PMT Forum
How do you want to make money today?

USD / CHF (USDCHF)

daworm · 43 · 16014

MetisEtradePR

  • Forum Tambay 200
  • ***
    • Posts: 252
    • Likes Received: +0/-0
Reply #30 on: Oct 01, 2014, 07:22 PM


The manufacturing sector of the United States has generally been recovering since the contraction last June 2013. Since this contraction, data on manufacturing PMI (an index which monitors employment, production deliveries, production inventories and new orders in the manufacturing sector) consistently revealed an index above 50.0 indicating an expansion. Last August, the manufacturing sector expanded the most since 2011 with a PMI at 59.0 led by a surge in orders for plastics and metals. Tonight, data regarding the manufacturing PMI for the month of September will be released. Although the September data is projected to retrace to 58.6 from the previous month’s 59.0, the historical data of the index confirms that US economic conditions have really been improving for these businesses.

Given this, a buy position in the US Dollar is recommended.


MetisEtradePR

  • Forum Tambay 200
  • ***
    • Posts: 252
    • Likes Received: +0/-0
Reply #31 on: Nov 26, 2014, 07:03 PM


Last night, the revised economic growth of US for the third quarter was released to be higher than previously estimated. Due to the trade deficit in September, economic growth was expected to be revised down to 3.3% from the first estimate of 3.5%. The data last night revealed that the US economy grew at a 3.9 percent annualized rate due to higher domestic consumption. A separate report showed that consumer confidence unexpectedly declined to a five-month low for the month of November indicating that consumers were less optimistic about conditions of the economy. Although consumer optimism fell, consumption will possibly still be strong in the last quarter as the holiday season comes in. Additionally, the positive outcome of low energy costs are still expected to take effect on US growth in the next quarter.


MetisEtradePR

  • Forum Tambay 200
  • ***
    • Posts: 252
    • Likes Received: +0/-0
Reply #32 on: Jan 07, 2015, 05:19 PM


Support and Resistance Level

USDCHF recently broke up from its three-month wedge chart pattern formation. The channel resistance of this chart pattern formation became the support level of the currency pair at 0.98822. A buy position should be taken after bouncing back from the 0.98822 in order to capture the possible retest of this level. Profit-taking should be done before the 1.01346 resistance level is reached.

Trend Indicators

The 10-day (red line), 20-day (blue line) and 100-day (orange line) simple moving average of USDCHF confirms that the currency pair has generally been moving in an uptrend. The SMAs can serve as a support level of the uptrend.

Oscillators

The relative strength index of the USDCHF four-hour chart reveals that the currency pair is overbought at 72.48. A break of the uptrend confirms that the currency pair will possibly temporarily go down. However, the currency pair will still generally be moving in an uptrend as long as the RSI level is above 40.0.


bajoyjoy

  • PMT Idol 1500
  • ****
    • Posts: 1,859
    • Likes Received: +12/-0
Reply #33 on: Jan 15, 2015, 08:22 PM

OMG! i just saw in the news, SNB unexpectedly removes ceiling on euro forex rate, and USDCHF plummets by 2k+ pips!!! I hope prospera and PMT fx traders made a killing here!



Prospera

  • PMT Idol 1500
  • ****
    • Posts: 1,911
    • Likes Received: +1/-0
Reply #34 on: Jan 16, 2015, 05:00 PM
Nose-bleed worthy but here's hoping this article helps:

http://www.efxnews.com/story/27579/snb-bombshell-aftermath-thoughts-15-major-banks



bajoyjoy

  • PMT Idol 1500
  • ****
    • Posts: 1,859
    • Likes Received: +12/-0
Reply #35 on: Jan 16, 2015, 06:56 PM
Meron kayang effect sa gold itong currency market volatilty. Would there be flight to gold as safer haven or lalong babagsak ang gold?

