Daily Market Analysis – 12.03.2013

By December 3, 2013Analysis

Chart of The Day: USD/CHF D1 Chart

The Swissy found resistance at 0.9100, turned tail, and headed back down to support. It looks to be heading down to test the .9000 round number. The US bought some of it’s own bonds today which may depress demand for the greenback slightly. We will keep an eye on this to see what signals develop.

usdchf-market-analysisIn The News:

Treasuries Advance for First Time in Week As Fed Purchases Bonds (Bloomberg)

Yen Rises From 6-Month Low Versus Dollar; Euro Gains Before ECB (Bloomberg)

 

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