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Spain kept its investment-grade credit rating….

Good Morning ,   – The euro strengthened to a one-month high against the dollar after Spain kept its investment-grade credit rating from Moody’s Investors Service before European leaders gather tomorrow for a two-day summit in Brussels. –  Moody’s said yesterday it kept Spain’s credit rating at Baa3, one step above junk, as the risk […]

Dollar up, as prospects of higher U.S. rates return on focus again…

   The dollar strengthened against the yen and euro on Tuesday after Greece finally agreed to a debt deal with its creditors, allowing market focus to shift back towards U.S. and European yield differentials.   With the Greek debt saga off center stage, the spotlight returned to when the Fed will begin hiking interest rates. […]

USDCHF is moving on Sideways

USDCHF is moving on sideways near the recent lows today. Buyers stopped the selling pressure on 0.97 but they haven’t yet managed to drive prices high enough. The Bears are in control and specifically, as long as price remains below 0.977 on daily timeframe. Seller’s target is breaking 0.97 level and lead the pair around […]