Forex Signals Brief April 8: Could the Stock Market Rebound Extend Today?

Yesterday we saw a strong rebound in US stocks after opening with a massive gap lower, on tariff freeze news, which could extend the bullish move further if countries start to negotiate.

The momentum will likely remain positive if there are tariff negotiations!
The momentum will likely remain positive if there are tariff negotiations!

Continue reading “Forex Signals Brief April 8: Could the Stock Market Rebound Extend Today?”

Forex Signals Brief April 4: Can the NFP End the Crash in the USD and Stocks?

Today NFP payrolls are expected to decline, increasing the odds of the FED cutting rates which would help the USD and stock markets.

Can we see a reversal in stock markets and the USD today?
Can we see a reversal in stock markets and the USD today?

Continue reading “Forex Signals Brief April 4: Can the NFP End the Crash in the USD and Stocks?”

USD/CHF Dives 5 Cents on Safe Have Status, Swiss Inflation

USD/CHF kept banging against the 100 daily SMA, but reversed 1 cent lower last night, benefiting from the safe haven status.

Swiss CPI inflation cooled in March after the jump in February
Swiss CPI inflation cooled in March after the jump in February

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Forex Signals Brief March 20: SNB Rate Cut and BOE Meeting After the FED

Yesterday, the FED maintained a neutral stance, as expected. The Bank of England is also anticipated to follow a similar approach today, while the Swiss National Bank is widely expected to cut interest rates.

The Swiss National Bank is expected to deliver a 25 bps rate cut
The Swiss National Bank is expected to deliver a 25 bps rate cut

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CHF to USD Rate Falls to 0.88 on the Swiss GDP Report for Q2

CHF to USD rate continues to show volatility, with USD/CHF slipping below 0.88 after failing to reach o.90 last week.

Switzerland GDP Report for Q3

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USDCHF Retreat Looks Good for Buyers, Targeting 0.90 First

USDCHF has retreated 1 cent lower together with the bearish gap at the Asian opening, but the main trend is bullish, which makes this a good opportunity for buyers, as the pair remains supported by a dovish SNB policy as well. Continue reading “USDCHF Retreat Looks Good for Buyers, Targeting 0.90 First”

Gold Closes Above $2,700, CHF to USD Rate Approaches 0.90

The CHF to USD rate moved 1 cent on Friday, as USD/CHF surged to the highest level since July, while Gold closed the week above $2,700, which puts it officially back on the bullish trend after the retreat in the first half of November.

Gold formed a bullish engulfing chart pattern

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Another Bullish Break Above 0.88 for USDCHF, Despite SNB Not “Committing” to Rate Cuts

The volatility in the CHF to USD rate picked up today, as USD/CHF made a break higher today, after stalling below 0.88, following another bullish move higher last week on Donald Trump’s presidential victory. The 100 daily SMA which was acting as resistance as well for broken, which opens the door for 0.89 and 0.90eventually.

SNB is not committing to rate cuts, but markets still expect more easing
SNB is not committing to rate cuts, but markets still expect more easing

Continue reading “Another Bullish Break Above 0.88 for USDCHF, Despite SNB Not “Committing” to Rate Cuts”

USDCHF Rally Stalls after FED and SNB Rhetoric

USDCHF gained nearly 4 cents since bottoming at 0.84, but failed at resistance yesterday after the FED rate cut and reversed 50 pips lower. Now the price is overbought on this pair as the weekly chart below shows, which points to a retreat lower after the bearish reversal yesterday.

Swiss National Bank Board Member Martin Speaks
Swiss National Bank Board Member Martin Speaks

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USDCHF Overbought But Has Room to Run Higher to 0.90

USDCHF has made some decent gains in October, climbing 1.5 cents, but it seems overbought on the weekly chart now and in the last three days it has stagnated, unlike USD/JPY which climbed above 150 today, overtaking last week’s high. However, there’s still some more room to the upside if there isn’t any escalation of tensions in the Middle East. Continue reading “USDCHF Overbought But Has Room to Run Higher to 0.90”