While the franc is indicated even weaker than that level on valuation modeling, that 1.08-1.09 band against the euro may acknowledge some of the legitimate pressure for the franc to strengthen amid the war. So it would still be a compromise for the SNB, but a level where it would be far more comfortable with.
Breakout and false breakout can happen due to fundamental factors that change every day, the main focus at this time for the USDCAD pair are the fed interest rate, oil prices, inflation , monetary and fiscal policies. Oil price rally makes correlation for Canadian Dollar. This is USDCAD analysis on higher timeframe : USDCAD D1 - 4th MAY 2022
As traders, of course.. We know that when inflation is too high, safe haven prices such as gold will soar. But that only applies before 2009. Before bitcoin was launched for the first time. Not many traders know, that market participants such as banks, big institutions, fund managers, and big companies trust bitcoin as a safe-haven, which actually competes with...
As one of the world's leading international financial centers, Hong Kong's service-based services are characterized by low taxes, nearly free ports and good international financial markets. Hong Kong Monetary Authority (HKMA) has sold US dollar to marking the first intervention of the HKMA in over three years. It will continue to closely monitor market situations...
Some market participants believe the BoJ may change its ultra-loose policy to slow the yen's decline, which is being driven by rising interest rate differentials as the US Federal Reserve embarks on aggressive rate hikes. Among the factors behind the yen's weakness was the widening gap in economic conditions between Japan and Western countries.
Bearish potential for ethereum, the price breaks below the support area. The consequences of fundamentals will be seen on the chart, whether it is a breakout or a false break. Basically the underlying cryptocurrency is similar to gold and chf, which is both a safe haven, but in digital form. We can use data in CFTC to know crypto sentiment and correlation with...
Bullish potential on the OANDA:UK100GBP Daily Timeframe , The price have no power to breakout below the support area Aug 2019 - Jan 2020. Last month UK100 was bearish to the diagonal trendline support, and returned to the horizontal resistance area . However, at the end of 2021 there was a bearish divergence signal. where the price is bullish but the flat...
Based on the latest COT sentiment, big institutions are still inclined to long contracts, they change the long to take profit on the long contract and add to the short contract. So it can be concluded, For the next few hours - days I predict the possibility that gold will be bullish down to: 1830 - 1820 this area is the key whether the price will rebound or...
World oil prices fell due to continued lockdowns in China, the world's top oil importer, sparking concerns about the outlook for oil demand. The COVID lockdown in China has had a negative impact on the oil market, which was hit by a sell-off along with equities. In my view 97-100 is support level. This is a good opportunity to buy with the target of the correction...
Euro still tend to weaken. ECB President Lagarde draw interest on Wednesday, with the markets looking for any forward guidance on monetary policy. Other stats in the week include finalized member state inflation figures for May that should have a muted impact on the EUR.
Emmanuel Macron was reelected for the second term on April 24th. The program he presented in mid-March argued that the retirement age would be raised to 65 and that the minimum solidarity income would be increased according to working hours. In the coming weeks, the stability program will need to be sent to Brussels, and the budget trajectory for the next few...
Berlin had previously hoped for a solid recovery in 2022 as the effects of the coronavirus pandemic began to mitigate. Energy prices, in particular, have "skyrocketed" since the outbreak of the war, forcing the first German companies to take drastic actions, such as idling power plants, while consumers face high electricity prices. It has been. Germany, which...
I usually use this method for trading in the stock market. But it seems I see an opportunity for this method for EURUSD. These technicals take advantage of market activity in the single session H4 and D1 against major trend movements. We know that the euro is under bearish pressure, counter the trend will be depicted as a long bullish candle, which becomes the...
The high price of oil was caused by Europe embargoing energy imports from Russia, rising prices were restrained by China during the Covid-19 lockdown, thereby limiting the production activities of those need energy. So at this time oil still tends to be sideways , for future fundamental events it will be illustrated in the chart whether the price will breakout...
British Prime Minister Boris Johnson renewed his Brexit concerns by giving the European Union (EU), "one last chance" to compromise the Northern Ireland (NI) protocol, per The Times. This move could be a political gimmick when the NI election begins today. As UK inflation soars, the monetary policy committee is widely expected to lift the interest rate to 1.00...
The battered European currencies are faring well, with safe havens like the Japanese Yen and US Dollar pulling back. While not anywhere near ground zero in financial markets in terms of impact, the net-result of improving risk appetite has proved beneficial for the British Pound.
Focused squarely on the developing crisis in Ukraine. CHF (Swiss Franc) This currency is owned by Switzerland. Investors assess the condition of the Swiss government and their financial system which is very up-to-date and safe, giving the status that Switzerland and its currency can be relied upon in the event of an unexpected event. Several currencies also have...
Since September 20, 2021, the Frankfurt Stock Exchange has officially expanded the components of the DAX 30 index to 40 shares or the DAX 40 index. Of the 40 stocks of selected large companies that are components of the DAX 40 index, as many as 15 stocks made a profit, while 24 stocks suffered losses and one stock traded unchanged. The European Central Bank will...