Friday, January 15, 2016

GBPCHF As At January 15, 2016

Today we saw quite a drop in this pair.


Price has fallen through support and may well be continuing when the markets reopen


We have a small divergence between the price and the oscillator which may indicate that the fall will stop or at least slow down

Some Factors.

As time passes, Britain is going to have to decide whether or not to leave the European Union. This is causing anxiety in Europe and also with the institutional traders.

A slower growth outlook is putting strain on the value of the pound.

Many large firms are starting to target the Pound for greater losses:

Some Commentary:

USD/CHF, EUR/CHF, GBP/CHF, AUD/CHF: Technical Outlook - FX Empire
Wed, 13 Jan 2016 11:49:00 GMT
Repeated failures to surpass 1.5530-70 horizontal resistance-line, encompassing highs marked September 2014 and the January and November 2015, dragged the GBPCHF below 200-day SMA; however, the pair recently bounced from 1.4400 – 1.4390ᅠ...

Breaking: Turkish Regulator Reduces Leverage for Small Accounts - Finance Magnates
Thu, 14 Jan 2016 20:21:00 GMT
In addition, other currency pairs, including the GBPUSD, GBPCHF, USDCHF, among other instruments, will have their maximum leverage limited to 25:1. However, for new or current accounts greater than the 20,000 TRY threshold, the max leverage for theᅠ...

Growing Minority Sees British Pound Heading to Level of Thatcher Era - Bloomberg
Fri, 15 Jan 2016 16:52:11 GMT
The pound is quickly running out of friends. And its biggest enemies see the British currency falling to levels last seen during the reign of Margaret Thatcher. Deutsche Bank AG last year was already predicting a plunge in 2016 to $1.27, a level that ...

British Pound Decline v US Dollar and Euro Continues Despite Sanguine Bank of ... - Pound Sterling Live
 Fri, 15 Jan 2016 07:44:00 GMT
It is no wonder then that the British pound exchange rate complex is one of the worst performers in 2016. Money markets have pushed back expectations for the first interest rate rise to 2017; sterling has fallen in sympathy. “The case for an early move ...

No comments:

Post a Comment

Newer Post Older Post Home