Breaking News

Stock Selloff Continues In New Week And CHF/JPY

By London Capital GroupStock MarketsJun 15, 2020 03:04AM ET

www.investing.com/analysis/stock-selloff-continues-in-new-week-and-chfjpy-200527693

By London Capital Group | Jun 15, 2020 03:04AM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

Stocks open lower after worst week since March.
China data disappoints.
Boris has a busy day ahead on Zoom.
European countries open up borders today.
Swissie-yen pulls back from 18-month tops before BOJ & SNB.

Inspiration

“Trading doesn't just reveal your character; it also builds it if you stay in the game long enough.” - Yvan Byeajee

Opening Calls

FTSE 100: 6,010 (+5 pts)

DAX: 11,731 (-218 pts)

S&P 500: 2,974 (-67 pts)

Asian markets turned lower in a nervy start to the new week. China shares were the outlier, trading flat despite industrial and retail data missing expectations. Central banks in Indonesia and Taiwan meet this week.

European shares are opening weaker. Fears of a second-wave are dampening the optimism surrounding several European counties opening borders to allow tourism today. The DAX has tumbled 400 points, taking it below the key 12,000 thresholds after the weaker data from China hurt the prospect of a quick rebound in orders for German exporters. The FTSE 100 is the exception to the rule, pushing higher. A weaker Sterling is increasing the value of overseas profits accounted for in pounds.

Forex

The dollar is renewing its comeback, gaining against most major currencies with the exception of the yen. The yen-strength could be a consideration for the BOJ on the first of its 2-day policy meeting. The risk off environment that is keeping the dollar bid is weighing especially on Sterling as PM Boris Johnson fires up his PC for an online meeting with EU leaders. The weaker action in the pound would suggest few bets on another ‘Wirral pathway to a deal’ moment.

Commodities

The stronger dollar is pulling gold lower and oil is rolling over with waning expectations for global growth after the China data missed. It’s a low-key day on the economic calendar so the best hopes for the market to re-evaluate growth expectations could come from the NY Empire Manufacturing Index. New York City was one of the epicenters for the pandemic in the US and now businesses are closed again in fear of looting from bad some actors during protests.

Chart: CHF/JPY (2-years)

CHF/JPY Chart

As the SNB and BOJ prepare to meet this week, the CHF/JPY currency pair has pulled back from 18-month resistance at 114.5. The exchange rate has been especially range bound this year as investors sought both currencies as a haven during the pandemic.

Original Post

Add a Comment

3 Undervalued Stocks With 20%+ Upside to Keep on Your Radar for 2025... By Jesse Cohen - Dec 04, 2024 1

The three stocks I plan to discuss in this piece represent compelling value plays for investors seeking robust growth drivers at reasonable prices. Their above-average financial...

S&P 500 Almost at $6060: When to Expect a Correction By Dr. Arnout ter Schure - Dec 03, 2024 7

Using the Elliott Wave Principle (EWP) for the S&P 500, we found three weeks ago that: “if the index can stay at least above SPX5880, and especially last week’s low at...

US Stocks Expected to Earn Softer Results in 2025 Compared to the Last... By James Picerno - Dec 03, 2024 1

The long-term performance forecast for the Global Market Index (GMI) continued to increase in November, marking a full reversal of the recent slide in ex-ante data. Tuesday's...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

More Categories

1D1W1M6M1Y5YMax

US 30	44,921.5	+216.0	+0.48%
US 500	6,065.2	+15.3	+0.25%
Dow Jones	44,705.53	-76.47	-0.17%
S&P 500	6,049.88	+2.73	+0.05%
Nasdaq	19,480.91	+76.96	+0.40%
S&P 500 VIX	13.09	-0.21	-1.58%
Dollar Index	106.475	+0.135	+0.13%

Crude Oil WTI	70.22	+0.28	+0.40%
Brent Oil	73.93	+0.31	+0.42%
Natural Gas	3.018	-0.024	-0.79%
Gold	2,667.11	-0.79	-0.03%
Silver	31.348	-0.144	-0.46%
Copper	4.1883	-0.0137	-0.33%
US Soybeans	983.12	-7.88	-0.80%

U.S. 10Y	4.256	+0.033	+0.78%
U.S. 30Y	4.433	+0.040	+0.90%
U.S. 5Y	4.132	+0.028	+0.68%
U.S. 3M	4.498	+0.026	+0.58%
US 10Y T-Note	110.77	-0.20	-0.18%
Euro Bund	136.53	-0.28	-0.20%
10-2 Yield Spread	4.30	+3.52	+451.28%

Apple	242.65	+3.06	+1.28%
Alphabet A	171.34	-0.15	-0.09%
Tesla	351.42	-5.67	-1.59%
Amazon.com	213.44	+2.73	+1.30%
Netflix	902.17	+4.43	+0.49%
Meta Platforms	613.65	+20.82	+3.51%
Bank of America	46.82	-0.22	-0.47%

	Interest Rates	Next Meeting
FED	4.75%	Dec 18, 2024
ECB	3.40%	Dec 12, 2024
BOE	4.75%	Dec 19, 2024
SNB	1.00%	Dec 12, 2024
RBA	4.35%	Dec 10, 2024
BOC	3.75%	Dec 11, 2024
RBNZ	4.25%	Feb 19, 2025
BOJ	0.25%	Dec 19, 2024
CBR	21.00%	Dec 20, 2024
RBI	6.50%	Dec 06, 2024
PBOC	3.10%
BCB	11.25%	Dec 11, 2024

Stock Selloff Continues In New Week And CHF/JPY

Inspiration

Opening Calls

Shares

Forex

Commodities

Chart: CHF/JPY (2-years)

Related Articles