Recent economic data has shifted investor sentiment, easing concerns over a potential U.S. recession. Encouraging employment figures and robust retail sales have led to a decrease in speculative interest in the world's largest economy. As a result,...
The currency pair has experienced some volatility in recent trading sessions, starting the week with a gap higher, only to quickly retrace and close that gap. As of the latest market update, the pair is trading around the 0.9006 region. Despite the...
US tightens sanctions on Iranian oil fleet The United States has ramped up sanctions on tankers transporting Iranian oil, further complicating the already challenging logistics of moving the commodity. According to Bloomberg, the new sanctions...
Traders are closely watching speeches from key U.S. Federal Reserve officials, including Thomas Barkin, Beth Hammack, Alberto Musalem, and Michelle Bowman, for any clues on the future direction of monetary policy. Hawkish comments from the Fed could...
USD/CHF Technical Analysis: Right now, USD/CHF is trading around 0.8650, and I’m keeping a close eye on a few key levels. On the downside, 0.8620 and 0.8600 looks like strong support zones, and a break below them could push the pair even lower. On...
