USDCHF Staggers Near Trendline Breakout

USDCHF Staggers Near Trendline Breakout

From orbex.com

The USDCHF currency pair bounced off a major 3-month trendline support at 0.9650 on Tuesday. At the said level, there also lays the regression medium-term trendline of the descending channel starting Apr 24. With the RSI (9) indicating more downside, we can expect a breakout of the 0.9650 level. This is likely to trigger an intermediate decline towards 0.96 and even lower in the medium/long-term. Before breaking the descending channel, however, we could see prices retracing higher. The signal is supported by the short-term RSI (9). The upside can be expected to end near the regression trendline of the descending ... (full story)

- Older Stories
UK Chief Negotiator: EU needs to evolve position to reach an agreement
From @DailyFXTeam|May 27, 2020|18 comments
tweet at 8:08am: UK Chief Negotiator says the EU needs to evolve position to reach an agreement tweet at 8:07am: UK BREXIT NEGOTIATOR FROST: THE POLICY ENSHRINED IN THE EU'S MANDATE ISN'T ONE THAT CAN BE AGREED BY US. tweet at 8:06am: UK BREXIT NEGOTIATOR FROST: THE MANDATE IN KEY AREAS IS NOT LIKELY TO PRODUCE AN AGREEMENT - WHEN ASKED IF EU BREXIT NEGOTIATOR BARNIER SHOULD HAVE A CHANGED MANDATE. tweet at 8:12am: BREXIT: UK CHIEF NEGOTIATOR FROST SAYS ON DATA ADEQUACY AND FINANCIAL SERVICES: WOULD BE GOOD IF THE EU MADE A DECISION SOONER
EU unveils plan to borrow 750 billion euros to aid economic recovery
From cnbc.com|May 27, 2020
The European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the region faces the worst economic crisis since the 1930s. The announcement ...
SNB's Jordan: Not Expect Rapid Recovery, Making Forecasts Very Difficult
From @LiveSquawk|May 27, 2020
tweet at 7:09am: SNB's Jordan: Not Expect Rapid Recovery, Making Forecasts At This Moment Very Difficult – RTRS tweet at 7:11am: #SNB Jordan: Using negative #interest rates and interventions particularly important at moment as Franc in demand as safe haven. Willing to intervene in currency markets more strongly. $CHF

- Newer Stories
China and Hong Kong Pressures are Having Limited Knock-on Effects
From marctomarket.com|May 27, 2020|3 comments
The S&P 500 gapped higher yesterday, above the recent ceiling and above the 200-day moving average for the first time since early March. The momentum faltered, and it finished ...
Fed's Williams: signs of an increase in economic activity
From @CableFxm|May 27, 2020
tweet at 9:33am: FED'S WILLIAMS: SIGNS OF AN INCREASE IN ECONOMIC ACTIVITY tweet at 9:35am: (DOVISH) FED'S WILLIAMS: THE CENTRAL BANK'S ENORMOUS ACTIONS TO BOOST LIQUIDITY HAVE HELPED MARKET FUNCTIONING. tweet at 9:37am: (DOVISH) FED'S WILLIAMS: WE NEED FISCAL POLICY TO PROVIDE INCOME TO HOUSEHOLDS, ALONG WITH LIQUIDITY EFFORTS, TO SUPPORT BUSINESSES AND THE ECONOMY. tweet at 9:38am: Fed’s Williams: Low Inflation Expected Over Next Year Or So tweet at 9:48am: (DOVISH) FED'S WILLIAMS: MAY OR JUN. COULD BE THE LOW POINT FOR THE ECONOMY BUT WE'RE STILL IN A VERY DIFFICULT SITUATION.
Google faces antitrust case in India over payments app - sources
From reuters.com|May 27, 2020|1 comment
India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five ...