日本語
Español
中文
- New York 08:06
- London 13:06
- Barcelona 14:06
- Tokyo 22:06
- Sydney 00:06
Daily FX Report
0
0
The USD/CHF keeps on trading in a zigzag movement
Fri, Jul 10 2009, 08:29 GMT
by Varengold Bank Research Team
Varengold Wertpapierhandelsbank AG
Good morning from rainy Hamburg and welcome to our last Daily FX Report for this week. The FOREX market presents itself very volatile, just as the last week. It seems that every new economic data or news influenced the trend between depression and hope. However, we wish you a nice weekend.
Market review
The GBP rose against the EUR and the USD after the Bank of England decided against extending its asset-purchase program and left the key interest rate at an all-time low at 50bps. The GBP/USD rose from 1.6072 to 1.6380 at its highest level, the biggest jump in almost three weeks and the EUR/GBP weakened 0.66 %. The Group of Eight leader avoided a discussion over the USD’s role as the world reserve currency as they agreed not to devalue their own currencies to promote their exports. The U.S. employment market strengthened surprisingly strong as shown by an unexpected decline of the initial jobless claims to 565,000 from 617,000 a week earlier, the lowest level since January. Today in Japan a report showed that the national producer prices fell to a record pace in June by 6.6 % after a revised sliding of 5.5 % in May. The JPY gained versus the GBP and the EUR 0.38 % rather 0.33 % in the early Tokyo trading hours, while the AUD/JPY and NZD/JPY rose on speculation that the recent losses had been excessive. The CAD increased against the USD from a multi-month low at 1.1681 to 1.1548 at its lowest level as advanced commodities and stocks boosted investor demand for commoditylinked currencies.
USD/CHF
The USD/CHF keeps on trading in a zigzag movement. After the currency pair touched during its youngest bearish movement the S1 pivot point, it rebounded and aimed its pivot point at 1.0828 again. The Momentum indicator shows also a sign for a further recovering phase. If the Momentum could cross its zero level, it may boost the bulls.
GBP/USD
Since the middle of June, the currency pair traded in a small horizontal range, but the bears prevailed and due to this fact the GBP/USD fell near to the important support level at 1.5985 on 8th July. Since that time it recovered and breached the third and second Fibonacci fans. Also the ADX suggests a well supported bullish trend and may assist to extend the trend.
Published on Fri, Jul 10 2009, 10:18 GMT
Archive
- The USD climbed to 90.62 versus the JPY
Published On Fri, Nov 6 2009, 11:08 GMT - The USD and the JPY climbed versus the EUR
Published On Thu, Nov 5 2009, 11:21 GMT - The GBP reached 0.8953 versus the EUR
Published On Wed, Nov 4 2009, 10:18 GMT - The USD gained against the JPY and reached 90.33
Published On Tue, Nov 3 2009, 10:25 GMT - The JPY increased to 80.80 against the AUD and even touched 79.47
Published On Mon, Nov 2 2009, 10:04 GMT
Varengold Wertpapierhandelsbank AG
| Große Elbstraße 27, 22767 Hamburg
http://www.varengold.de/ | info@varengold.de
Legal disclaimer and risk disclosure
This document is issued and approved by Varengold WPH Bank AG. The document is only intended for market counterparties and intermediate customers who are expected to make their own investment decisions without undue reliance on the information set out within the document. It may not be reproduced or further distributed, in whole or in part, for any purpose. Due to international laws/regulations not all financial instruments/services may be available to all clients. You should have informed yourself about and observe any such restrictions when considering a potential investment decision. This electronic communication and its contents are intended for the recipient only and may contain confidential, non public and/or privileged information. If you have received this electronic communication in error, please advise the sender immediately, and delete it from your system (if permitted by law). Varengold does not warrant the accuracy, completeness or correctness of any information herein or the appropriateness of any transaction. Nothing herein shall be construed as a recommendation or solicitation to purchase or sell any financial product. This communication is for informational purposes only. Any market or other views expressed herein are those of the sender only as of the date indicated and not of Varengold. Varengold reserves the right to consider any order sent electronically as not received unless it is confirmed verbally or through other means.Related reports
FX View - Headline unemployment rate creates dollar shocker by Interactive Brokers LLC
Fri, Nov 6 2009, 18:41 GMT
Forex Daily Overview - USD mixed, unemployment rises to 10.2% by Easy Forex
Fri, Nov 6 2009, 18:31 GMT
Weekly Market Commentary - Fed, BOE and ECB kept rates on hold by Mizuho Corporate Bank
Fri, Nov 6 2009, 15:45 GMT
Forex Daily Analysis - USDJPY is moving towards support level at 89.55 by Investija.com
Fri, Nov 6 2009, 14:35 GMT
Forex Technical Report - U.S. Markets Brace for Jobs Data by ForexHound.com
Fri, Nov 6 2009, 13:29 GMT
audjpy, eurusd, techbanks, cad, eurgbp, highlighted, nzdjpy, usdchf
View AllRelated content
Forex: EUR/USD: Euro post weekly gains
FXstreet.com | Fri, Nov 6 2009, 22:49 GMT
CURRENCIES: Dollar Dips Vs. Yen As Jobs Data Have Fed On Hold
Dow Jones | Fri, Nov 6 2009, 22:14 GMT
Mexico Stocks Close Higher As Peso Weakens; IPC Rises 0.5%
Dow Jones | Fri, Nov 6 2009, 21:42 GMT
U.S. markets ended with small gains, up for the week; Dollar mixed
FXstreet.com | Fri, Nov 6 2009, 21:32 GMT
Canada Afternoon: C$ Ends Lower, Underperforms On Weak Jobs Data
Dow Jones | Fri, Nov 6 2009, 20:40 GMT
audjpy, eurusd, techbanks, cad, eurgbp, highlighted, nzdjpy, usdchf
View All
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.