New Post has been published on https://worldwide-finance.net/analysis/usdchf-swiss-svme-pmi-declined-in-january

USD/CHF: Swiss SVME PMI Declined In January

Daily Forex Fundamentals |

Written by GCI Financial |

Feb 02 17 07:01 GMT

For the 24 hours to 23:00 GMT, the USD rose 0.39% against the CHF and closed at 0.9930.

In economic news, Switzerland’s SVME – purchasing managers’ index (PMI) dropped more than expected to a level of 54.6 in January, from a revised reading of 56.2 in the prior month.

In the Asian session, at GMT0400, the pair is trading at 0.9904, with the USD trading 0.26% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9871, and a fall through could take it to the next support level of 0.9837. The pair is expected to find its first resistance at 0.9947, and a rise through could take it to the next resistance level of 0.9989.

Moving ahead, market participants await the release of Switzerland’s real retail sales data for December, due in a few hours.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

New Post has been published on https://worldwide-finance.net/analysis/usdchf-swiss-svme-pmi-declined-in-january

USD/CHF: Swiss SVME PMI Declined In January

Daily Forex Fundamentals |

Written by GCI Financial |

Feb 02 17 07:01 GMT

For the 24 hours to 23:00 GMT, the USD rose 0.39% against the CHF and closed at 0.9930.

In economic news, Switzerland’s SVME – purchasing managers’ index (PMI) dropped more than expected to a level of 54.6 in January, from a revised reading of 56.2 in the prior month.

In the Asian session, at GMT0400, the pair is trading at 0.9904, with the USD trading 0.26% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9871, and a fall through could take it to the next support level of 0.9837. The pair is expected to find its first resistance at 0.9947, and a rise through could take it to the next resistance level of 0.9989.

Moving ahead, market participants await the release of Switzerland’s real retail sales data for December, due in a few hours.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

New Post has been published on https://worldwide-finance.net/analysis/usdchf-swiss-svme-pmi-declined-in-january

USD/CHF: Swiss SVME PMI Declined In January

Daily Forex Fundamentals |

Written by GCI Financial |

Feb 02 17 07:01 GMT

For the 24 hours to 23:00 GMT, the USD rose 0.39% against the CHF and closed at 0.9930.

In economic news, Switzerland’s SVME – purchasing managers’ index (PMI) dropped more than expected to a level of 54.6 in January, from a revised reading of 56.2 in the prior month.

In the Asian session, at GMT0400, the pair is trading at 0.9904, with the USD trading 0.26% lower against the CHF from yesterday’s close.

The pair is expected to find support at 0.9871, and a fall through could take it to the next support level of 0.9837. The pair is expected to find its first resistance at 0.9947, and a rise through could take it to the next resistance level of 0.9989.

Moving ahead, market participants await the release of Switzerland’s real retail sales data for December, due in a few hours.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

Franc Little Changed After Swiss Retails Sales; Swiss Manufacturing PMI Due

At 3:15 am ET Tuesday, Switzerland’s retail sales data for June was released. After the data, the Swiss franc changed little against its major rivals. As of 3:16 am ET, the Swiss franc was trading at 1.0824 against the euro, 1.2787 against the pound, 0.9666 against the U.S. dollar and 105.78 against the yen. At 3:30 am ET Tuesday, SVME credit suisse is set to release Switzerland manufacturing PMI…

Currency Snapshot (major Pairs)

Dollar index trading at 98.35 (-0.03%).

Strength meter (today so far) – Euro +0.22%, Franc +0.40%, Yen +0.33%, GBP -0.27%

Strength meter (since last week) – Euro -1.11%, Franc -0.60%, Yen -0.68%, GBP -0.50%

EUR/USD -

Trading at 1.076

Trend meter -

Long term – Sell, Medium term – Sell, Short term – Range/Buy support/Sell resistance

  Support -

Long term – 1.048-1.036, Medium term – 1.065-1.06,…

Deadline: 12 April 2014

Link: Online

Eligibility:

The 2014 SVME WALTHAM Student Essay Contest is open to any student enrolled at an institution of higher learning (post-secondary) at the time of essay submission.

Rules: 

Topic for this Year’s Contest

“IS TRANSGENIC ANIMAL PRODUCTION AN ETHICAL ENTERPRISE?”

General Essay Requirements

1) Essay must be an original work of the student that addresses the assigned topic.

2) Essay must be composed in Times New Roman font using the #12 font size, double-spaced, and with 1-inch margins (top, bottom, left, and right).

3) Essay must include a title page that includes identifying information (student name, school, degree program, date of submission, and student email address). All other pages must be free of content that might indicate the author’s identity or institutional affiliation.

4) Not including the title page or endnotes, essay will not exceed 3,000 words in length. Beginning with the first page of text, pages should be numbered sequentially with the page number placed at the top right corner.

5) Essay must be composed in English with attention given to proper spelling, grammar and syntax.

6) A quality essay will critically engage the ideas, viewpoints, and investigations of others who have published on the subject. Quotations and unique facts must be documented using end notes formatted according to the style used in The Journal of the American Veterinary Medical Association (see the Journal’s online instruction for authors at the following website address: https://www.avma.org/News/Journals/Pages/javma-manuscript-style.aspx).