USD/CHF steady between 0.8970 and 0.8990

FXStreet (Córdoba) - The USD/CHF is flat on Monday trading steady in a range between 0.8970 and 0.8990. Since the beginning of the week the pair is moving sideways, stable below 0.9000.

USD/CHF levels to consider

After trading momentarily above 0.9000 last week price pulled back below. Above 0.9000 the immediate resistance could be located at 0.9010, followed by 0.9035. To the downside might be located at 0.8965/70 (July 18, 19 and 21 low) and below here at 0.8945 and 0.8930 (July 14 high).

Jul 21, 2014

JPY retains bullish bias short term - Rabobank

Jane Foley, Senior Currency Strategist at Rabobank explained that they expect that the JPY is still on course for softening vs. the USD over the medium-term as the progression of Fed tapering highlights the extremely accommodative position of the BoJ.

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Jul 21, 2014

US T-Bill resilient and bid despite Fed's QE - BBH

US T-Bill resilient despite Fed - BBHMarc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman accentuates the current significance of the US 10 year T-Bond.Key Quotes:"The US 10-year bond yield fell more than 7 bp last week. It finished the week below 2.50%.""The resilience of the US Treasury market in the face of the Fed's continuing tapering continues to be arguably one of the biggest surprises for investors this year. It refutes arguments that no one wants to buy Treasuries but the Fed. It defies once again the arguments that warn that the central bank is falling behind the curve of inflationary expectations."

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