USD/CHF Falls to 0.8670 Amid Dovish Fed, Awaits SNB Decision
USD/CHF Falls to 0.8670 Amid Dovish Fed, Awaits SNB Decision In the current financial climate, the USD/CHF currency pair has sustained its downward trajectory for the fourth consecutive day, hovering around the 0.8670 mark during Thursday’s Asian trading hours. This comes as the market braces for the Swiss National Bank’s (SNB) impending Interest Rate Decision. […]
USD/CHF Maintains 0.9000 Level Before US Retail Sales
USD/CHF Maintains 0.9000 Level Before US Retail Sales The USD/CHF pair is facing a sustained downtrend, with its value hovering around 0.9020 during the Asian trading session on Monday. This decline in the USD/CHF pair can be attributed to the lingering uncertainty surrounding the Federal Reserve’s (Fed) upcoming decisions on interest rates, which is creating […]
USD/CHF Trims Five-Week Loss, Shifts to Mid-Tier Swiss/US Data
USD/CHF Trims Five-Week Loss, Shifts to Mid-Tier Swiss/US Data In the early hours of Wednesday’s European session, the USD/CHF currency pair continued to maintain its position, showing resilience after experiencing its most significant daily loss in the past five weeks, with levels hovering around 0.8790. This retracement in value is occurring in a backdrop where […]
USD/CHF Dips, Stays Above 0.8600 Pre-FOMC
USD/CHF Dips, Stays Above 0.8600 Pre-FOMC Today, the USD/CHF currency pair is again experiencing a downward trend, marking a second consecutive day of decline. Following an intraday uptick to the 0.8655 region, the pair has seen fresh selling activity and drifted into negative territory. During the early European session, spot prices fell to a new […]
USD/CHF modestly gains near 50-DMA, bulls eyeing a move above 0.9000
USD/CHF modestly gains near 50-DMA, bulls eyeing a move above 0.9000 The USD/CHF pair has been modestly gaining near the 50-day Simple Moving Average (SMA), with traders watching closely for a move above the significant 0.9000 level. This comes as the pair has continued to trade positively for the fourth day in a row. However, […]
USD/CHF: Bears target mid-0.8900s as USD pulls back before inflation hints
USD/CHF: Bears target mid-0.8900s as USD pulls back before inflation hints During Monday’s European trading session, the USD/CHF currency pair is witnessing a downward trend, hovering around 0.8950, marking its first daily decrease in three days. This decline is primarily fueled by the US Dollar’s broad retreat and cautiously optimistic market sentiment. The US Dollar […]
The 5 Most traded Currency Pairs In 2023
The 5 Most traded Currency Pairs In 2023 The foreign exchange market is the largest financial market in the world, trading $6.6 trillion every day. The foreign exchange market is open 24 hours a day, five days a week. There are many opportunities for foreign exchange trading. When you start forex trading, you have […]
The 5 Major Currency Pairs in Forex Market
The Importance of Major Pairs The foreign exchange market is a place where trading in all currencies takes place. However, the volume of trade that takes place in different currencies varies greatly. Although there are hundreds of currencies in the world, about two-thirds of the massive $4 trillion foreign exchange trading volume is transacted in […]
Using Currency Correlation in Forex Trading
Using Currency Correlation in Forex Trading Understanding the price relationships between different currency pairs will give you a deeper insight into how to develop high probability forex trading strategies. Knowing the currency relationships can help reduce risk, improve hedging, and diversify trading instruments. In this article, we will introduce you to forex trading with intermarket […]