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Wednesday, July 17, 2024

American Market Recap: USD/CHF hits key downside target as trading day closes

USD/CHF hits key downside target as trading day closes

As the US trading session draws to a close, the USD/CHF has reached a key swing target area between 0.8818 and 0.88267. This level is crucial for both buyers and sellers. For dip buyers, it offers a l... 

tranche

USD/JPY falls to a fresh daily low and a test of 156.00

It's not clear what's going on in yen trading today. Justin earlier speculated about intervention but noted that the move didn't have the usual hallmarks of the Ministry of Finance slamming the bid. W... 

AUDUSD sellers push the price back toward key MA, retracement and swing area support

I In the new trading day in Australia, the release of the employment report is expected to significantly impact prices. Knowing the key technical levels can help map out the potential market reactions... 

A report says China still wants gold but prices retreat from a record

Gold daily Gold touched a record $2483 but has since reversed lower and is trading down $12 on the day to $2456. Technically, I don't see this reversal as overly damaging as it doesn't come close to e... 

A report says China still wants gold but prices retreat from a record

Gold daily Gold touched a record $2483 but has since reversed lower and is trading down $12 on the day to $2456. Technically, I don't see this reversal as overly damaging as it doesn't come close to e... 

tranche

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FX option expiries for 17 July 10am New York cut

There is just one to take note of, as highlighted in bold . That being for USD/JPY at the 158.50 level. It isn't one that holds any technical significance but could help to keep price action more cont... 

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