USDCHF is under heavy selling pressure after the pair breached the 50 hour moving average at 99.27 and now is trading close to daily low at 0.9886. The pair hit the daily low at 0.9879 and the high at 0.9960. The move today enhances the bearish outlook for the pair as traders convinced that the Fed will eventually move to cut interest rates by the end of 2019, coupled with the post-ECB spike in euro and weaker US economic figures. In its latest quarterly report, FED announced that the household debt in the U.S. rose at an annual rate of 2.3% to $15.7 trillion in the first quarter of 2019 following the 2.8% growth recorded in the last quarter of 2018.
Negative tone prevails for the AUDUSD pair during the forex trading session. Aussie fundamental data continue to disappoint investors. The...
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The pair is trading positive at the daily high around 1.2720 as the selling pressure in USD persists. Disappointing U.S....
USDJPY started the European trading session on strong foot today, after the pair earlier this week hit multi month low...
Euro extends rally at 2 month high as NFP came in worst than expected. The U.S. Bureau of Labor Statistics...
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The Mexican Peso is the outperformer today after President Donald Trump has announced via Twitter that the United States has...
Pound is trading 0.34 percent lower today at 1.2695 after weaker-than-expected UK macro data that released earlier. The UK economy...
Euro retreats below 1.13 after the recent rally at 2 month high as NFP the previous week came in worst...