11 / 11 / 2015 | Technical Analysis

AUD/USD: Today’s Major Levels 0.7022 and 0.7077

North American Session
The AUD/USD pair has been trending sideways since the 6th of November 2015, with the market moving between the levels of 0.7077 and 0.7019.
The currency pair initially advanced during the course of the session today from as low as 0.7023 to as high as 0.7077. With that being the case and taking into consideration the fact that there is significant amount of support below that level, the bulls could push the price to go higher. In case that the price breaks above the level of 0.7068, profit targets could be set at 0.7096 and 0.7120 in extension.
Alternatively, in the scenario where the sellers manage to overweigh buyers and force the price to break below 0.7022, the pair could go down to 0.6988.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view. 
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11 / 11 / 2015 | Market News

Dollar almost unchanged versus other majors at multi-month highs

The U.S. dollar remained almost unchanged against the other major currencies on Wednesday, hovering near to a seven-month peak as increasing expectations for a U.S. rate hike at its December meeting, extended its support to the greenback, after last week's strong U.S. employment data. 

On Friday, the Labour Department reported  that the U.S. economy added 271,000 jobs last month, well ahead of the 180,000 expected by economists and the largest increase since December. As a result, the unemployment rate fell to a seven-and-a-half year low of 5.0% and the greenback remained supported. 

Elsewhere, the dollar remained steady against the yen, with USD/JPY to trade at 123.12, still close to Friday's three-month highs of 123.61.

The single currency was slightly changed against the dollar, with EUR/USD to trade at 1.0717, off the previous session's seven-month trough of 1.0672. The euro weakened after Monday's reports that the ECB could shorten its deposit rate deeper into negative territory at its December meeting.

However, the dollar was lower against the sterling pound and was steady against the Swiss franc, with GBP/USD up 0.40% at 1.5178 and USD/CHF at 1.0063.

The Australian and New Zealand dollars were stronger, with AUD/USD rising 0.39% to 0.7057 and with NZD/USD gaining 0.46% at 0.6560.

Meanwhile, the U.S. dollar slipped lower against its Canadian counterpart on Wednesday, with USD/CAD to hit 1.3235 during early U.S. trade, the pair's lowest since November 6; the pair subsequently consolidated at 1.3238, shedding 0.27%. The pair was likely to find support at 1.3152, still within close distance of Friday's one-month peak of 1.3316, as expectations for a December rate hike in the U.S. continued to support. 

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 99.25, not far from Tuesday's seven-month highs of 99.60.
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11 / 11 / 2015 | Technical Analysis

GBP/USD: Major Levels 1.5111 and 1.5186

European Session
The GBP/USD pair has been trending upwards since the 6th of November 2015, with the buyers leading the price from as low as 1.5027 to as high as 1.5186.
The pair advanced today from 1.5111 up to 1.5186, signalling that the bulls are exerting heavier pressures. In case that they succeed in pushing the price to break above the level of 1.5186, the pair could rise up to 1.5262 and 1.5316 in extension.
Conversely, in the scenario where the bears manage to overweigh bulls in trading volume and gain enough momentum, they could force the currency pair lower. In the event that the price breaks below 1.5125, the pair could travel down to 1.5105 and 1.5086 respectively. 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view. 
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10 / 11 / 2015 | Technical Analysis

EUR/GBP: Today’s Major Levels 0.7127 and 0.7066

North American Session
The EUR/GBP pair has been trending downwards since the 6th of November 2015, with the bears leading the price from as high as 0.7196 to as low as 0.7066.

During the course of the session on Monday, the pair rose up to 0.7153 to subsequently fall to 0.7108, before consolidating between the levels of 0.7117 and 0.7106. Today, the pair bounced up to 0.7127 to then pull back down to 0.7066. Taking into consideration that there is significant support below that level, the pair could attempt a retracement to the upside. In the event that the buyers manage to push the price to break above 0.7177, the pair could escalate up to 0.7132 and 0.7147 in extension.

Conversely, in the scenario where the sellers keep pressing lower and the pair breaks below the lower level of the candlestick, the price could decelerate down to 0.7041. 




Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view. 
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10 / 11 / 2015 | Market News

Dollar extends gains versus other majors

The dollar extends its gains to fresh seven-month highs against the other major currencies on Tuesday, as lifting expectations for a December rate hike by the Federal Reserve continued to support demand for the greenback. On Friday, the Labour Department reported  that the U.S. economy added 271,000 jobs last month, well ahead of the 180,000 expected by economists and the largest increase since December.
 
As a result, the unemployment rate fell to a seven-and-a-half year low of 5.0% and the greenback remained supported. The strong data, prepare the way for the Fed to raise interest rates at its December meeting, a move that would make the dollar more tempting to yield-seeking investors.
 
Meanwhile, with the weakest EUR/USD drop since April 23, the euro fell to fresh seven-month lows of 1.0682, and last at 1.0685, off 0.6% for the day. The single currency weakened after Monday's reports that the ECB could shorten its deposit rate deeper into negative territory at its December meeting.
 
Elsewhere, the dollar was steady against the pound and was higher against the Swiss franc, with GBP/USD at 1.5114 and USD/CHF rising 0.37% to 1.0072. The U.S. dollar edged up again the yen, with USD/JPY up 0.11% to 123.30.
 
The Australian dollar was lower against its American counterpart, with AUD/USD down 0.20% at 0.7032. NZD/USD held steady at 0.6529.
 
The U.S. dollar held steady near one-month highs against its Canadian counterpart on Tuesday, with USD/CAD hit 1.3294 during early U.S. trade, the session high; the pair subsequently consolidated at 1.3285. The pair was likely to find support at 1.3152, the low of November 6 and resistance at 1.3432, the high of September 30.
 
