Monthly archive February, 2017

Key Points

• The Euro recently failed near 1.0670 against the Swiss Franc and traded lower.
• There is a major bearish trend line with resistance at 1.0650 on the 4-hours chart of EURCHF.
• Recently, the Swiss Industrial Production for Q4 2016 Read More →

The response in currency markets to data releases over the past week has been instructive in that it has been counterintuitive.

In the wake of better than expected US January retail sales data, February regional PMI numbers and a Read More →

Key Points

• The US Dollar is in a downtrend against the Japanese yen with resistance on the upside at 113.40.
• There are two major bearish trend lines with resistance at 113.40 on the hourly chart of USDJPY.
• In Japan today, Read More →