USDCHF near-term upside bias?

On Sep 21 the Fed hiked by 75 bps to 3.00-3.25% and Jerome Powell delivered a significant hawkish message expanding the terminal rate to 4.6% for 2023, up from 3.8%…

GBPCHF rally sellers ahead?

The CHF has reasons for strength. The SNB has dropped its ‘highly valued’ label from the CHF from its June meeting. The returning appeal of traditional safe havens suit flows…

EURJPY rally sellers ahead?

The EUR still has some continued reasons for weakness as it increasingly looks like heading into a recession as PMIs on July 22 showed a steep drop below the market’s…

More EURGBP sellers ahead?

The EUR still has some continued reasons for weakness against the GBP. However, since last week’s heavy falls a retracement entry would be preferred. The EU is sending increasing signs…

What’s going on with gold?

Why the sharp fall this week? Gold has been touted as an inflation hedge and as a stagflationary play which are two major influences in markets. So, if you just…

EURGBP sellers ahead?

The EUR has some new reasons for weakness after the last batch of PMI data points released on the 23rd of June. The German June PMI flash readings came in…

EURGBP dip buyers?

The UK economy is facing a cost of living crisis as higher taxation, higher goods prices, and the prospect of rising energy bills in the Autumn is weighing heavily on…

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