. Subsequent fall has extended further to as low as 1.2141 today. At this point, intraday bias remains on the downside as long as USD/CHF stays below 1.2208 resistance and further fall should be seen towards 1.2110 cluster support (38.2% retracement of 1.1878 to 1.2268 at 1.2119).

• Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
• Insight on the fundamentals in the Fundamentals section at FXstreet.com
• What´s next on the agenda? Take a look at our Economic Events Calendar
• What's going on in the markets? Read our latest Forex news

Other Topics for this Session:

Daily Technical Analysis - EUR: Rallying from retracement support by Mizuho Corporate Bank

Daily FX Forecast - Daily FX Forecast by S.A.F.E. Ltd

Charting the Market Movers

EUR USD, Hourly

GBP USD, Hourly

USD CHF, Hourly

USD JPY, Hourly

Top Market Movers Preview

EMU PMI

EMU economic indicators - Most EMU climate indicators are expected to have deteriorated in December by BHF-Bank

French consumer confidence might have stabilized in December, after having plummeted previously.
EMU industrial confidence and economic sentiment will probably decrease this month, just like most
of their national components. The RBS purchasing managers’ index (formerly Reuters PMI) for the
German manufacturing sector is likely to have improved in December, whereas the corresponding
EMU figure might have deteriorated.

Daily Forex Technical Report - Dollar Weakens ahead of Manufacturing Day by ActionForex.com