SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
USD/CHF: 55 Moving Average acted as support
2019-11-11 • Updated
The 55 Moving Average has acted as support, so there's a 'V-Bottom' pattern, which pushed the price higher. The next bullish target is the previously tested resistance at 1.0217 - 1.0235. If any bearish pattern forms thereafter, there'll be a moment to have a downward correction towards the nearest support at 1.0190 - 1.0169.
Similar
USD/CHF: approaching the bottom?
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
USD: a sudden plunge for a quick pick-up!
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
Latest news
European Currencies Ahead of the Banks' Statements
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
Will the FOMC Surprise the Markets?
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
What awaits the Oil Market in February?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
