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Forex: USD/CAD capped at 0.9960, drops on American opening

25.05.12

“We would await the market to pullback a bit from these higher levels (0.9980/85), but as the polytechnic indicators have just turned positive for $/Cad we would hope for buyers to be in on any pullbacks to around the 0.9910 close. Buyers will hold longs unless a ruin of 0.9880 is posted”, wrote Carol Harmer, pointing to next resistances at 1.0062 and 1.0077 (200-day MA). © 2012 “FXstreet.com. The Forex Make available” All Rights Reserved. Every essay is made to provide accurate and complete report. However, with the thousands of documents available, often uploaded within knee-high to a grasshopper deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com constituents is expressly prohibited without the prior written cede of FXstreet.com. Trading foreign switch on margin carries a high up of risk and may not be suitable for all investors. The gamy degree of leverage can work against you as well as for you. Before deciding to selling foreign exchange you should carefully take into your investment objectives, level of event and risk appetite. The possibility exists that you could tolerate a loss of some or all of your initial investment and therefore you should not allot money that you cannot afford to lose. You should be cognizant of all the risks associated with foreign change trading and seek advice from an unbiased financial advisor if you have any doubts. Any opinions, expos, research, analyses, prices or other tidings contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as usual market commentary and does not constitute investment view. FXstreet.com will not accept liability for any disappointment or damage, including without limitation to, any impoverishment of profit, which may arise directly or indirectly from use of or trust on such information. Trading foreign change on margin carries a high consistent of risk and may not be suitable for all investors. The violent degree of leverage can work against you as well as for you. Before deciding to calling foreign exchange you should carefully have regard for your investment objectives, level of go through and risk appetite. The possibility exists that you could keep someone going a loss of some or all of your initial investment and therefore you should not provide money that you cannot afford to lose. You should be wise of all the risks associated with foreign dealing trading and seek advice from an beyond financial advisor if you have any doubts. Opinions expressed at FXstreet.com are those of the own authors and do not necessarily represent the thought of FXstreet.com or its management. FXstreet.com has not verified the preciseness or basis-in-fact of any claim or report made by any independent author: errors and Omissions may come about.Any opinions, news, research, analyses, prices or other facts contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as indefinite market commentary and does not constitute investment recommendation. FXstreet.com will not accept liability for any breakdown or damage, including without limitation to, any sacrifice of profit, which may arise directly or indirectly from use of or dependence on such information.

Source: FXstreet.com

Forex Flash: SNB could lift the floor in EUR/CHF in H2 2012 – UBS

25.05.12

FXstreet.com (Barcelona) - Last week was thoroughly an interesting one for the Swiss economy, as all indicators but January's UBS-CI have surprised to the upside: KOF -0.12 vs -0.15 expected, annualized GDP in the fourth quadrature 2011 has grown 1.3% against 0.9% estimated and February's SVME-PMI was up 49.0 from 47.3 in the aforesaid month. M.Mohi-uddin, Managing Supervisor of Foreign Strategies at UBS, remarked the hardening in the SNB's site after interim President T.Jordan confirmed the chief bank's commitment to defend the peg after stressing that the franc is still 'excessively, massively' overvalued. As a blunt consequence, the expert has suggested the investors should inspect the bank's next quarterly meeting, due on Parade 15. Ahead of this week, retail sales and business data will continue to gauge the constitution of the alpine economy, but most important of all, the CPI figures on Friday will be key in determining the tenable next steps by the monetary authority. As the analyst concludes, "if the latest CPI readings continues to show deflation worsening then we reckon on the SNB will raise the floor to 1.30 in the advance half of the year".

Source: NASDAQ