Latest Market News

USDCHF, “US Dollar vs Swiss Franc” USDCHF is pushing off the support level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.9055 is expected, followed by a rise to 0.9245. An additional signal confirming the rise will be a rebound from the lower border […]

ISM Manufacturing Expected 47, 47.1 Previous Today’s US ISM Manufacturing number will be closely watched on the back of the PMI weakness we’ve seen recently. The US factory sector has been trending lower over recent months with the index moving deeper into negative territory last month. The recent trend of data has raised concerns over […]

Market View Shifts Again In recent times, it’s hard to remember an upcoming Fed rate decision which has seen more swings market expectations. Market pricing for a further hike in June has jumped back and forth several times over the last month and, even this week. Starting the week with a rate hike priced at […]

EURUSD, “Euro vs US Dollar” The currency pair has formed a consolidation range around the 1.0830 level and, exiting downwards, continues developing a structure of decline to the 1.0570 level. The target is local. After the quotes reach it, a correction to 1.0830 (a test from below) could start, followed by another wave of decline […]

The Australian dollar continues to decline against the US dollar. The current AUDUSD quote is 0.6488. The Aussie is under increased pressure from a strong USD, and the flow of Chinese statistics. Official reports published by China yesterday reflected a deterioration in the country’s economic activity. China remains Australia’s main trade and economic partner, so […]

EUR Under Pressure  Selling in EURUSD has continued to build on Wednesday with the latest data out of the eurozone showing that inflation in France and Germany slowed more than expected last month. In a further sign that overall eurozone CPI is falling further, EURUSD is pushing lower. Part of this Is the resurgence in […]