4 Global Market Updates- 16 September, 2022

In this article, we have covered the highlights of global market news about the USD/CHF, USD/CNY, EUR/USD and the EUR/GBP.

USD/CHF approaches weekly high; bulls anticipate sustained gain over 50 DMA.

On Friday, the USD/CHF pair attracts new bids and reaches a brand-new weekly high in the early European session. Bulls, on the other hand, find it difficult to seize the opportunity or get acceptance above the 50-day SMA, and the intraday move-up pauses just before the mid-0.9600s.

The US dollar is once again in demand and recovers from an early decline to a multi-day low, which ends up being a major driver of the USD/CHF pair’s upward movement. The USD continues to be supported by expectations that the Federal Reserve will raise interest rates more quickly in order to control inflation. The Tuesday’s higher US CPI data confirmed the wagers.

In fact, the markets have already factored in the prospect of a full 100 bps rate rise at the forthcoming FOMC policy meeting on September 20–21 and a second enormous 75 bps increase in November. This continues to be favourable for the high US Treasury bond rates, which support the USD/CHF pair and serve as a tailwind for the US dollar.

Read More...

fx trading 

 

Comments

Post a Comment

Popular posts from this blog

4 Global Market Updates- 11 July, 2022

  In this article, we have covered the highlights of global market news about the  UK Conservative leadership, Fiscal policy, US Dollar , and Natural Gas . Candidates for the UK Conservative leadership present contrasting tax strategies. Jeremy Hunt, a candidate for the UK Conservative leadership, said on Monday that he wants to reduce all taxes. “I can decrease taxes within our present budgetary laws,” Hunt continued. While this is happening, several UK media sites claim that UK Finance Minister Nadhim Zahawi intends to impose 20 percent budget cutbacks across the board to pay for his proposed tax cuts. Zahawi ran for the position of prime minister after Boris Johnson. Read More... forex managed account services   #globalmarket #UK #USD #tax #naturalgas #dollar #forex #trading #trade #edgeforex
Read more

4 Global Market Updates- 22 July, 2022

  In this article, we have covered the highlights of global market news about the Price of Natural Gas, Dollar , Crude Oil Prices and  Gold Price . Futures for natural gas: Further increases seem to be unfavorable On Thursday, open interest in natural gas futures markets decreased by around 3.2 thousand contracts, which was the opposite of the previous increase when advanced prints from CME Group were included. After three days of daily increases, volume followed suit and decreased by roughly ten thousand contracts. Read More... forex factory   #leverage #fxtrading #foreignexchange #trading #forextrading #risk #forexnews #globalmarket #edgeforex
Read more

Sri Lanka is running out of gasoline

  Sri Lanka’s newly appointed prime minister has stated that the cash-strapped island nation has run out of petrol, and that the country urgently needs $75 million in foreign exchange in the coming days to pay for essential imports such as medicine.  He also stated that the government was unable to raise funds to pay for three oil shipments, with the ships awaiting payment outside the Colombo harbor before discharging their cargoes.  ” The following couple of months will be the most irksome this country has anytime defied.” Obviously, this affects all aspects of life, not just the industrial and manufacturing sectors, but also daily life, children going to school, and every other aspect you can think of.  “People did not have a clear picture of how bad things were so far.” Reassurances from successive politicians did not help because people had a false sense of optimism that everything would be fine.  Read More... forex trading strategies #edgefore...
Read more