USDCHF Wave Analysis

Aggressive interest rate cuts by PBoC coupled with potential expansionary fiscal policies that target consumer spending have stoked positive animal spirits. Market breadth has improved on China CSI 300 and Hong Kong Hang Seng Index. Watch the key medium-term support of 18,290 on the Hang Seng Index. Since the start of last week, a change […]

In focus today Today we get CPI numbers out of the US, UK, and Sweden. In the US, we expect both headline and core CPI to come in at 0.2% m/m seasonally adjusted. The release is the second to last before the next FOMC meeting in September, and the Fed will undoubtedly keep close watch […]

USDCHF reversed from resistance area Likely to fall to support level 0.8400 USDCHF currency pair recently reversed down from the resistance area located at the intersection of the key resistance level 0.8525 (upper border of the narrow sideways price range inside which the pair is moving from August) and the upper daily Bollinger Band. The […]