The GBPUSD is back below its 200 day moving average The GBPUSD ran higher yesterday, and in the process extended toward its 100-day moving average near 1.2512. The high price got within 7 pips of that level at 1.2505 before rotating back to the downside. In trading today, lower-than-expected CPI data out of the UK
Share: USD/CHF drops sharply, signaling potential end to Fed’s rate hikes with investors favoring CHF. Pair’s fall below the 50 and 200-day moving averages at 0.9000 could lead to further declines. For recovery, USD/CHF needs to breach 0.9000, targeting the November 1 high at 0.9112. USD/CHF plummets in the mid-North American session on
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Gold Price Forecast: Bearish Winds Prevail but Turnaround Nears, XAU/USD Levels The U.S. dollar, as measured by the DXY, embarked on a furious rally on Thursday after hotter-than-expected U.S. September inflation
