The US Dollar has been remarkably sluggish for the past few weeks despite being within a distinct Demand zone. My expectation of a springing rebound off the demand zone has not exactly played out yet, however, the zone remains unbroken.
USD/CHF: franc approached a milestone
2019-11-11 • Updated
TP1 0.9955 TP2 1.0005 TP3 1.0145
On the daily chart, a break of support at 0.9880-0.9890 will allow bears to develop correction to the lower border of an uptrend channel. On the other hand, a pullback can create grounds for an advance towards 200% target of AB=CD.
On H1, USD/CHF is transforming the inverted “Shark” pattern into 5-0. Usually, a pullback of the pair from 38.2%, 50% and 61.8% of the wave CD is used for opening long positions.
XBRUSD and XTIUSD might experience massive volatility due to the Chinese GDP release on Tuesday, October 18.
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.