I'm also thinking what effect this would have to our local stock market.
« Last Edit: Jan 16, 2015, 06:57 PM by bajoyjoy »


Prospera

  • PMT Idol 1500
  • ****
    • Posts: 1,911
    • Likes Received: +1/-0
Reply #36 on: Jan 17, 2015, 01:32 PM
For those interested in finding out the status of particular forex brokers following Black Thursday's CHF shocker:

http://forexmagnates.com/is-your-broker-weathering-the-chf-storm-real-time-updates/

PS: I'm glad it's business-as-usual for pepperstone.  :applause:


povillo

  • Newbie
  • *
    • Posts: 3
    • Likes Received: +0/-0
Reply #37 on: Jan 17, 2015, 09:53 PM
Newbie here. Would anyone comment on this development? The lifting of cap on the swiss francs against the Euros and its immediate impact on U$ trading. TIA


Prospera

  • PMT Idol 1500
  • ****
    • Posts: 1,911
    • Likes Received: +1/-0
Reply #38 on: Jan 18, 2015, 08:42 PM
The article below provides a concise explanation:

What happened to the Swiss franc and why it matters
Associated PressBy Ken Sweet, AP Business Writer | Associated Press – Sat, Jan 17, 2015 11:05 AM AEDT

NEW YORK (AP) -- One of the world's safest investments — the Swiss franc — has swung wildly this week after the central bank in Switzerland announced it would scrap its policy of limiting the rise of the currency.

It may seem like an arcane move, but it's not. The Swiss National Bank's surprise decision on Thursday caused the franc to surge against the euro and dollar, sending shockwaves through the global financial system.

Holders of Swiss francs profited handsomely, but many investors and brokerage firms, were pounded with losses. Two brokerage firms in London and New Zealand have announced huge losses and will have to close. A New York-based currency broker said clients suffered significant losses, and it needed an emergency loan to stay in business.

Read on at https://au.finance.yahoo.com/news/happened-swiss-franc-223804083.html


MetisEtradePR

  • Forum Tambay 200
  • ***
    • Posts: 252
    • Likes Received: +0/-0
Reply #39 on: Mar 06, 2015, 05:27 PM


Unemployment rate in the US for the past few months has been consistently better than the Federal Reserve’s target. Tonight’s report is expected to show that US unemployment rate for the month of February bounced back to 5.6%, better than January’s 5.7%. In 2014, unemployment for the whole year was reported to be the lowest since 1999 confirming the improvement of US labor market. Economists forecast 240,000 jobs to be added in the US labor market. But apart from these headline figures, average hourly wages should also be looked into. Average hourly earnings are projected to have grown by 0.2% from the month earlier.


MetisEtradePR

  • Forum Tambay 200
  • ***
    • Posts: 252
    • Likes Received: +0/-0
Reply #40 on: Mar 23, 2015, 06:04 PM


The US CPI data to be released this week is expected to have increased by 0.2% for the month of February. This projected figure for February is higher than January’s 0.7% drop and December’s 0.3% drop. The decline in CPI for the past months was mainly due to lower gasoline prices. Core inflation, which excludes prices of food and energy, was positive at 0.4% in January. Given that the US economy is expected to have adjusted to the drop in gasoline prices, CPI growth for the month of February is projected to have recovered. Given that low inflation remains one of the concerns of the Federal Reserve, positive inflation data will have significant upside effect on the US Dollar.
« Last Edit: Mar 23, 2015, 06:08 PM by MetisEtradePR »


SuperForex

  • Forum Tambay 200
  • ***
    • Posts: 206
    • Likes Received: +0/-0
Reply #41 on: Nov 24, 2016, 07:44 PM
Technical analysis of the currency pair USD / CHF on 24/11/2016. The daily chart

General analysis
Last week, the currency pair USD / CHF has broken the upper border of the price channel 0.9950-0.9540. In which the price has moved from the end of November 2015. The channel line was broken and the price successfully closed above this level.

