USD/CHF: remains under significant selling pressure

USD/CHF: remains under significant selling pressure

2020-11-27 • Updated


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Ichimoku Kinko Hyo

NZD/JPY: The pair is trading above the cloud. Further bullish pressure will lead the currency pair to retest the previous highs.

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Fibonacci Levels

 XAG/USD: Silver consolidates below 23.6% retracement level. It seems that silver will struggle further to gain.


European Market View

Asian shares stalled near record highs on Friday as investors weighed renewed doubts about a highly anticipated coronavirus vaccine against hopes that some of the region's economies will recovery quicker than their Western peers. U.S. hospitalizations for COVID-19 are at a record and experts warn that Thanksgiving gatherings could lead to further infections and deaths. More than 20 million people across England will be forced to live under the toughest restrictions even after a national lockdown ends on Dec. 2. Partial lockdowns in some European countries have also raised concern about economic growth.

Asian equity markets were mixed as trade continued to lack firm direction following the holiday closure in the US for Thanksgiving. Looking ahead highlights from macroeconomic calendar include Eurozone Consumer Confidence (Final) & Economic Sentiment, Black Friday, ECB's Schnabel and Panetta speeches.

European Key Point

  • Tokyo reports a record 570 new coronavirus cases in latest update today
  • ECB's Panetta supports that ecb stimulus so far has not been sufficient
  • Germany sees total confirmed coronavirus cases surpass the 1 million mark
  • ECB's Panetta says there should be no doubt on the Bank's inflation commitment
  • China Industrial Profits for October comes at +28.2% y/y (prior +10.1%)
  • The UK is moving to get Oxford-Astra COVID-19 vaccine drug approved faster



Worst Awaits Risk Assets in September
Worst Awaits Risk Assets in September

The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.

Latest news


Over the last couple of weeks, GBPUSD and a few other commodities have breached their recent swing highs and lows, while some have even gone on to create new All-Time Highs and Lows

It’s Time to Look at New Zealand
It’s Time to Look at New Zealand

Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.

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