As a result that Switzerland and EU failed to agree on their future relationship, the investors of each economy are not able to trade stocks listed on each other's stock exchange since last Monday. While the impact for the long term is still not clear, some says there is no immediate impact on Swiss side and EU maybe more badly affected. Another source says high frequency traders will be the most affected badly.
>> [SWI] Has the EU scored an own goal with Swiss stock exchange freeze?
>> [Bloomberg] Swiss Stocks Trade Smoothly on Day One Without EU Recognition
In the meantime, some trend and momentum of CHF indicates that CHF could surge in a coming week. Picked up some better fitted ones, here is the trend and momentum of CHFJPY and USDCHF respectively.
[CHFJPY]
[USDCHF]
To check Forex trading signals, download Forex Signal by QROSS X.
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Friday 5 July 2019
Monday 1 July 2019
US Dollar surging as its trade tension with China eased 1-Jul-2019
After G20 conference in Osaka, US Dollar has been surging against other currencies as the market sees US's trade tension with China eased.
>> CNBC: Dollar advances to 2-week high after US-China trade tensions ease
The below charts describe AUDUSD and EURUSD respectively since the late last week.
[AUDUSD]
[EURUSD]
On 27-Jun last week, we picked up the Trend and Momentum for AUDUSD and EURUSD. Maybe coincident? or the signal just worked? Who knows...
To check Forex trading signals, download Forex Signal by QROSS X.
>> CNBC: Dollar advances to 2-week high after US-China trade tensions ease
The below charts describe AUDUSD and EURUSD respectively since the late last week.
[AUDUSD]
[EURUSD]
On 27-Jun last week, we picked up the Trend and Momentum for AUDUSD and EURUSD. Maybe coincident? or the signal just worked? Who knows...
To check Forex trading signals, download Forex Signal by QROSS X.
Labels:
AUD,
AUDUSD,
EUR,
EURUSD,
Short term,
Trend & Momentum,
USD
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