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Undoubtedly event of the day was the decision of the Central Bank of Switzerland regarding the limit of 1.20 to the Euro. The limit was introduced in September 2011. The price movement for the EUR / CHF is impressive even on a weekly interval, at times reached the level of 0.8500. Forex.com has suspended trading in CHF due to lack of liquidity. The value of time EURUSD reached 1.1575, range of motion at 200 points. Undoubtedly, today's session due to the very high strengthening of the Swiss curr…
fxdance's Blog
EUR/JPY RSI oscillator indicates very strong oversold
The graph EUR / JPY, we see the rapid downward movement came in around 136.65-137.00 support. Thus, the formation of a strong upward movement initiated a growth of 29 October last year was fully offset. RSI oscillator indicates very strong oversold in the vicinity of 18.70000. The course stopped at the line taken the vertices preceding autumn formations rise. The graph D1 can be seen that coming opportune time to take a buy position. Remains an open question whether this week or next week.
Fitch downgraded Russia to BBB- with a negative outlook
Fitch downgraded Russia to BBB- with a negative outlook. Another downgrading mean the speculative value of Russian assets and vice versa lasting investment capital. The sharp decline in oil prices significantly revalued prospects of the Russian economy. Fitch analysts explain the significant increase in grade reduction in interest rates, while the lack of access by Russian banks and companies to Western capital markets. Thus, the negative outlook for Russia ratinu not surprising.
Moreover, the…
Moreover, the…
US labor market support $
Friday's data from the US labor market support $ to other currencies - GBP, EUR, JPY. Investors expect solid economic growth in the coming quarters. No wage pressure is not inclined to rapid normalization of the Fed's monetary policy. Expectations regarding the beginning of the rise in interest rates now moved from April to June and September. These expectations are opposed to the situation of the economies of the Euro zone. At the same time the situation of the US economy keeps inter…