USD-CHF focuses on resistances april 5 2012

forex trading outlook today - USD/CHF focuses on resistances april 5 2012 : Currencies that are paired with the U.S. dollar are going to stay within defined ranges for the next few months until we get more confirmation on what the Fed plans to do this year' - RJO FUTURES (based on CNBC)

Industry outlook
While supports at 0.9140, 0.9114 and 0.9066 prevent the currency couple from losing ground, USD/CHF is likely to carry on recovering. On the way towards 0.9595 it should encounter 0.9179, 0.9249 and 0.9263.

Traders' sentiment
The share of long positions has decreased considerably and is now 56%. On the other hand, short positions presently form 44% of the total amount of trades on USD/CHF.

Long position opened
The initial resistance level for the pair is 0.9197. If the price continues increasing, the investors will hold longs until the pair climbs up to 0.9236 or 0.9290.

Short position opened
Major market participants with short positions will hold their deals until the price slides down to the initial support level at 0.9104. If the price continues the downtrend, the dealers might wait for the price to depreciate down to 0.9050 or 0.9011

CHF trading outlook january 24 2012

forex trading outlook today - CHF trading outlook january 24 2012 : The USD/CHF trading at 0.9273 having opened this morning at 0.9369 The dollar fell against all major currencies as a Greek deal seemed to take shape and the French Minister held a press conference stating a deal will be on the table shortly.

As risk moved from the USD the dollar lost strenght as evident with this duo. Tomorrow we might see a deal or maybe not.

EUR/CHF Fundamental Analysis Jan. 24, 2012
The Manufacturing Purchasing Manager’s Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

Analysis and Recommendations:

EUR/CHF is trading 1.2073. in a surprised show of strength today, the euro surged pushing up by a EU report showing a boost in consumer confidence filed today, a leading indicator that predicts consumer spending, and plays a major role in overall economic activity.

Again, there have been promises of deal with creditors in Greece, but at this writing it is not clear if there is a deal or isn’t a deal, the EU leadership seems to think that a deal is doable, which has pushed the euro. Aided by a succesful German bond sale, the euro is showing confidence against all its trading partners.

IMF Christine Lagarde said euro zone governments should incorporate the region’s exiting bailout fund, the European Financial Stability Fund, into the European Stability Mechanism, increasing the size of the permanent bailout fund in order to restore investor confidence in the region.
Investors seemed to like this idea helping sustain the euro surge. Whereas the sterling, fell against the euro, with little economic support and continued worried about high unemployment in the UK

The pair have been trading strangely today, but a lot can be attributed to the possibility of the SNB interveening if the pair drops below the 1.20 level, if the collective market wishes to break under 1.2000 there is little long-term effect that the SNB can exert.