As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.
Tag - usd
A lot of political uncertainties are driving the British pound down.
trade ideas for USD/CAD and CAD/CHF
The USD is helped by the demand for it as a safe haven and the lack, while the CAD is pressured by the declining oil prices.
The United States anticipates the release of headline and core durable goods orders on May 24, at 15:30 MT time.
Check the moves of GBP/JPY, EUR/USD and USD/CAD.
USD/ZAR met the resistance of the line connecting September, March and May highs in the 14.50 area.
The Brazilian real faced a real challenge during the last couple of days. The USD/BRL pair jumped above the 4 level on Friday and tested the last September highs above 4.11.
As the Brexit situation does not become any brighter, the British pound suffers, too.
- XAU/USD may fall further - AUD/USD is moving to lows of January 2016 - AUD/CAD is under pressure…
Great Britain will release the level of CPI on May 22, at 11:30 MT time.
Find out the main drivers for this week