ONLINE FOREX BROKER
2019-11-11 • Updated
Trade idea
SELL 0.9705; TP1 0.9660; TP2 0.9590; SL 0.9720
USD/CHF tried to move higher last week but was stopped by the 100- and 200-week moving averages in the 0.9850 area. These lines represent serious obstacles for bulls. As a result, the pair came back to the 50% Fibo retracement of the 2018-2019 decline at 0.9710. The price has already made two attempts to break below this area. There are all reasons to expect that it will do so once again given the new spike in the market’s risk aversion that’s increasing the safe-haven appeal of the CHF. The break below 0.9710 will make us target 0.9660 (August low) and 0.9590 (61.8% Fibo). Resistance is located at 0.9800.
On Wednesday, the US dollar weakened in anticipation of the US CPI data, which could influence market exposure. A Bloomberg survey predicts a year-on-year read of 5.0% to the end of April. Market sentiment is affected by the US debt ceiling and issues with regional banks. While the major APAC equity indices are...
Gold prices have stabilized at around $2,020 ahead of Tuesday's trading session, following last Friday's dip. Recent fluctuations in risk sentiment have been the driving force behind the pricing of the precious metal. How does this look on the charts? Let’s find out.
The influence of the dollar as the world reserve currency is gradually falling. Is it possible that the euro will replace it? We are not so sure about that.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
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