Previous post Next post

USDCHF moves lower after SNB comments and US jobs data

Initial jobless claims spike higher, and SNBs Jordan speaks about inflation.

The USDCHF has moved sharply lower after SMB's Jordan spoke to more persistent than we thought inflation, and the much higher US jobless claims moved US rates lower and the US dollar lower as well.   The USDCHF moved to a swing area between 0.9025 and 0.9035. The 38.2% retracement of the major trading range comes in at 0.90218.  Move below each opens the door for further downside momentum on the technical break.
Full story here Are you the author?
About Forexlive
Founded in 2008, ForexLive has been the go to source for both professional and retail traders from around the globe. Our core belief is that all traders want relevant and succinct trading information, and we deliver it 24 hours a day.
Previous post See more for 4.) Forex Live Next post
Tags: ,

Permanent link to this article:

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.