Bulls eye 0.8200 as RSI turns higher

The USD/CHF pair advances some 0.13% on Wednesday as the Greenback holds within familiar levels, after depreciating versus the Japanese Yen amid speculation of an intervention in the FX markets. This dragged the pair from around five-week highs to the 0.8120 area. USD/CHF Price Forecast: Technical Outlook Price action shows USD/CHF is poised to trade […]

Fed’s Beige Book shows modest economic growth as prices rise

The Federal Reserve (Fed) released its Beige Book on Wednesday, in which the US central bank stated that economic activity increased modestly since early July, while overall employment rose slightly. Regarding inflation, prices rose in eight districts. Input pressures were elevated in manufacturing and construction across multiple districts due to price increases in energy, raw […]

Downside risks build against US Dollar as oil rises – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret note EUR/USD has slipped to the upper 1.15s, with sentiment turning bearish despite supportive yield spreads. They link the renewed deterioration to rising Oil prices and concerns over Euro area terms of trade. Spot is now drifting below their narrow fair value estimate of 1.1619, and technical focus […]