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.34% at a fresh seven-month highs 99.46.
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10 / 11 / 2015 | Technical Analysis

EUR/JPY: Today’s Major Levels 132.78 and 132.31

European Session
The EUR/JPY pair has been ranging mostly between the levels of 133.17 and 131.84, since the 10th of October 2015.

During the course of the session on Wednesday, the pair initially tried to rally, but turned back around to hover over between the levels of 132.53 and 132.31. The pair today rose up to 132.78. In the event that the buyers face enough resistance above that level, the pair could be forced to retrace back to the downside. Provided that the price breaks below 132.29, the pair could decelerate down to 132.14 and 131.98.

Alternatively, in the scenario where the buyers keep exerting strong pressures and the pair breaks above 132.78, the price could escalate up to 133.38.
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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09 / 11 / 2015 | Technical Analysis

GBP/USD: Today’s Major Levels 1.5113 and 1.5051

North American Session
The GBP/USD pair has been trending downwards since the 2nd of November 2015, with the bearish pressures driving the price from as high as 1.5497 to as low as 1.5025.

The currency pair sliced through the 1.52 handle during the course of the session on Friday, reaching the 1.5025 level, to subsequently rise today up to 1.5111. In the event that the buyers keep pressing higher and the price breaks above the level of 1.5138, the pair could rise up to 1.5206 and 1.5261 in extension.

Alternatively, in the scenario where the sellers resume their downward pressures and the price breaks below the lower part of the candlestick, the pair could decelerate down to 1.5025 and 1.4829 respectively.
 



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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09 / 11 / 2015 | Weekly Report

Dollar rallies to 7-month highs on rich U.S. jobs data

On Friday after a stronger than expected U.S. jobs report  and strengthened expectations for next months rate hike by the Federal Reserve, the U.S. dollar rallied to seven-month highs against the other major currencies.
 
The Labor Department, beating expectations of 180,000 by economists, announced that the U.S. economy added 271,000 jobs last month, the largest increase since December. As a result, the unemployment rate fell to a seven-and-a-half year low of 5.0%.
 
The rich data paved the way for the Fed to lift interest rates at its December meeting, a move that would make the dollar more engaging to yield-seeking investors.
 
On Wednesday, Fed Chair Janet Yellen testified that the U.S. economy was executed well, and that December would represent a “live possibility” for raising interest rates if upcoming economic data supported it.
 
Meanwhile, the U.S. dollar rose to two-and-a-half month highs against the yen, with USD/JPY up 1.16% to 123.15 late Friday, the highest since August 21. The pair ended the week with gains of 2.2%, the strongest weekly performance since December.
 
The U.S. dollar was also higher against the single currency and sterling pound. Euro fall to seven-month lows, with EUR/USD hitting a trough of 1.0708 before ending at 1.0740, off 1.31% for the day and sterling also fell to seven-month lows, with GBP/USD last down 1.01% at 1.5054. Earlier in the week, the sterling pound had already fallen more than 1% against the greenback, after the Bank of England on Thursday cut its forecasts for growth and inflation in 2015 and 2016, showing showing that rates are likely to remain on hold for a lengthened period.
 
Also, USD/CHF rose to 1.0076, the most since March 17 and was last up 1.1% at 1.0063.
 
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 1.23% to 99.29 in late trade, the strongest level since April 15. The index ended the week with gains of 2.31%.
 
This week major market events are among other Friday’s U.S. data on retail sales, producer prices and consumer sentiment for fresh indications on the likelihood of a December rate hike.
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09 / 11 / 2015 | General

Giancarlo Camolese Takes Over as New F.C. Chiasso Club Manager

F.C. Chiasso has confirmed the appointment of Mr. Giancarlo Camolese as the new club manager.

Giancarlo Camolese was announced as the new head manager of F.C. Chiasso on Wednesday, 21st of October 2015, in a press conference held in the presence of the football club’s fans and media at the Coffee Chicco d’Oro on Via Motta 2 in Balerna, Switzerland. The management of the team confirmed that Mr. Camolese will be managing the first team until the 30th of June 2016. 

Mr. Camolese is an experienced 58-year old Italian football manager and ex footballer from Turin. He is also a TV sports caster, a university lecturer at SUISM in Turin and instructor at the FIGC National Technical Centre and Coach Education School in Coverciano. 

His professional career began as a midfielder in the Unione Sportiva San Mauro and his first team debut was in 1974 with Torino. Thereafter, Giancarlo Camolese played for Biellese, Alessandria, Reggina, Lazio, Padova, Taranto, Vicenza and Saviglianese. His best season was with Lazio in 1986-87, where he was promoted into Serie A at the end of the 1987-1988 season. 

His coaching career began with Saviglianese, Torino, Graeme Souness and Edy Reya. He made his debut in the Serie A with the Granata team, by winning the Intertoto qualification. Then, he moved on to Reggina, Vicenza, Livorno and Pro Vercelli.

“I am grateful for this opportunity afforded to me by F.C. Chiasso”, Mr. Camolese said in his opening statement at the press conference. During an interview held on the 31st of October 2015, he also commented: “I have met the players and the coaching staff, and immediately noticed a great desire from the team to work towards a common goal - to leave a great legacy of victories – and I am confident that everyone is committed to do their best in order to achieve this goal.”

Manuela Mazzacco, the CEO of AFX Capital, proud sponsor of F.C. Chiasso, said: “We are thrilled to have Mr. Camolese joining the F.C. Chiasso family as the club’s new manager and we want to wish him great success in his new role. He is already being viewed by fans as a significant turning point in the history of the team. Mr. Camolese’s appointment injects a positive factor into the whole team and there is great optimism that he will be able to have a significant impact this season.”

 
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