The width of the channel is about 400 points so that following the basic canons of technical analysis, we can expect significant growth franc in the medium term. It is likely that we will see 1.0300 on the franc in the near future.

The width of the channel has not fulfill itself for a hundred percent yet therefore we can expect continuation of growth of pair USD / CHF. However, at the same time traders should attentively follow the developments in a next few days since there is a high probability of the formation of the local maximum at this rate of growth.

Next few days
Considering all of the above signals we recommend to play long on the currency pair USD / CHF with a target point of profit-taking on the 1.0235 и 1.0320.

Up trend is still preserved as the top of the upward trend has still not been formed.

There is a possibility of short-term correction but after the results of the latest news from the Americas region general direction for the currency pair USD / CHF is growth.




SuperForex

  • Forum Tambay 200
  • ***
    • Posts: 206
    • Likes Received: +0/-0
Reply #42 on: Dec 16, 2016, 12:12 AM
Technical analysis of the currency pair USD / CHF on 15/12/2016. The daily chart


General analysis
On results of yesterday meeting of the Federal Reserve System, it was decided to tighten monetary policy
and increased the interest rate by 25 basis points to 0.75%. This decision instantly had its impact on the market and on the US dollar as well.
Yesterday's trading day closed with a total increase for 85 points by breaking local maximum price fluctuations in recent times - 1.0182.
Federal Reserve decision as well as rumors of further rate increase in 2017 pushed the dollar to rise.

Next few days.
we recommend to play long on the currency pair USD / CHF with a target point of profit-taking on the 1.0235 и 1.0320.
Up trend is still preserved as the top of the upward trend has still not been formed.
There is a possibility of short-term correction but after the results of the latest news from the Americas region general direction for the currency pair USD / CHF is growth.



 


