The Forex Winners and Losers: A Snapshot via ForexLive

A snapshot of the Forex Winners and Losers for the day show:

  • The NZD is the top performer of the day, rising against all the major pairs in trading today.  Against the USD, the pair is moving above trend line resistance on the hourly chart and successfully tested and held the 61.8% on daily chart before bottoming and moving higher (see http://www.forexlive.com/blog/2014/09/15/techical-analysis-nzdusd-tests-topside-trend-line-again-ready-for-a-break-september-15-2014/)
  • The weakest is the CHF. In Switzerland today, the Producer and Import prices fell  by -0.2% vs 0.0% estimate. The YoY?  A dismal -1.2% YoY gain. This decline ties the lowest reading going back to July 2012. Given the SNB meets on Thursday, they may not be too supportive of such developments. The EURCHF is pushing 1.2100 level in trading currently on fear of some  sort of action. There were warnings last week that rates could go negative. This got the EURCHF off it's back and started to worry the safe haven buyers of the CHF a bit.
The Forex Winners and Losers as the NY Traders enter for the day.

The Forex Winners and Losers as the NY Traders enter for the day.

posted via ForexLive

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