Forex: USD/CHF jumps to 0.9360

FXstreet.com (San Francisco) - The US dollar is currently trading higher against the Swiss franc with the USD/CHF extending its gains from 0.9265 area and after breaking above the 0.9300, the pair is trading at the 0.9360 level.

The USD/CHF is trading now around 0.9865, 0.95% above opening price. The pair is slightly bullish according to the FXstreet.com trend index with indicators such as MACD, CCI and Momentum pointing higher while the Stochastic is bearish in the 15-minutes timeframe.

Above the 0.9360, next resistances are at 0.9380 and 0.9400. On the downside, supports are at 0.9310, 0.9280 and 0.9250.

May 2, 2013

Forex Flash: Moody’s and S&P clash over Slovenian downgrade – Deutsche Bank

In terms of the bourgeoning situation in Eastern Europe, S&P doesn't seem to agree with Moody's call in downgrading Slovenia to sub-investment grade. Indeed, S&P yesterday affirmed Slovenia's A- rating with a Stable outlook and said it does not expect Slovenia to use the ESM to meet funding needs. Investors will see if this will restart the bond sale process for Slovenia.” notes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.

Forex: USD/CAD climbs to 1.0080/85

The renewed strength of the greenback is pushing the cross to the area of 1.0080/85 on Thursday, just pips below session highs in the vicinity of 1.0090 and reverting the negative start...