Search Results for: Swiss
EUR/USD breached 100-day SMA
April 7th, 2014
Pair’s Outlook As EUR/USD closed beneath the 100-day SMA last week, there is a good chance Euro’s depreciation will persist. But the sell-off will then face a number of formidable obstacles, meaning the decline may be short-lived. The first ...
NY bank regulator Lawsky seeks documents from Credit Suisse: source
April 7th, 2014
Benjamin Lawsky, New York’s financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland’s second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter. Switzerland’s private banking model ...
EUR/USD pushes through 100-day SMA
April 4th, 2014
Pair’s Outlook As the 55-day SMA failed to underpin the pair, now it is 100-day SMA’s turn to try to prevent further depreciation of the Euro. However, if this is not the case, the next significant support EUR/USD is ...
GBP/USD puts pressure on 1.6590
April 4th, 2014
Pair’s Outlook The monthly pivot point failed to keep GBP/USD afloat and thereby exposed 1.6590/87. And even though this support area is quite dense, consisting of the 55-day SMA and weekly PP, the Sterling is capable of falling deeper, ...
USD/JPY is calm before the storm
April 4th, 2014
Pair’s Outlook The bullish momentum we have been observing this week disappeared as the pair approached a key resistance represented by 104. But there are also fundamental reasons that keep traders from making bets for now, namely NFP. Once ...
EUR/USD bounced off monthly PP
April 3rd, 2014
Pair’s Outlook Despite a good start EUR/USD failed to preserve a bullish tendency and declined after touching the resistance at 1.3820/15, which is created by the monthly PP and 20-day SMA. Still, considering that there is a strong support ...
GBP/USD inclined to move away from 1.6712/09
April 3rd, 2014
Pair’s Outlook GBP/USD does not seem to be in a hurry to descend, but being that it has just recoiled from the rising resistance line, the pair may cede more ground from here. The immediate support is at 1.6591/89, ...
USD/JPY erodes resistance at 104
April 3rd, 2014
Pair’s Outlook As USD/JPY approached 104, the rate of the U.S. Dollar’s appreciation slowed down. However, the currency pair still retains the potential to surpass the 2013 highs, even though the technical studies in the near term do not ...
Credit Suisse Restates Fourth-Quarter Loss on U.S. Tax Provision
April 3rd, 2014
Credit Suisse Group (CSGN) AG, the second-biggest Swiss bank, restated its fourth-quarter loss after taking additional provisions related to the U.S. probe into whether the bank helped Americans evade taxes. The net loss amounted to 476 million Swiss francs ...
EUR/USD approaches monthly PP
April 2nd, 2014
Pair’s Outlook For now this week is bullish for EUR/USD, as it is about to post a third day of gains. Still, there are significant obstacles lying overhead and posing significant risks to the currency recovery, such as the ...
