Search Results for: Swiss
USD/JPY bounced off 102.82/72
April 23rd, 2014
Pair’s Outlook The currency pair is currently retreating from the resistance zone consisting of the monthly PP and 100-day SMA. The immediate support is represented by the 20 and 55-day SMAs, but USD/JPY is likely to decline deeper, to ...
USD/ JPY ‘s rally halted by monthly PP
April 22nd, 2014
Pair’s Outlook Monthly pivot point at 102.72 turned out to be tough and unwilling to let the U.S. Dollar to advance further. Accordingly, we are likely to witness a bearish correction, which should be stopped either by the 55-day ...
EUR/USD breaches 55-day SMA
April 22nd, 2014
Pair’s Outlook Despite a plethora of ‘buy’ signals provided by the technical indicators on all relevant time-frames, the 55-day SMA failed to remain intact. This fact jeopardises the short-term bullish outlook we were inclined to believe in yesterday. Now ...
Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
April 22nd, 2014
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers. While the losses that their economists predicted have yet to materialize, JPMorgan Chase & Co. (JPM), Citigroup ...
High-Frequency Fight Starts in Foreign Exchange
April 17th, 2014
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month ...
GBP/USD attempts to surpass Fed high
April 17th, 2014
Pair’s Outlook After an eventless beginning of the week GBP/USD soared 100 pips and it is already testing a cluster of resistances around the recent Feb high. Should the bulls gain an upper hand, the rally will be expected ...
EUR/USD supported by monthly PP
April 17th, 2014
Pair’s Outlook The latest downward momentum did not prove to be strong enough to push the price beneath the monthly PP. Instead EUR/USD seems to be recovering from 1.3816/15, which could mean a test of the down-trend resistance line ...
Europe Stock-Index Futures Little Changed on Fed Remarks
April 17th, 2014
European stock-index futures were little changed, with equities heading for a weekly gain, as Federal Reserve Chair Janet Yellen reiterated the central bank will continue to support the economy. U.S. index futures were little changed, while Asian shares rose. ...
European Stocks Rise Before U.S. Data as Tesco Rallies
April 16th, 2014
European stocks rose the most in three weeks as investors weighed earnings reports and awaited data that may show American housing and industrial activity increased. U.S. index futures and Asian shares climbed. Tesco Plc advanced the most since 2012 ...
Credit Suisse profits down 34 percent
April 16th, 2014
Swiss bank Credit Suisse says net profit fell 34 percent in the first quarter as bond-market woes hurt earnings at its investment banking business. Profit fell to 859 million Swiss francs ($979 million) from 1.303 billion francs in the ...
