The upcoming August inflation data may send mixed signals. The 12-month headline inflation rate is expected to rise to 3.6%, causing concerns for the Biden administration. However, core inflation, which excludes food and energy prices, is projected to decrease to 4.3%, aligning with the Federal Reserve's goals. Past price trends influence both figures, so looking at recent data for a more accurate picture is crucial.
USD/CHF is waiting for something
2019-11-11 • Updated
SELL 0.9905; TP 0.9870; SL 0.9920
BUY 0.9975; TP1 1.0000; TP2 1.0050; SL 0.9960
USD/CHF is supported by the 50-day MA at 0.9917. The "doji" candlestick that formed on the D1 yesterday signals the uncertainty of market players. If investors start having more serious doubts about the potential phase-1 agreement between the United States and China, the USD will fall. The decline below 0.9910 (MAs on H4) will open the way down to 0.9870 (100-day MA). On the upside, buying will become less risky once USD/CHF gets above the 200-day MA (0.9953) and October 28 high (0.9972). In this case, targets will lie at 1.0000 and 1.0030/50.
The odds of a final interest rate hike by the US Federal Reserve (Fed) this year have dropped after US job openings hit their lowest levels since early 2021. This has led to a correction in the US Dollar as traders reduced their bets on further rate hikes.
Here we go again, my friends. It’s time to look critically into the future of what trading opportunities September might have in store for us. As always, it is essential to note that the views expressed here are mine and should not be considered financial advice without proper examination.
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.