Bearish View Sell the USD/CAD pair and set a take-profit at 1.2700. Add a stop-loss at 1.2850. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.2850 and a take-profit at 1.2950. Add a...
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USD/CHF FLIRTS WITH ONE-MONTH LOW, AROUND 0.9500 MARK AMID WEAKER USD
USD/CHF slides to a one-month low on Monday amid the prevalent USD selling bias. Diminishing odds for more aggressive Fed rate hikes continue to weigh on the buck. A softer risk tone benefits the...
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South Korea’s factory activity shrank in July for the first time in nearly two years
Another less than encouraging sign for the global economy. South Korea’s manufacturing PMI dropped into contraction at 49.8 in July prior was 51.3 first time below 50 since September 2020 South Korean manufacturers reported...
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