Key Highlights USD/CHF started a fresh decline below the 1.0000 support. It traded below a major bullish trend line with support at 0.9980 on the 4-hours chart. Crude oil price climbed higher above the $88 resistance zone. The US Gross Domestic Product could grow 2.4% in Q3 2022 (Preliminary), up from -0.6%. USD/CHF Technical Analysis […]
The post USD/CHF At Risk of More Losses, Oil Price Rises appeared first on Action Forex.
Eurozone producer price inflation accelerated sharply in March, with PPI rising 3.4% mom and 2.1% yoy, exceeding expectations of 3.3% mom and 1.8% yoy. The increase was driven overwhelmingly by energy costs, highlighting the growing Read more…
EUR/USD rose to 1.1717 on Wednesday, snapping a three-day losing streak. Pressure on the US dollar stems from growing expectations that the US will reach a negotiated settlement with Iran, reducing demand for the USD Read more…
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