PMT Shoutbox

Refresh History
  • Post only questions or comments here. Advertisements NOT ALLOWED.
  • mark_Lee: anong bago dito
    Jun 28, 2019, 01:03 AM
  • mark_Lee: balita
    Jun 28, 2019, 01:03 AM
  • Lovelyprincess72: hi everyone , I'm newbie here
    Jun 27, 2019, 02:36 PM
  • Niel Jhacoubs: Musta?
    Jun 26, 2019, 01:43 PM
  • Forexanalysis: Hello
    Jun 25, 2019, 06:33 PM
  • Niel Jhacoubs: Hello sa mga online jan! :)
    Jun 15, 2019, 02:58 PM
  • oragon: :applause:
    May 20, 2019, 03:53 PM
  • FutureGizmo: Thank you for reporting those spam posts, oragon! Spam posts now deleted.
    May 20, 2019, 01:59 PM
  • oragon: Admin kindly monitor some peps! posting and sharing inappropriate nude photos and website links
    May 20, 2019, 01:52 PM
  • @culinary10: Hello I am new here! Regarding sa bdo life insurance for 8 years, pwede pa kaya ma refund yung binayad ko na 50k last year? Gusto ko sana icancel kasi lack of financial na, last may 15 2018 po un nag start ako ng life insurance, pinili ko annually kaso etong may 15 2019 wala nako ma ipay so gusto ko sana icash out, may alam ba kayo kung pano marerefund?
    May 17, 2019, 07:56 PM
  • FutureGizmo: Hi Sonny, the posting issue is now resolved. Thanks for informing us! We're currently testing a new, mobile-ready theme so let us us know kung may problema pa sa Forum. :)
    Apr 04, 2019, 10:40 AM
  • sonny.wapak: Nakaka receive din ba kayo nito pag gawa ng new post? "Please try again. If you come back to this error screen, report the error to an administrator."
    Apr 03, 2019, 10:56 PM
  • leonine_zafiro: what product nun?
    Apr 01, 2019, 10:25 PM
  • dhondiex27: hi
    Mar 30, 2019, 10:55 PM
  • lusart: jayrob i agree 200%. hulog ng langit organico. legit na legit
    Mar 29, 2019, 09:08 AM
  • palemelch: Hi
    Mar 28, 2019, 04:08 PM
  • O.C.W._AK: Magandang Araw sa Lahat! Blessings! (",)
    Mar 28, 2019, 08:42 AM
  • thor15: hello everyone, newbie here
    Mar 25, 2019, 01:47 AM
  • captjaylo: present newbie here
    Mar 22, 2019, 10:06 AM
  • balboagilbert26: hello Guys .. Newbie here
    Mar 21, 2019, 10:55 PM
  • businesswoman2019: @jefsanity nag inquire na po ako pero di sila nagdidisclose. Yung branch po kasi na target ko, currently building pa.
    Mar 21, 2019, 04:27 PM
  • jefsanity: @businesswoman2019, much better inquire ka na lang sa admin nila.
    Mar 21, 2019, 01:51 PM
  • businesswoman2019: Hello! Any idea how much ang stall sa waltermart. 2m x 2m
    Mar 21, 2019, 08:28 AM
  • John Neil: Looking for an accredited iron foundry
    Mar 17, 2019, 03:19 PM
  • jayrob: Mark_Lee ung organico legit po yan..  Member din AQ..
    Mar 17, 2019, 12:57 AM
  • perlymelad: Hello po! Need advice, why my new MLM leaders failing?
    Mar 14, 2019, 08:51 PM
  • perlymelad: Present
    Mar 12, 2019, 07:53 PM
  • kennethmauricio: Hi saan po dito pwede mag post ng for sale properties?
    Mar 11, 2019, 07:58 PM
  • jefsanity: @mark_lee isipin mo anu passion mo at skills mo...
    Mar 11, 2019, 06:52 PM
  • sniperaj09: BAGO LANG
    Mar 10, 2019, 11:16 AM
  • mark_Lee: magandang investnent ngayon sa 30k suggest naman keo mga boss
    Mar 10, 2019, 03:07 AM
  • perlymelad: E-BOOK PO SIR @JEFSANITY
    Mar 09, 2019, 05:40 PM
  • perlymelad: @jefsanity Good Morning Po
    Mar 09, 2019, 05:39 PM
  • perlymelad: Good Day everyone
    Mar 04, 2019, 06:24 PM
  • jefsanity: anu ang small business na yan?
    Feb 28, 2019, 07:40 PM
  • perlymelad: Good Day Everyone
    Feb 28, 2019, 03:31 PM
  • perlymelad: Hello everyone, CAN ANYONE HELP ME SUGGEST ANY SIDE TOPIC  / PROBLEM OF  STARTING SMALL BUSINESS?
    Feb 28, 2019, 06:58 AM
  • perlymelad: Present, 1st time po
    Feb 25, 2019, 06:17 PM
  • jd2281: newbie po
    Feb 25, 2019, 12:26 PM
  • ejllantino: present... 1st time
    Feb 24, 2019, 07:14 PM
  • rheiel: present. first time
    Feb 24, 2019, 11:04 AM
  • MELVIE: thanks po
    Feb 24, 2019, 12:50 AM
  • steph123: hello po, ask lang po, ilang months po ba ang hihintayin after mo ma process ang mga documents para maitama ang mali sa NSO?
    Feb 11, 2019, 03:13 PM
  • Deborah: newbie here.thanks
    Feb 08, 2019, 02:17 PM
  • marj0503: hello im newbie here
    Jan 31, 2019, 10:53 AM
  • yan24: any one here planning to start a tesda skill training center
    Jan 26, 2019, 12:07 PM
  • manzjon: Forex trading forum
    Jan 25, 2019, 02:16 PM
  • Lizette Ramos: Pwede po bang patulong... Maganda po ba ang gasul retailing business?
    Jan 24, 2019, 09:14 PM
  • Imnobody: Hi sino naghahanap ng casino financer dito?
    Jan 16, 2019, 09:59 PM
  • Odlanyer22: Good day!
    Jan 16, 2019, 09:55 PM