USD/CHF trades near a critical resistance zone as markets assess ongoing tariff uncertainty and soft US economic data. US consumer sentiment weakened in early May, raising concerns about the economic outlook. Technical levels suggest upside is capped near 0.8540, with strong support around 0.8320. The USD/CHF pair is trading higher on Friday, testing a significant…
USD/CHF trades higher as the US Dollar strengthens on news of a 90-day tariff reduction deal between the US and China. The US 10-year Treasury yield hits 4.4500%, boosting USD demand, while Swiss franc lags amid reduced safe-haven flows. Key support levels for USD/CHF are 0.8910, 0.8880, and 0.8850, while resistance sits at 0.9050, 0.9080,…
USD/CHF gains ground to near 0.9110 in Monday’s early European session. The upbeat US employment data for January supports the US Dollar. The uncertainty and ongoing Middle East geopolitical tensions could boost the safe-haven currency like the CHF. The USD/CHF pair gathers strength to around 0.9110 during the early European session on Monday. The US…
USD/CHF may gain ground due to the hawkish policy shift by the Federal Reserve. The latest ISM services report indicated higher activity and rising prices, fueling concerns about persistent inflation in the United States. The Swiss 10-year bond yield climbed to 0.37%, marking its highest level in over a month. USD/CHF steadies following gains from…
USDCHF Sellers Begin To Show Interest USDCHF bulls are losing momentum near the 0.91450 key level. After a strong rally since December, the bullish drive appears to be fading as the pair trades close to this significant resistance level. This signals a potential shift in market sentiment. USDCHF Key Levels Resistance Levels: 0.91450, 0.92500Support Levels:…
Trading psychology: a humoristic approach There is a huge difference between talking and acting in the foreign exchange world. Actually, it takes some naturally built-in guts to pick up the telephone and conclude a transaction. And it is true that «either you ‘ve got it or you ain’t got it». Traders agree that…
Trump Tariffs Strategy: Big Stick Diplomacy? President elect Trump has not even taken office and he is already impacting markets, the latest being a threat to impose 25% tariffs on all products from Canada and Mexico, and an additional 10% levy on goods from China. This followed easing market concerns after Scott Bessent…
Embrace the Retrace As those who have followed my thinking know, I believe trading is common sense. When you think of trading this way you can make sense of what many take as blind faith and learn how our logic takes advantage of retracements to trade. This is why I say embrace the…
The One Word That Makes Markets Move Part 2 I asked a question of our readers in Part 1 of The One Word That Makes Markets Move. The question was what word? The answer was “failure.” A higher low is formed by a failure to break the prior low. A lower high is formed…
Newsquawk.com Week Ahead: 21st-25th October Highlights include PBoC LPR, BoC, EZ & UK PMI MON: PBoC LPRTUE: NBH Announcement, IMF World Economic OutlookWED: BoC AnnouncementTHU: EZ/UK/US Flash PMIs (Oct)FRI: PBoC MLF (TBC), CBR Announcement, Japanese Tokyo CPI (Oct), German Ifo (Oct), US Durable Goods (Sep), US University of Michigan Final (Oct) Newsquawk…