Dollar marginally extends gains after Fed holds rates steady, but sees dissents

Reminiscences of a Stock Operator Main Themes: The life and trading career of Jesse Livermore: The book is a fictionalized biography of Jesse Livermore, a legendary stock trader who rose from humble beginnings to amass a fortune through speculation. Timeless principles of stock market speculation: Though written in 1923, the book explores fundamental concepts of…

The USD/CHF pair is growing slightly during the Asian session on Friday and is trading at 0.7675. Despite the local recovery, the pair still remains near multi-year lows, which indicates that the franc is significantly overbought in the face of ongoing economic uncertainty. A key factor in supporting the US currency was the reduction of……

The Swiss franc has steadied on Friday after sliding 1.1% a day earlier.  In the European session, USD/CHF is trading at 0.9016, down 0.16% on the day. The US dollar beat a hasty retreat against the major currencies on Thursday, after the White House announced that the US would not impose reciprocal tariffs before April…

2024.06.10 2024.06.10 USDJPY bears still asleep. Forecast as of 10.06.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Neither expectations of a reduction in quantitative easing (QE) nor rising Japanese bond yields are helping USDJPY bears. Their rivals are encouraged by the fact that the US economy is still strong and the rate differential remains wide. Let’s talk about this topic…

The US dollar has remained bid as US credit market concerns continue to ease, and the large drop in precious metals potentially offers extra support. More USD gains from here should be harder to sustain though. Meanwhile, a cooler-than-expected CPI report in the UK is increasing downside risks for the pound as the BoE is…