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USD/CHF saw a rebound after declining for two days straight, climbing towards the important psychological level of 0.8800 during Wednesday’s early Asian trading session. There’s some pressure on the Swiss Franc (CHF) as traders await the Swiss ZEW Survey – Expectations report scheduled for later today. Moreover, investors are keeping an eye on Thursday’s release […]

The post CHF: Key Zone Could Yield Strong Reactions appeared first on Action Forex.

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25/10/2024

Canada: Retail Sales Grow for the Second Consecutive Month, Supported by Auto Sales.

Retail sales rose by 0.4% month-on-month (m/m) in August, coming in worse than Statistics Canada’s advance estimate for a 0.5% m/m increase. July’s print was unchanged at 0.9% m/m reported in the advance estimate. Adjusting for inflation, the volume of retail sales was 0.4% higher on the month. Sales at motor vehicle and parts dealers […]
26/08/2024

Sunset Market Commentary

Markets The dust settled somewhat after Fed chair Powell’s “the time has come” speech in Jackson Hole prompted an almost 9 bps decline in US yields last Friday. The front end of the curve outperformed, drawing comfort from Powell implicitly leaving all options open, including supersized (eg. 50 bps) rate reductions in September or later. […]
12/06/2024

NZDCAD Wave Analysis

NZDCAD reversed from support level 0.8400 Likely to rise to resistance 0.8500 NZDCAD currency pair recently reversed up with the daily Piercing Line from the support level 0.8400 (former strong resistance from November, December and May). The support level 0.8400 was strengthened by the nearby 20-day moving average and by the 50% Fibonacci correction of […]