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Forex: USD/CHF falls to fresh lows

FXstreet.com (Córdoba) - The US dollar weakened across the board at the beginning of the NY session, and fell to 2-day low versus the franc.

USD/CHF dropped nearly 50 pips within the last hours, mirroring the EUR/USD move, and having broken below the 100- and 200-hour SMA it recently hit a low of 0.9345. At time of writing, USD/CHF is trading around 0.9350, 0.6% below its opening price.

In terms of technical levels, immediate supports for the cross are seen at 0.9335 (low May 6), and 0.9300 (psychological level), while resistances might be faced at 0.9410 (daily high) followed by 0.9435 (high May 7).

PBOC announces resumption of bill issuance

The Chinese Central Bank announced today that it would resume bill issuance for the first time in 17 months, in an attempt to control the capital flowing into the country from overseas as foreign investors take advantage of the quick appreciation of the yuan.
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Commodities Brief – Gold climbs to session highs, crude oil testing 96.00 level

The yellow metal finally broke out of a tight consolidation that had afflicted the commodity during overnight and European trading Wednesday. In a generally subdued trading session, i.e. in the absence of any meaningful waves or economic figures, the price of gold has managed to notch fresh session highs at USD $1468.80 per oz. in these moments. At this juncture the 1475 resistance remains the next measure of correction conspiring against further upside.
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