empty
 
 
14.12.2017 06:36 PM
Fundamental Analysis of USDCHF for December 14, 2017

USD/CHF has been quite volatile recently having impulsive bearish and bullish daily candles. Recently, the Fed Funds Rate report was published, despite the increase in the rate to 1.50% from the previous value of 1.25 as expected, USD lost significant grounds against CHF, which is currently recovering. Today the Libor Rate report was published: it was unchanged as expected at -0.75%. The PPI report showed some increase to 0.6% from the previous value of 0.5%, which was expected to decrease to 0.3%. The SNB Monetary Policy Assessment and SNB Press Conference was also held today where the outcome was not quite favorable for CHF resulting to losing some grounds against USD very quickly. On the other hand, today the US Core Retail Sales report was published with an increase of 1.0% from the previous value of 0.4% which was expected to increase to 0.6%. Retail Sales report is expected to increase to 0.8% from the previous value of 0.5% which was expected to decrease to 0.3%. Import Prices increased to 0.7% as expected from the previous value of 0.1% and Unemployment Claims showed a decrease to 225k from the previous figure of 236k, which was expected to increase to 237k. The positive economic reports did help the currency to regain its momentum which was expected from the Fed Funds Rate increase recently. As of the current scenario, USD is expected to sustain the gain over CHF providing more push to surge higher in the coming days.

Now let us look at the technical view, the price has been impulsively bearish recently despite the Fed Funds Rate hike, which took the price all the way down towards the support area of 0.9830-50. Today, the price has been quite bullish with the gains having bounced off the support area with an aim of reaching the higher resistance area of 1.01. As the price remains above the 0.9830-50 support area, the bullish bias is expected to continue further.

This image is no longer relevant

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $8000 lebih banyak!
    Pada Maret kami mengundi $8000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback