Bulls defend 50-day SMA as rebound builds

Bulls defend 50-day SMA as rebound builds

The USD/CHF bounces off weekly lows and meanders around 0.8080 after hitting a daily high of 0.8127, amid presumed intervention, with Nikkei reporting that the US Treasury Department has told currency market participants to prepare for additional intervention, following Thursday’s action by Japanese authorities to boost the Yen. USD/CHF Price Forecast: Technical outlook The USD/CHF […]

US labor market takes center stage after hawkish Fed split

US labor market takes center stage after hawkish Fed split

The first full week of August will test whether the US Dollar can recover from its sell-off during the last week of July as investors shift their attention from central bank decisions to a fresh round of economic data. The spotlight will be on July’s Nonfarm Payrolls (NFP) report, while ISM surveys, ADP Employment figures […]

US and Israel plan to attack Iran’s energy infrastructure – CBS News

US and Israel plan to attack Iran’s energy infrastructure – CBS News

CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Iran’s energy infrastructure, said multiple sources. The duration would be over the weekend ahead of next week’s Asian open in the financial markets. The article mentions that US sources revealed that Israel has been notified and “are […]

Bulls eye 0.6000 after SMA break

Bulls eye 0.6000 after SMA break

The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) supports the bullish trend, as traders eye the May monthly high at 0.5995. NZD/USD Price Forecast: Technical outlook The daily chart […]