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The US June CPI report left the dollar entirely defenseless, causing the US currency index to plummet to nearly 100 level: As seen in the chart, this is the lowest level since April 2022, meaning the dollar index has not been in this area for over a year. Dropping below the 101 level, the dollar […]

The market’s most traded currency pair maintains upward momentum on Thursday. The current EURUSD quote is 1.1140. So, the US dollar dropped to its annual low against the Euro after the US published statistical data on the Consumer Price Index in June. The index rose by 0.2% m/m against the forecast rise of 0.3%. Such […]

The FTSE Finish Line – July 13 – 2023 FTSE & Sterling Shine As Miners Lead The Charge, Homebuilders Weigh The FTSE recorded a second day of gains on Thursday heading into the close; the blue chip index was up 0.6%, driven by the positive performance of energy and mining stocks. The increase in commodity […]

US CPI Falls Again The US Dollar has come under heavy selling pressure today on the back of yesterday’s US inflation data. On the yearly figure, CPI was seen cooling to 3% from 4% prior, below the 3% reading the market was looking for. Both monthly readings were also seen coming in below expectations. Having […]

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USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes on H4 and the RSI are in their oversold areas. In these circumstances, the instrument is expected to rise above -1/8 (0.8667) and advance to the resistance level of 0/8 (0.8789). The scenario can be cancelled by a downward breakout of the support at -2/8 (0.8544), which […]