• 619 days Will The ECB Continue To Hike Rates?
  • 620 days Forbes: Aramco Remains Largest Company In The Middle East
  • 621 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,021 days Could Crypto Overtake Traditional Investment?
  • 1,026 days Americans Still Quitting Jobs At Record Pace
  • 1,028 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,031 days Is The Dollar Too Strong?
  • 1,031 days Big Tech Disappoints Investors on Earnings Calls
  • 1,032 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,034 days China Is Quietly Trying To Distance Itself From Russia
  • 1,034 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,038 days Crypto Investors Won Big In 2021
  • 1,038 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,039 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,041 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,042 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,045 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,046 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,046 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,048 days Are NFTs About To Take Over Gaming?
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

USD/CHF - Further Weakness Anticipated Towards 0.8800

USD/CHF may have printed a lower high at 0.9250 in the hourly timeframe yesterday, opening up the potential for a fresh break under 0.9115, towards our second target at 0.8945. Medium-term, scope remains for a return to the region near the 200 day moving average, currently at 0.8739.

The current daily structure of the Italian 10 year yield suggests that the swift pullback that we have seen from above 7.00% at the beginning of the year is likely the third leg of a larger corrective phase, with scope now for a near-term base and a fresh swing higher. We do however note that if a sustained hold can be maintained under the 50 week moving average, at 5.54%, then our bearish bias in USD/CHF will be negated in favour of renewed strength.

10 year yields in Spain and Italy are currently trading at 4.852% and 5.660% versus 6.478% and 7.355%, before the US Dollar based swap agreement. These same yields were trading at 4.957% and 5.947% respectively yesterday.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment