USD/CHF drops to 0.9142

The European morning saw the USD/CHF dropping almost 30 pips to trade at 0.9142 after a sideways Thursday till then. Greenback selling intensifies ahead of the Spanish and French bond auctions’ results.

The cross bounced to 0.9150 area. “Immediate support at 0.9150, near-term range lows and main bull trendline off 0.9000 base, comes under pressure and break here to weaken the structure and open next supports at 0.9120/00 area”, wrote Windsor Brokers analyst Slobodan Drvenica.

Note to the strengthening of the CHF, as the EUR/CHF cross has just dropped 8 pips to 1.2017.

USD/CHF Apr 19 at 12:33 GMT

0.9184/86 (0.27%)

H0.9196 L 0.9128

S3 S2 S1 R1 R2 R3
 0.9131 0.9154 0.9177 0.9185 0.9208 0.9231
Trend Index [?] OB/OS Index [?]
Data updated on Apr 19 a 12:15 GMT (15-minute timeframe)
Slightly Bullish Extremely Oversold

Comments

Post a Comment

Popular posts from this blog

MPs say Rupert Murdoch unfit to run company

Image
Rupert Murdoch is not fit to run a major international company, MPs said on Tuesday, finding him ultimately responsible for the illegal phone hacking that has corroded his global media empire and damaged the political establishment. But it split along party lines, with members from Prime Minister David Cameron's Conservative Party voting against the report, saying they did not agree with its view that the Australian-born Murdoch was not fit to run a major company. Cameron is facing criticism ahead of local elections this week that he was too close to the media tycoon, who won government approval to take over British pay-TV operator BSkyB, before dropping the bid when the scandal broke. The report said there had been huge failures in corporate governance which raised questions about the competence of Rupert's 39-year-old son, James. "News International and its parent News Corporation exhibited wilful blindness, for which the companies' directors -includin
Read more

Clinton confronts dissident case ahead of China talks

Image
Secretary of State Hillary Clinton arrived in  China  on Wednesday for top-level talks that risk being upstaged by the fate of a blind dissident whose supporters say is under U.S. protection in Beijing after escaping house arrest. Washington has not even commented on the whereabouts of the dissident, legal activist Chen Guangcheng, whose plight has overshadowed the Strategic and Economic Dialogue due to begin on Thursday. The United States hopes the talks will encourage greater Chinese cooperation on trade as well over  Iran , Syria, North Korea and other international disputes. Chen's friends and supporters have said he is probably inside the fortress-like U.S. embassy in northeast Beijing. The official silence about his fate from both Washington and Beijing has shown their eagerness to contain friction over his case. Relations could easily go awry, especially with the ruling Communist Party wrestling with a leadership scandal and a looming power succession. "O
Read more

Bharti Airtel Q4 net falls 28% to Rs 1006 crore, capex outlook between $3-3.2 billion

Image
NEW DELHI: Bharti Airtel, India's biggest mobile phone carrier by subscribers, reported its ninth straight quarterly profit decline as intense price competition and losses on foreign exchange eroded earnings.  Consolidated net profit fell to Rs 1,006 crore ($190.89 million) in the fourth quarter ended March from Rs 1401 crore a year earlier, Bharti said on Wednesday. The company said that the net income was impacted by higher costs on account of 3G license fee amortisation ( Rs 106 crore), 3G interest costs (Rs 84 crore),  forex fluctuation losses (Rs 132 crore) and tax provisions (Rs 198 crore).  The revenue grew at 11.6% for the full year in India & South Africa, mainly contributed by stability in pricing accompanied by growth in customer numbers. Africa, after adjusting for the number of days in Q1 FY11, grew by 18.8% in $ terms, on the back of network expansion and growing customer base.  The consolidated EBITDA margins for the full year dropped to 33.2% versus 33.7% i
Read more