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USD/CHF - A Promising Bottom Fishing Opportunity Unfolds
Wednesday, July 19, 2023 - 11:50pm | 172The USD/CHF is currently forming a descending wedge pattern, hinting at a potential turnaround and reversal in its downward trajectory. Over the past nine months, the USD has experienced a steady decline against the Swiss Franc, and it appears to be nearing the end of stage 4, preparing to...
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What Is Forex Trading, And How Can Investors Profit?
Saturday, December 30, 2017 - 11:17am | 1295Currencies are a popular investment class that allow for speculation on price movements, just like bets on other asset classes. Foreign exchange, or forex in short, is a decentralized global market where currency pairs are traded. Currency trading takes place electronically over-the-counter across...
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An Active ETF For A Dollar Rally
Wednesday, July 6, 2016 - 10:28am | 609Thanks in large part to the recent Brexit decision, the U.S. Dollar Index is higher by more than 2 percent over the past month. Whether that turns into a more lasting rally for the greenback remains to be seen, but investors have options when it comes to playing a dollar rebound via exchange-traded...
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Switzerland ETF Sort Of Stable, But Currency Is An Issue
Monday, April 11, 2016 - 9:11am | 659Switzerland is often see as a beacon of economic stability in what can a volatile European scene, but the Swiss franc always looms large for investors considering Swiss equities. Franc strength often weights on Swiss stocks, particularly when the currency is prized as a safe-haven and when gold...
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Inklings Of A Dollar ETF Rally
Monday, February 29, 2016 - 4:05pm | 418Investors have been flocking to safe-haven assets this year, but in the flight to safe currencies, the U.S. dollar has not benefited. The PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP), which serves as an exchange-traded fund proxy for the U.S. Dollar Index, is off slightly year-to-date...
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Euro-Hedged ETFs Are Packing On Assets Again
Friday, November 20, 2015 - 2:54pm | 631Over the past month, the PowerShares DB US Dollar Index Bullish (NYSE: UUP) has gained nearly 5 percent, while the Guggenheim CurrencyShares Euro Trust (NYSE: FXE) has tumbled by more than 6 percent. Those performances have been aided by rising expectations that the Federal Reserve will raise...
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Peter Brandt's Conviction Dollar Trade Will Surprise You – Although It Shouldn't
Thursday, November 19, 2015 - 8:14am | 830Legendary trader and chartist Peter Brandt, of Factor LLC recently appeared on RealVision TV. The investor shared a very strong conviction trade idea on the dollar versus the Swiss franc. He proposes a long USD, short Swiss franc pair trade based on price graphs and trading opportunities. Peter...
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Is There Consumer Inflation In Switzerland? The Producer Price Index May Indicate So
Wednesday, August 12, 2015 - 8:15am | 610A Producer Price Index (PPI) is a great indicator for revealing inflation in an economy. The reason being any increases manufacturers pay for goods and raw materials are usually passed on to the consumer, thereby creating an inflation indicator. Switzerland’s PPI has consistently...
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UBS CEO On The Advantages Of Defining Strategy Early, Not Annualizing Quarter Results
Tuesday, May 5, 2015 - 3:11pm | 392UBS Group AG (USA) (NYSE: UBS) reported its quarterly results earlier on Tuesday. Profits for the company jumped year-over-year from 1.05 billion Swiss francs to 1.98 billion Swiss francs ($2.14 billion USD). UBS CFO Tom Naratil was on CNBC after the results to weigh in on the numbers and to...
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Will FXCM Exceed Lowered Expectations? Here's A Technical Recap Of 2015
Thursday, March 12, 2015 - 3:50pm | 344Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. FXCM Inc (NYSE: FXCM) shares were trading higher by $0.08 (3.7 percent) at $2.20 in Thursday's session. The company is due to announce Q4 results after the close. Expectations may be very low, as the...
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Morgan Stanley's List Of Least-Preferred Global Stocks Features Coach And European Fashion Names
Friday, January 23, 2015 - 9:58am | 177Morgan Stanley unveiled on Friday a list of the firm's least-preferred global stocks. The list includes Prada, Swatch, Adidas (OTC: ADDYY) and Coach Inc (NYSE: COH). The analysts note that Prada's management team has shown no sign of improving recent declining trends and that the...
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Yes, There Are Historical Comparisons For The Swiss Franc's Insane Move Last Week (Sort Of)
Tuesday, January 20, 2015 - 12:40pm | 552“Switzerland is a place where they don’t like to fight, so they get people to fight for them while they ski and eat chocolate” – Larry David (Seinfeld Co-Creator) Before last Thursday, the Swiss Franc, like the Euro, had been in a steady decline. In fact, from May 7 of...
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Citigroup Reduces FXCM's Price Target, Maintains At Sell/High Risk Rating
Tuesday, January 20, 2015 - 10:31am | 137William Katz of Citigroup on Tuesday maintained a Sell/High Risk rating on shares of FXCM Inc (NYSE: FXCM) with a price target lowered by $4.25 to $0.75 following details that emerged over the weekend of Leucadia's $300 million rescue package. Katz notes that the “onerous” terms include an annual...
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The Fall Of FXCM In 9 Pictures
Saturday, January 17, 2015 - 5:04pm | 613FXCM Inc (NYSE:FXCM) is the largest currency broker in the U.S. After closing this Thursday with a stock price of $12.63, shares fell to as low as $1.49 on Friday morning...an 88 percent decline. Why did investors lose faith? Heavy selling began after the company issued this press...
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Swiss ETFs Are Reacting (A Ton) To Currency News
Thursday, January 15, 2015 - 3:19pm | 603The Swiss National Bank on Thursday unexpectedly reversed course on a policy designed to cap the Swiss franc against the euro. The move is designed to bolster the Swiss currency against other foreign markets ahead of any quantitative easing efforts by the European Central Bank. Related...