الاثنين، 6 أغسطس 2012

USD/CHF rises in cautious trading.

Forex pros-the dollar rose against the Swiss franc on Monday, with market participants remained cautious amid concerns about the effectiveness of the new measures to reduce the debt crisis in the euro zone.

USD/CHF reached during European trading 0.9734 morning, the highest price for the session and the coherence of the husband later when 0.9718, high ratio of 0.15%.

The pair was likely to find support at 0.9655, the lowest price for the session and for a month and resistance at the highest price 0.9807 since July 27.

Market sentiment remained supported after the European Central Bank said Thursday it has resumed its programme of buying securities, to help reduce borrowing costs Spanish and Italian.

While investors worried amid concerns about the effectiveness of the European Central Bank to buy new bonds, in light of the differences of current bank system.

Boosted risk appetite after data released on Friday showing that the u.s. economy added 163, 000 jobs in July, the largest increase since February last beyond expectation to raise 100,000.

However, the unemployment rate in the United States increased by 8.3%, from 8.2% in the previous month, on speculation about the possibility of increasing cash incentives from the alvidraler reserve.
Investor sentiment was also hit, amid renewed fears that Spain may require new rescue plan after Prime Minister Mariano Rajoy said Madrid may need to request assistance, the European financial stability facility.

The Swiss franc rose against the euro, with the euro/Swiss franc fell by 0.05% to deliberate 1.2013.

Later in the day, the euro zone will post a report on investor confidence.

In the United States, the President of the Federal Reserve Ben Bernanke to speak, and his remarks will be monitored closely by investors

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