UBS flags SNB FX purchases to combat CHF rise

UBS flags SNB FX purchases to combat CHF rise
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UBS flags SNB FX purchases to combat CHF rise
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Gold (XAU/USD) kicks off the new month on a firm footing, climbing to its highest level since October 21 on Monday, as risk-off sentiment underpins safe-haven demand, while traders gear up for another interest rate cut by the Federal Reserve (Fed) at its December 9-10 monetary policy meeting. At the time of writing, XAU/USD is…
If you struggle with knowing which Fair Value Gaps (FVGs) to trade and which ones to ignore, this post is for you. Most new traders see an FVG and assume it’s an automatic buy or sell zone. That’s usually because price action traders hear terms like “bullish fair value gap” or “bearish fair value gap,” or…
The Pound Sterling falls below 1.3150 against the US Dollar after sticky US core PCE inflation. A decline in market expectations for the Fed’s large interest rate cuts supported the US Dollar. The policy-easing spell from the BoE is expected to be slower than that of its major peers. The Pound Sterling (GBP) extends its two-day losing spree…
Investing.com — As the U.S. prepares for the highly anticipated 2024 elections, BCA Research advises investors to take precautionary measures and de-risk their portfolios. The financial landscape is clouded by economic slowdown, geopolitical tensions, and the likelihood of market volatility in the lead-up to November. While BCA assigns a slight advantage to the Democrats, the…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Hello traders, Welcome to this week’s Forex Weekly Forecast, where we analyze the key technical and macro drivers shaping EUR/USD, GBP/USD, Gold, and Crude Oil. As always, this analysis is based on price action, market…
Bitcoin’s journey to $100,000 is hitting a snag as an area of interest limits bullish demand. Here’s a level you can watch if you’re waiting for bitcoin to moon (some more): Bitcoin (BTC/USD) 4-hour Chart by TradingView In case you missed it, a rejection from just under the big $100,000 level dragged BTC/USD back to…