Logo-color Logo-white

USDCHF trades sideways near 8-month low, below 20-SMA Short-term outlook is hazy, but optimism is still there Key resistance at 0.8522; support at 0.8330 USDCHF has been in a tight range within the 0.8400 region so far this week, remaining trapped below its 20-day simple moving average (SMA) and the resistance trendline from July near […]

The post USDCHF Stable at the Bottom of a Downtrend appeared first on Action Forex.

previous

Hawkish Market Surprises from Norges Bank and Bank of England

next

WTI Crude Oil Tries to Extend Its Bullish Correction

Read More

23/05/2024

Is USDJPY Still Searching for New Highs?

USDJPY surpasses key resistance, but more steps needed Short-term risk tilted to the upside; 157.00 mark under examination US S&P Global PMIs, initial jobless claims, new home sales on the agenda USDJPY closed Wednesday’s session with modest gains at 156.75 as the FOMC minutes highlighted worries about inflation and disagreements among policymakers on the timeline […]
08/06/2024

Fed Set to Hold Rates as Inflation and Other Indicators Show Mixed Signals

Wednesday’s U.S. Consumer Price Index data and the Federal Reserve’s interest rate decision will be in focus after the Bank of Canada and European Central Bank cut rates the week before. The Fed is not expected to follow suit—at least not right now. We expect U.S. CPI growth numbers out in the morning before the […]
16/08/2024

GBP/USD Extends Gains as Retail Sales Bounce Back

The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing. It has been a winning week for the pound, which has climbed 1%. UK retail sales jump in July There was more good news from the UK […]