Commodity Prices

Gold •807 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,806.40	+12.10	+0.67%
WTI Crude •7 hours	99.40	-2.51	-2.46%
Gasoline •7 hours	3.510	+0.003	+0.07%
Ethanol •807 days	2.161	+0.000	+0.00%
Silver •807 days	30.82	+1.16	+3.92%

Silver • 807 days	30.82	+1.16	+3.92%
Copper • 807 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	103.87	-0.95	-0.91%
Natural Gas • 7 hours	2.901	+0.000	+0.00%
Heating Oil • 7 hours	5.040	-0.074	-1.45%

Headlines

1,192 days Will The ECB Continue To Hike Rates?
1,192 days Forbes: Aramco Remains Largest Company In The Middle East
1,194 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,593 days Could Crypto Overtake Traditional Investment?
1,598 days Americans Still Quitting Jobs At Record Pace
1,600 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,603 days Is The Dollar Too Strong?
1,604 days Big Tech Disappoints Investors on Earnings Calls
1,604 days Fear And Celebration On Twitter as Musk Takes The Reins
1,606 days China Is Quietly Trying To Distance Itself From Russia
1,606 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,610 days Crypto Investors Won Big In 2021
1,611 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,611 days Food Prices Are Skyrocketing As Putin’s War Persists
1,614 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,614 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,617 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,618 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,618 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,620 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

EUR/CHF - Passing above 1.0600

By - Aug 04, 2015, 5:13 AM CDT

EUR/CHF has failed to test resistance at 1.0700 (19/03/2015 high) and is now holding below this level. Hourly support can be found at 1.0234 (20/04/2015 low). The SNB has clearly stated that they will intervene as long as the Swiss Franc is strengthening. We remain bearish on the pair.

The EUR/CHF is digesting its 15 January sharp decline. A key resistance stands at 1.1002 (02/09/2011 low). The ECB's QE programme is likely to cause persistent selling pressures on the euro, which should weigh on EUR/CHF. Supports can be found at 1.0184 (28/01/2015 low) and 1.0082 (27/01/2015 low).

Daily Technical Report