Forex: Recent Yen’s surge explained by Pinchas Cohen
A Fundamental surge occurred on all of the Japanse Yen’s charts, which was caused by the sudden surge of the Japanese currency on Wednesday. One of the many explanation to […]
forex
Swiss franc, higher jump is tough
The Swiss Franc has strengthened much more than previously expected, and this has resulted in EUR/CHF falling to 1.1726 from its 1.2005 peak in April. Now further arguments are marshaling […]
Pound in the crucial week after Brexit
Sterling entered the new week on the back foot Monday, falling below a key technical level against the US Dollar as the greenback advanced and markets shunned the British currency […]
Stoxx 600: from short term patterns to long term considerations
At the beginning of April, I wrote about short term patterns on the S&P 500 Index and the Stoxx 600 Index. With regard to the stoxx 600 index, I had […]
Swiss franc down historic 1.20 level
The Swiss franc fell to a three-year low of 1.20 against the euro on Thursday as a revival in risk appetite encouraged investors to use it to buy higher yielding […]
Euro/Pound exchange, waiting for inflation data
Due to market views that monetary policy in the Eurozone and UK were on track to diverge over the next year, the Euro to Pound (EUR/GBP) exchange rate fell last […]
China is studying a tool for yuan devaluation
China is evaluating the potential impact of a gradual yuan depreciation, people familiar with the matter said, as the country’s leaders weigh their options in a trade spat with U.S. […]
HSBC: $100m fine to settle US forex investigation
HSBC has agreed to pay just over $100m in penalties to settle a US Department of Justice probe into currency rigging. The payment comprises of $38.4m in restitution and a $63.1m fine, with the latter reflecting a 15pc reduction "in recognition of HSBC’s cooperation during the investigation and its extensive remediation".