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Feb 13, 2012 12:23AM GMT
New York London Tokyo
Traders Reduce Risk in Stocks and Sell USD CHF
By James Hyerczyk | Economic Calendar | Jul 24, 2008 06:49PM GMT
The USD CHF broke on the weakness in the U.S. stock market. Today's break in the stock market was caused by profit-taking in the financial stocks and the perception that consumers will be cutting back on spending.
Traders reduced their demand for risk and reward by paring back positions in the USD CHF.
Some traders feared a return to the bearish conditions seen earlier in the month. This encouraged a return to a safer currency like the Swiss Franc.
Look for the start of a pullback to 1.0207 to 1.0161. The first line of support is 10250. The main resistance is at 1.0391 to 1.0396.
Traders reduced their demand for risk and reward by paring back positions in the USD CHF.
Some traders feared a return to the bearish conditions seen earlier in the month. This encouraged a return to a safer currency like the Swiss Franc.
Look for the start of a pullback to 1.0207 to 1.0161. The first line of support is 10250. The main resistance is at 1.0391 to 1.0396.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
CFDs Quotes
| SPX 500 Futures | 1346.05 | +5.55 | +0.41% | |||
| NQ 100 Futures | 2558.10 | +9.60 | +0.38% | |||
| US 30 | 12801.23 | -89.23 | -0.69% | |||
| DAX | 6692.96 | -95.84 | -1.41% | |||
| UK 100 | 5852.39 | -43.08 | -0.73% | |||
| Japan 225 | 8975.50 | +28.33 | +0.32% | |||
| US Dollar Index | 78.97 | -0.14 | -0.18% |
CFDs Quotes
| Gold | 1726.35 | +1.05 | +0.06% | |||
| Silver | 33.748 | +0.144 | +0.43% | |||
| Copper | 3.882 | +0.020 | +0.52% | |||
| Crude Oil | 99.65 | +0.62 | +0.63% | |||
| Natural Gas | 2.429 | -0.048 | -1.92% | |||
| US Cotton No.2 | 91.03 | +0.65 | +0.72% | |||
| US Coffee C | 218.60 | +0.00 | +0.00% |
CFDs Quotes
| Euro Bund | 138.66 | +1.41 | +1.03% | |||
| Italian Govt. B. | 102.45 | -1.63 | -1.57% | |||
| Euro BOBL | 125.23 | +0.71 | +0.57% | |||
| UK Gilt | 115.78 | +1.13 | +0.99% | |||
| US 2 YR T-Note | 110.26 | -0.02 | -0.02% | |||
| US 10 YR T-Note | 131.15 | -0.06 | -0.05% | |||
| US 30 YR T-Bond | 142.32 | -0.11 | -0.08% |
Recent Activity
Central Banks Rates
| Central Banks | Interest Rates | Next Meeting | |||
|---|---|---|---|---|---|
| FED | 0.00%-0.250% | 03/13/12 | |||
| ECB | 1.000% | 03/08/12 | |||
| BOE | 0.500% | 03/08/12 | |||
| SNB | 0.000% | 03/15/12 | |||
| RBA | 4.250% | 03/06/12 | |||
| BOC | 1.000% | 03/08/12 | |||
| RBNZ | 2.500% | 03/07/12 | |||
| BOJ | 0.100% | 02/14/12 | |||
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