2023

USDCHF struggles for support The Swiss franc rallied after a slower decline in producer and import prices suggested inflation pressure. The pair has been trying to stabilise above 0.8990 at the base of a bullish breakout candle in late…
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GBPUSD recovers as inflation in focus Cable clawed back some losses as traders await a new set of readings on the UK’s inflation and job market. Market participants see little chance of another BoE rate hike at the November meeting,…
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Today marks the unofficial start of the third quarter earnings season, with the four largest banks in the US reporting before the market opens. Naturally earnings season is generally more something that affects equities, and stock traders…
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AUDUSD turns south The US dollar soared after consumer price growth beat expectations in September. The aussie had recouped most of the losses from the sell-off near the end of September. However, the peak of the previous rebound at…
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There has been a lot going on in the world lately to fill up headlines, so that some important things might be slipping through the cracks. That seems to be the case with the rise in US bond yields over the last several months that have…
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USDCHF probes support The US dollar drifts lower as month-on-month producer prices continue to ease. The pair is still pulling back in search of buyers after lifting offers near June’s high of 0.9120. 0.8990 at the base of a bullish…
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The forex market is highly popular and a major reason for this is that it is always open in one part of the world. So, you can trade forex either in New York or London, Tokyo or Sydney, at different times on the same day. Now you know why…
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