US Dollar Climbs Higher; Swiss Franc Under Pressure

US Dollar Climbs Higher; Swiss Franc Under Pressure

By: Darryl Frankfort | Where To Trade | On:27-01-2015 10:03
Back

Key Highlights

  • US dollar moved higher against many major currencies especially against the Swiss Franc.

  • German IFO business sentiment index released by the CESifo Group increased from 105.5 to 106.7 more than the Forex market was expecting.

  • German IFO Expectations also registered an increase from the previous revised reading of 101.3 to 102.0 whereas the forecast was slated for a rise to 102.5.

  • German IFO Current Assessment was also released, which rose more than expected from the precious reading of 110.0 to 111.7 more than the forecast of 110.7.

  • Spanish Producer Price Index released by the INSEE decreased by 3.7% in December 2014, compared with the same month of the last year.

  • Euro traded a touch higher after trading as low as 1.1097 against the US dollar.

  • Swiss franc remained under pressure today, as it traded lower not only against the US dollar, but also against the Euro and British pound.

  • Dallas Fed conducts the Texas Manufacturing Outlook registered a reading of -4.4, compared to the last reading of 4.1.

Dallas Fed Manufacturing Index

Earlier during the NY session, the Dallas Fed conducts the Texas Manufacturing Outlook was released. The outcome was not positive, as the index fell to -4.4 In January 2015. Moreover, the previous reading was revised down from 4.1 to 3.5. So, overall the outcome was disappointing, which weighed on the US dollar in the near term. The report added that the production index, which is a key measure of state manufacturing conditions came in at 0.7. This indicates that the output was essentially unchanged from December 2014 to January 2015.

German IFO Business Climate Index

Earlier during the London session, there was an important release lined up in the Germany, as the IFO Expectations and Business climate index was released by the CESifo Group. The market was expecting an increase from the last reading of 105.5 to 106.3 in January 2015. However, the result was above the forecast as the German IFO business climate index jumped to 106.7. Furthermore, there were some other data released as well, including the German IFO Current Assessment. This was also on the positive side, as it rose from the last reading of 110.0 to 111.7. The most optimistic thing to note was the fact that this was the third successive increase in the German IFO business climate index. The German IFO Expectations was on the lower side, compared to the forecast. The market was expecting a rise from 101.1 to 102.5. However, it came in at 102.0, which was a bit lower. The report stated that the assessments of the current business situation were better. Moreover, the manufacturers also expressed greater confidence in near-term business developments.

Technically, the EURUSD pair earlier today traded lower below the 1.1100 level, which was a short-term support. There is a possibility of a chance for a move towards the 1.10 level moving ahead. However, a lot depends on the FX market sentiment and price action in the Euro.    

EURUSD Slow and Steady Uptrend

EURUSD Slow and Steady Uptrend

By: Ben Myers | Where To Trade | On:02-05-2015 11:21

Euro traded higher versus the US Dollar Intraday, and registered a new weekly high as buyers were optimistic after a report which points that better growth is possible in the Euro Area.

Euro Above 1.1200 And Looks Set For More Gains

Euro Above 1.1200 And Looks Set For More Gains

By: Simon Furman | Where To Trade | On:30-04-2015 11:11

Euro continued to gain momentum against the US dollar as the latter one weakened recently, which means there is more room for gains in the EURUSD pair.

EURUSD Moved Above 1.1000, Eyes a Test of 1.1040

EURUSD Moved Above 1.1000, Eyes a Test of 1.1040

By: Oliver Miller | Where To Trade | On:29-04-2015 11:06

UK Nationwide Housing Prices highlighting the value of the houses prices in UK and indicate current movements in the housing market posted an increase of 1% in April, compared to the preceding month.

EURUSD Looks Set To Break 1.0920

EURUSD Looks Set To Break 1.0920

By: Darryl Frankfort | Where To Trade | On:28-04-2015 10:53

Euro managed to gain bids during the London session against the US dollar, and it looks like the pair might break the recent high of 1.0920 to trade close to the 1.0950 level.

FX Market Continues To Consolidate Post Dollar Losses

FX Market Continues To Consolidate Post Dollar Losses

By: James Ansher | Where To Trade | On:27-04-2015 10:46

US dollar continued to weaken against a few currencies and managed to recover some ground against currencies like the Euro and the British Pound

StockPair

Press Release

YesOption Voted Best Technical Analysis by DailyForex

YesOption Voted Best Technical Analysis by DailyForex

August 12, 2014 - London, UK, - Leading online forex and binary options trading platform - www.yesoption.com has once again made the news by being awarded the prestigious award of ‘Best Technical Analysis of 2014’ ...
24option binary options broker review

24option binary options broker review

Plus500Findings.com is recently launched online to help traders decide which broker they could open an account. 24Option, one of the popular trading platform online is reviewed whether it is legitimate broker or scam. This reviews and findings are of great benefits for traders, especially for those novice ones, who are just starting in the trading industry. ...
Banc De Binary Expands Investment Research Service

Banc De Binary Expands Investment Research Service

Leading Investment Firm, Banc De Binary, which specializes in binary options trading, has added a new weekly video series and trading webinars to the investment research service that it provides to its clients. ...

Articles

Citigroup Inc. is to pay $25 million amends

Citigroup Inc. is to pay $25 million amends

Citigroup accepted to pay the amends without denying the accusation ...
Netflix added 7.1 million new subscribers

Netflix added 7.1 million new subscribers

Netflix Inc. managed to add in the last quarter of 2016 more subscribers than expected ...
The Federal Reserve Chair Janet Yellen is set to have another speech on Thursday

The Federal Reserve Chair Janet Yellen is set to have another speech on Thursday

On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy ...
StockPair

Featured Listings