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Trading in the region of ~0.81694, a decisive move in this morning’s trading sees USD/CHF surpass monthly lows and break previously held consolidation to the downside. Amidst an increase in general safe-haven demand, trade tariff uncertainty, mixed US economic data, and a dovish stance from the SNB weighs on dollar-franc price action. USD/CHF: Key Takeaways […]

The post USD/CHF Breaks Consolidation to Downside on Renewed Safe-Haven Demand appeared first on Action Forex.

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02/03/2024

BoC to Deliver Another Dovish Hold, Unemployment Rate to Tick Higher

The Bank of Canada is widely expected to maintain the overnight rate steady again at its meeting on Wednesday. An announcement on the ending of quantitative tightening is unlikely but we expect that to follow later in April. Over past meetings, the BoC has been gradually and cautiously moving towards a more dovish stance. Language […]
22/02/2024

NZDJPY Hits Nine-Year High as Bullish Run Continues

NZDJPY extends bullish streak above 92.00 level Bulls remain firmly in control Overbought signals begin to flash red NZDJPY has been recording fresh highs all week and scaled a nine-year high of 92.98 earlier on Wednesday. The momentum indicators suggest that the bullish bias isn’t likely to fade in the near term. However, both the […]
07/06/2024

USDCAD Holds Within Recent Range

USDCAD constrained within a range as US & Canadian jobs data awaited at 12:30 GMT Bulls need a rally above 1.3775; bears could take control below 1.3578 USDCAD has been swinging sideways over the past two weeks between 1.3740 and 1.3600, unable to reverse the short-term downtrend from April’s peak of 1.3844. The technical signals are currently uncertain, […]