The Swiss franc was varied against its major counterparts in trading on Thursday morning in New York. The franc saw little movement against the buck and yen, but saw weakness against the pound and strength versus the euro. The currency moved with little economic news from the area.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 6:15am
Versus the yen, the Swiss currency saw little direction into trading on Thursday. As action moved into the mid-morning, the franc bounced between a high of 99.09 and a low of 98.62. Bank of Japan Deputy Governor Kazumasa Iwata said Thursday that Financial Market turmoil and a U.S. housing market decline resulting from the subprime crisis may pose a real danger to economic growth in Japan.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 6:13am
In trading against the euro on Thursday, the Swiss currency saw strength. By the mid-morning action, the franc had advanced to a mark of 1.6606. The pair moved as the European Central Bank maintained its key interest rate at a six-year high for the third straight month on Thursday.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 6:12am
The Swiss currency fell against its British counterpart in trading on Thursday morning. The franc dropped to 2.4018 versus the pound as action progressed. Traders considered data that showed the Bank of England held key interest rate on Thursday. The UK’s central bank maintained its key interest rate at a six-year high of 5.75% for the third straight month.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 6:11am
The Swiss currency moved little against its American counterpart in trading on Thursday morning. The franc bounced between a high of 1.1770 and a low of 1.1808. The pair moved as the U.S. Department of Labor released its report on initial jobless claims in the week ended September 29, showing that jobless claims rose more than expected.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 6:10am
The dollar climbed in mid-morning trading against the Swiss franc and reached a two-week high. The greenback began to rise at around 8:30 a.m. ET and has climbed to 1.1814 against the franc. The rally took the buck away from a 2 ½ year low, reached late last week.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 5:52am
Commentary: The USDCHF is in a very interesting position. The rally from the low (1.1623) may be a 5 wave rally. Waves i and iv do overlap but Elliott?s…
Originally from Currency Trading News by DailyFX on October 4, 2007, 8:47am
In the early Asian deals on Thursday, the British Pound showed choppy trading versus the Swiss Franc. But the pair edged lower towards the end of the session and slipped further during the early European deals. The Pound fetched a low of 2.3900 by about 3:50 am Eastern Time.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 3:55am
The Swiss franc moved slightly down against the US dollar during the Asian deals on Tuesday but gained ground by about 2.25 am ET. Moving from 1.2044, the franc hit as high as 1.1975 of a dollar lately. If the pair strengthens further, 1.1928 can likely be the next target level.
Originally from RTT - Currency Trading Alerts on August 28, 2007, 3:19am
Commentary: The structure is bearish as long as price is below 1.2165. But rally from 1.1815 is in 5 waves, which sets the stage for additional gains.
Originally from Currency Trading News by DailyFX on August 9, 2007, 10:24am