Mid-Day Report: Swissy Strengthens in Consolidation Markets

By ActionForexDec 22, 2008 07:00PM ET

www.investing.com/analysis/technical/mid-day-report%253A-swissy-strengthens-in-consolidation-markets--15344

Mid-Day Report: Swissy Strengthens in Consolidation Markets

By ActionForex | Dec 22, 2008 07:00PM ET

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Markets remain steady after another round of poor data from US. Existing home sales dropped sharply by -8.6% in Nov, making another record low since record began in 1968. New home sales dropped -2.9% to 17 year low of 407k. House price index dropped -1.1% in Oct. Though, final reading of U of Michigan consumer sentiment was revised up to 60.1 in Dec. Q3 GDP growth was finalized at -0.5% while personal consumption growth was revised lower to -3.8%.

In the UK, the third quarter current account deficit came in at 7.7B pound, better than consensus of 11.9B pound but worse than the upwardly revised 6.4B pound in Q2. The UK’s Q3 GDP was revised down to -0.6% qoq as services sector contracted -0.5% on the quarter, the greatest decline in 18 years. Manufacturing output also plunged 1.4% over the quarter. The Eurozone reported October current deficit of 4.8B euro, slightly lower than the revised 4.2B euro in September.

Swiss Franc is so far the biggest winner today topping the top movers chart with GBP/CHF, USD/CHF, CHF/JPY and EUR/CHF. In particular, EUR/CHF has now taken out mentioned 1.5163 support which adds more credence to the case that rebound from 1.4315 has already completed at 1.5880. Further fall is now in favor to retest this low and Swissy may start to displaying stronger momentum in other crosses comparing to Euro crosses.

Daily Technical Strategy By Lloyds TSB Corporate Markets - Jan 05, 2009

EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...

Technical oscillators supporting the~bullish trend for the USD/CHF... By Finotec - Jan 05, 2009

USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...

January 06 analysis By Investija - Jan 05, 2009

In this PDF you will find the latest technical analysis published by Forex Trends

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4.50%

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0.25%

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2.75%

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3.50%

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3.10%

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May 07, 2025

US 30	40,237.0	+643.3	+1.62%
US 500	5,361.3	+93.3	+1.77%
Dow Jones	40,212.71	+619.05	+1.56%
S&P 500	5,363.36	+95.31	+1.81%
Nasdaq	16,724.46	+337.14	+2.06%
S&P 500 VIX	37.56	-3.16	-7.76%
Dollar Index	99.890	-0.720	-0.72%

Crude Oil WTI	61.50	+1.43	+2.38%
Brent Oil	64.76	+1.43	+2.26%
Natural Gas	3.527	-0.030	-0.84%
Gold	3,244.60	+67.10	+2.11%
Silver	31.910	+1.151	+3.74%
Copper	4.5230	+0.1865	+4.30%
US Soybeans	1,042.75	+13.75	+1.34%

U.S. 10Y	4.495	+0.072	+1.63%
U.S. 30Y	4.875	+0.006	+0.12%
U.S. 5Y	4.168	+0.098	+2.41%
U.S. 3M	4.325	+0.006	+0.14%
US 10Y T-Note	109.73	-0.86	-0.78%
Euro Bund	130.98	+0.62	+0.48%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	198.15	+7.73	+4.06%
NVIDIA	110.93	+3.36	+3.12%
Alphabet A	157.14	+4.32	+2.83%
Tesla	252.31	-0.09	-0.04%
Amazon.com	184.87	+3.65	+2.01%
Netflix	918.29	-2.88	-0.31%
Meta Platforms	543.57	-2.72	-0.50%

Mid-Day Report: Swissy Strengthens in Consolidation Markets

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