The USDCHF traded sideways and then moved lower on Wednesday before finding support near 0.89347, basing and moving to the upside. The Swiss National Bank kept rates unchanged on Thursday helping to propel the price even higher, with the price moving above its 200-day moving average of 0.90334. The surge on Thursday did find willing
Gold, Silver, Trendlines – Technical Update: Gold and silver prices pressured by the Fed rate decision Gold turning lower toward key rising support Silver following same path, will a breakout occur? Recommended by Daniel Dubrovsky How to Trade Gold XAU/USD Analysis Gold and silver prices have turned lower in the aftermath of the Federal Reserve
Share: Markets have already written the script for the Fed today: a hawkish hold, and an unchanged 2023 dot plot. Any FX action would depend on potential revisions to the 2024 dots, economists at ING report. FOMC not a huge event for the Dollar The overall message by the Fed should be supportive
WTI, Brent Crude Oil Analysis Brent crude attempts test of $100 – inventories at reduced levels and demand remains strong WTI crude oil reveals slight pullback from the intra-day high but trend very much intact The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit
USD/JPY TECHNICAL ANALYSIS USD/JPY took a quick plunge early last week, but found solid footing just above technical support at 146.00. This resilience led to a swift recovery in subsequent trading sessions, with the pair steadily trekking upwards in recent days, seemingly intent on challenging channel resistance located around the psychological 148.00 level. Throughout this
Crude Oil, WTI, Brent, Saudi Arabia, China, Aramco, Fed, EIA, API, Backwardation – Talking Points Crude oil jumped to print fresh highs again yesterday Worries over China appear to be being ignored for now The oil market structure might be supportive of higher WTI Recommended by Daniel McCarthy Understanding the Core Fundamentals of Oil Trading
Spot gold made headway today with China’s property sector revisiting its debt profile as markets contemplate central bank actions this week. Will XAU/USD break the range? Gold, XAU/USD, US Dollar, China, HSI, Crude Oil, Fed, BoE, BoJ – Talking Points Gold is challenging the US$ 1,930 level again today Problems for China’s developers soured the
This week, the USDCHF has experienced an upward price movement, consistently remaining above the key swing area range of 0.89347 to 0.89472. The price surpassed this range in yesterday’s trading session and has maintained its position above this threshold today. Looking upwards, there’s a notable trend line at 0.8984, followed by a significant range between
The EUR is ending the day as the strongest of the major currencies. The USD is also mostly higher with gains vs all the major currencies with the exception of the EUR. The JPY and the NZD were the weakest of the majors. The strongest to the weakest of the majors. The gains in the
Share: The US Dollar is in the green and is set for weekly gains. ECB Lagarde dropped the ball and the Euro got punished. The US Dollar Index stronger as PPI and Retail sales surprise to the upside. The US Dollar (USD) firmly above 105 in the US Dollarindex (DXY) and has the
