USDCHF remains below the 0.8900 level. Sellers in control. The tumble lower in the USDCHF took the price below its 100-day moving average at 0.8896 (blue overlayed step line on the chart above), 50% retracement at 0.88999, and Swing level near the 0.89000 level (see red circles on the chart above). Since then, the price
AUD/USD News and Analysis RBA struggling to judge inflation risks as the RBA restarts hikes for second time AUD/USD continues to move lower after rate hike was largely priced in Futures market anticipates no rate cuts next year with potential for one more hike The analysis in this article makes use of chart patterns and
EUR/USD & GOLD PRICE FORECAST Gold prices and EUR/USD could gain ground in the near term, but the broader trend may hinge on incoming U.S. economic data Attention will be on the ISM services PMI and the U.S. labor market report later this week This article looks at XAU/USD and EUR/USD’s key levels to watch
JAPANESE YEN FORECAST The Japanese yen depreciates sharply against the U.S. dollar and the euro after the Bank of Japan maintains its policy of negative rates and only modestly tweaks its yield curve control program Japan’s Ministry of Finance says it has not intervened in the FX market recently This piece examines the crucial technical
BITCOIN, CRYPTO KEY POINTS: READ MORE: Gold (XAU/USD) Prices Flirt with $2000 Level, Eyeing the FOMC Meeting for Fresh Impetus Bitcoin prices have taken a bit of a breather since the expansive rally that broke above the $35k mark last week Tuesday. Since then, it appears to be a case of uncertainty and rangebound trade
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BANK OF CANADA DECISION: Bank of Canada holds rates steady at 5.00% for the second month in a row, in line with expectations The bank says that inflationary risks have increased and that it is prepared to raise borrowing costs further if needed USD/CAD rises after BoC’s decision, but fails to break out decisively Trade
BITCOIN, RIPPLE KEY POINTS: Bitcoin Prices Struggle at 28k Hurdle Once More as Death Cross Pattern Adds to Uncertainty. Ripple Receives Positive News on Multiple Fronts but Still Fell Over 3% on Monday. Further Downside Ahead? Rumours Are that the SEC May Drop the Case Against Ripple Following the Recent Ruling, While the BIS has