Forex Rates On Investing.com: Real-time Data For Informed Decisions

Forex Rates On Investing.com: Real-time Data For Informed Decisions – Some say that all news is “backed in” to the price of an instrument. Stocks, cryptos and even currencies. And for sterling, there has been plenty of “bad news” (and I’m sure I’m forgetting some) from inflation, the winter emergency, Brexit to a changing prime minister.

However, the cable has finally reached some of the key levels tested in 2016 during the Brexit vote, which is less of a covid than in 2020 and today. Is it low? I’m not sure, but with the pair at channel support, the 161% gold Fibonacci retracement (161% extension of the transition from mid-July to mid-August) and the oversold and divergent RSI test, we have at least one dead jump cat Up to the 1.1750 level in the short term.

Forex Rates On Investing.com: Real-time Data For Informed Decisions

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5 Gold Stocks Set to Rise as Yellow Metal’s New All-Time Target… By David Wagner – November 30, 2023 2 Given the big rally over the past few weeks from rising stocks, yields on the US 10 Note the rise in annual Treasuries, and the sharp USD/JPY rally, you’d think USD/CHF would be much higher now. But demand for the franc is apparently high, much to the chagrin of the Swiss National Bank (SNB). This has helped maintain support for the franc, at least for now.

The Swiss National Bank reiterated on Thursday that it would resume expansionary monetary policy as the franc bounced back and was poised to tap the foreign exchange market to relieve pressure on the currency. The market is tired of the SNB’s rhetoric, and traders are testing the central bank’s patience by bidding up the franc.

That said, I don’t see why USD/CHF can’t start moving higher again given the historical positive correlation with USD/JPY and the factors mentioned above.

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Somewhat more similar to USD/JPY, USD/CHF has made higher lows since the start of 2021 and set a new high for the year last week before falling. I expect this trend to continue in the long term, with prices now returning to the demand zone around 0.9250-0.9280:

On the daily time frame, we can see that the 61.8% Fibonacci retracement confluence is also located around the aforementioned support area, potentially representing further support. The 200-day moving average, which provides a more objective way of determining trend direction, is much higher. USD/CHF is currently above the 200 MA after repeatedly refusing to break below it in the past.

While I am primarily bullish on USD/CHF and the long-term technical outlook remains positive, conservative traders now need to see a near-term reversal and bullish signal before it potentially goes too far. We can be as bullish or bearish as we want, but what matters is that the market agrees with our views.

So the first thing I want to see is evidence that buyers want to break the current support level.

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A good mare can help create the hammer-like light that gives us the signal we’re looking for.

Alternatively, a slow grd above last week’s low of 0.9313 would lead to the first positive sign. Why was last week’s lack, you may ask? Well, last week USD/CHF formed a bearish looking shooting star on the weekly chart and so a break above the low of this candle will weaken the bearish momentum.

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Tesla c-shares NASDAQ TSLA Tesla c-shares NASDAQ TSLA Tesla c-shares NASDAQ TSLA Tesla c-shares NASDAQ TSLA Tesla c-shares NASDAQ TES /DOGE We are seeing some cracks starting to appear in some commodity currencies this week. are, with global stock dice and certain commodity prices such as crude oil. Pressure.

So far this week, the Australian, New Zealand and Canadian dollars have resisted a stronger US dollar, with the latter strengthening against the yen and euro, and performing relatively well against the pound.

The Australian dollar in particular has been the best performer of the G10 currencies this year, thanks to a big rally in commodity prices. But the AUD/USD rally appears to be over, at least for now.

That’s partly because the U.S. dollar has found strong support across the board amid speculation the Federal Reserve will tighten monetary policy, including a 50-basis-point hike in interest rates in May and interest rates. includes the possibility of reduction. central bank. weight.

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In addition, we have seen weakness in commodity prices recently. The Australian naturally has a strong positive correlation with commodity prices.

As AUD/USD bounces back, the weekly chart of the currency pair shows a shooting star-like candle after prices failed to sustain a break above the 61.8% Fibonacci retracement level around 0.7610ish.

The resulting breakdown took the Aussie below the key 0.7500 level, where it was at the time of writing. If the negative near the end of the week is confirmed, we may see further declines in the coming week(s).

The weekly NZD/USD chart shows a similar pattern to the Australian candlestick. Zooming in on the daily chart of the Kiwi, we see that prices have now broken below the 200 MA, north of the psychologically important 0.70 handle, after failing to break out of a long-term bearish trend earlier this week. located in.

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Meanwhile, USD/CAD has made a base below the 200 MA after stopping a sweep below the January low of 1.2450 on at least two occasions.

Interestingly, USD/CAD has not been able to come close to last year’s low handle of 1.20, even though oil prices hit multi-year highs last week. As oil has now moved higher, the positive correlation CAD may also weaken and take the USD/CAD pair above 200 million. Specifically, a clean break above the 40-pip resistance area between 1.2585 and 1.2625 is what could trigger an even sharper rally in the coming days.

So keep a close eye on the commodity dollar in the coming days as it shows signs of exhaustion after a strong performance earlier in the year.

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Foreign Exchange Market

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Tes la c Stock NASDAQ TSLA Tesla c Stock NASDAQ TSLA Tesla c Stock NASDAQ TSLA Tesla c Stock NASDAQ TSLA Tesla c Stock NASDAQ TES /DOGE The problem for the bulls is that the XAU/USD spot gold market has held 1850 support well to date. Today we basically closed on a 38% retracement to the 2020 high of the 2020 level. The level has reached the 1838 level and is now at risk of breaking below the 200-day moving average in the coming week(s). What turned out to be good news for gold at the end of the session (Yellen was picked as Treasury Secretary by President-elect Joe Biden).