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2025-02-25
The Australian Dollar appreciates despite escalating trade tensions.
The PBOC injected CNY300 billion through the one-year Medium-term Lending Facility (MLF), keeping the rate steady at 2%.
President Trump said tariffs on Canada and Mexico ‘will go forward’.
The Australian Dollar (AUD) recovers its daily losses as the US Dollar (USD) weakens amid declining US Treasury yields on Tuesday. Investors eagerly anticipate Australia’s monthly inflation report on Wednesday, as it’s expected to offer crucial insights into the future course of monetary policy after the Reserve Bank of Australia’s (RBA) recent hawkish rate cut.
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Gold price weekly uptrend remains uninterrupted despite positive risk tone
2024-11-21
Gold price attracts buyers for the fourth consecutive day and climbs to over a one-week high. Geopolitical risks stemming from the Russia-Ukraine conflict benefit the safe-haven XAU/USD. Elevated US bond yields could underpin the US Dollar and cap the non-yielding yellow metal.
USD/CHF Price Prediction: Surges in bullish breakout from multi-week range
2024-10-04
USD/CHF breaks out of the range it has been straight-jacketed in for weeks.
The pair has probably started a new uptrend with odds now favoring the acquisition of bullish targets.
USD/CHF decisively breaks out of the top of its multi-week range, probably ending its protracted sideways market trend. A close clearly above 0.8540 and the range ceiling would cement bullish expectations.
The move means the pair has probably changed its short-term trend from range-bound to bullish, and since it is a fundamental principle of technical analysis that “the trend is your friend” the odds favor a continuation higher.
USD/CHF 4-hour Chart
USD/CHF is now likely to reach an upside target at a minimum of 0.8617 (August 14 swing low), or 0.8622 (Fibonacci 61.8% extrapolation
USD/CHF Price Prediction: Up leg almost reaches target and range high
2024-10-02
USD/CHF is rising within a range-bound market.
It has almost reached its target close to the top of the range high.
USD/CHF extends its gains as it unfolds an up leg within a range-bound market.
The move is underway and likely to reach the 0.8517 resistance level formed by multiple recent highs. A really bullish move could even see the pair reach the 0.8539 ceiling of the range.
USD/CHF 4-hour Chart
USD/CHF is in a sideways trend. Given the principle in technical analysis that “the trend is your friend” the odds favor an extension of this trend. Once the pair reaches its upside target it will probably roll over and begin a down leg towards the range lows.
Only a decisive break above 0.8539 and the top of the range would signal a change in trend. A decisive
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