USD/CHF Daily

 USD/CHF  Daily
14::35 GMT - Recovery is continuing with prices recently moving above  the 0.9620 res. There is some res. around current levels (0.9635)  while the next significant level is 0.9688. First sup. should be a bit higher now at 0.9590/00.  N.I.
R4: 0.9751 * Jul 13 high
R3: 0.9740  7 Nov high
R2: 0.9700 * Tues high
R1: 0.9688  Fri high
S1: 0.9590/00  intraday level
S2: 0.9572  14 Nov low
S3: 0.9555  today low
S4: 0.9539 * 30 Oct low
S5: 0.9510  intraday level

EUR/USD Daily

 EUR/USD   Daily
13::35 GMT - Break of the earlier low has seen prices just about reach next sup. band at 1.2393/00. Below here next sup. should come at  1.2380 then 1.2357. Res. is in the 1.2425/40 band. N.I.

R5: 1.2530/40  intraday level
R4: 1.2500/9 * Mon high
R3: 1.2491  Thurs high
R2: 1.2470  today high
R1: 1.2425/40  intraday level
S1: 1.2393  Tues low
S2: 1.2380  intraday level
S3: 1.2357 * 7 Nov low
S4: 1.2345  minor projection

Japanese yen is showing little movement on Thursday

The Japanese yen is showing little movement on Thursday, as USD/JPY trades in the mid-115 range. On the release front, Japanese Core Machinery Orders posted a strong gain of 2.9%. In the US, Unemployment Claims rose to 290 thousand. Later in the day, Fed Chair Janet Yellen will speak at a conference in Washington hosted by the ECB and Federal Reserve.
US Unemployment Claims has looked solid in recent readings, but the key indicator jumped to 290 thousand, missing the estimate of 282 thousand. This marked a seven-week high for the key indicator. USD/JPY shrugged off the weak reading and continues to show little movement. On Friday, we’ll get a look at US retail and consumer confidence numbers, so we could see some movement from USD/JPY.
USD/JPY tested resistance at 115.75 in the Asian session. The pair is steady in European trade.
On the upside, 115.75 remains under pressure. 116.66 is stronger.
114.65 is providing strong support. USD/JPY is almost unchanged on Thursday. This is consistent with USD/JPY, which has shown little net movement on the day. The ratio currently has a majority of long positions, indicative of trader bias towards the US dollar moving higher.

EUR/USD

It’s been a quiet week for EUR/USD and this lack of activity continues on Thursday, as the pair trades in the mid-1.24 range in the European session. On the release front, French CPI came in at a flat 0.0%, while German CPI slipped to -0.3%. In the US, we’ll get a look at key employment data, with the release of Unemployment Claims and  JOLTS Job Openings. In Washington, Fed Chair Janet Yellen will speak at conference hosted by the ECB and Federal Reserve.
EUR/USD edged upwards in the Asian session. The pair is steady in European trade.
On the downside, 1.2407 remains a weak support line. 1.2286 is next. This line has remained intact since August 2012.
1.2518 is an immediate resistance line.
Current range: 1.2407 to 1.2518 EUR/USD ratio is pointing to gains in long positions on Thursday, reversing the direction seen a day earlier. This is consistent with the pair’s movement, as the euro has posted small gains. The ratio is almost an even split between long and short positions, indicative of a lack of trader bias towards what direction to expect from EUR/USD.

Gold rose on Wednesday as the dollar retreated from earlier highs

Gold rose on Wednesday as the dollar retreated from earlier highs, but overall sentiment stayed with the bears as outflows from bullion funds showed no sign of slowing.
Market participants were also digesting news that Swiss regulator FINMA said it found a “clear attempt” to manipulate precious metals benchmarks during its investigation into precious metals and FX trading at UBS.
Holdings in SPDR Gold Trust, the world’s top gold-backed exchange-traded fund, fell 0.12 percent to 724.46 tonnes on Tuesday – a six-year low.
The figures marked the fund’s sixth straight day of outflows. The ETF is seen as a good reflection of market sentiment due to the size of its holdings.
“The overall backdrop is still negative with the dollar tilting towards strength and continued ETF outflows due to continued rises in U.S. stock markets,” Commerzbank analyst Carsten Fritsch said.
He added that subdued physical demand in Asia and a weak technical picture were also darkening the outlook.
Spot gold was up 0.3 percent at $1,167.60 an ounce by 1339 GMT, after gaining 1.2 percent on Tuesday.

USD/CHF Daily

 USD/CHF  Daily
13::50 GMT - Mkt. has been a bit higher in earlier trade but the top ofthe 0.9680/00 res. band has held. A subsequent break, if seen, should allow for a retest of the 0.9740 top. Sup., meanwhile, should be around 0.9650 then 0.9613.  N.I.
R5: 0.9898  2 Aug 12 high
R4: 0.9790 * 29 May 13 high
R3: 0.9751 * Jul 13 high
R2: 0.9740  Fri high
R1: 0.9680/00  intraday level
S1: 0.9650  intraday level
S2: 0.9614  Mon low
S3: 0.9600  Thurs low
S4: 0.9578  4 Nov low
S5: 0.9539 * 30 Oct low

EUR/USD is stable on Tuesday

EUR/USD is stable on Tuesday, as the pair trades slightly above the 1.24 line in the European session. On the release front, there are no releases out of the Eurozone, and French banks are closed for Remembrance Day. In the US, banks will be closed for Veterans Day, so traders can expect reduced liquidity in the currency markets. The only release on Tuesday is NFIB Small Business Index, a minor event.
It was a poor start for the Eurozone on Monday. Italian Industrial Production dropped 0.9%, its third decline in three releases. The markets had expected a gain of 0.2%. There was no relief from Eurozone Sentix Investor Confidence, which posted a third straight decline, as investor and analyst sentiment has slipped to very low levels. This poor reading comes as no surprise, as with the Eurozone stuck with low growth, weak inflation and high unemployment. Draghi has lowered interest rates to the bone, but the cuts have not improved the economic situation. The ECB has decided to focus on its balance sheet and has issued long-term loans to banks and purchased covered bonds. The ECB will begin buying asset-backed purchases later this month, which could push down on the struggling euro. However, these moves may not be enough and Draghi may be forced to borrow a page from the book of other central banks and commence quantitative easing, which is the purchase of government securities.EUR/USD has been uneventful in the Asian session. The pair tested support at 1.2407 in European trade.
1.2407 was tested earlier but continues to provide support. 1.2286 is stronger.
1.2518 is a strong resistance line.
Current range: 1.2407 to 1.2518 EUR/USD ratio is pointing to gains in long positions on Tuesday, reversing the direction seen a day earlier. This is not consistent with the pair’s movement, as the euro is almost unchanged on the day. The ratio is close to a split between and short positions, indicative of a lack of trader bias towards what direction to expect from EUR/USD.