USD/CHF slides as Fed easing expectations pressure US Dollar, SNB holds steady
USD/CHF extends its decline for a second consecutive session, down 0.60% on Tuesday at the time of writing, returning to an October 17 low near 0.7873.
USD/CHF extends its decline for a second consecutive session, down 0.60% on Tuesday at the time of writing, returning to an October 17 low near 0.7873.
Silver (XAG/USD) prolongs its recent well-established upward trajectory and climbs to a fresh all-time peak, around the $70.00 psychological mark on Tuesday.
The NZD/USD pair attracts some follow-through buyers for the second consecutive day and climbs back closer to the monthly peak during the first half of the European session.
The GBP/USD pair builds on the previous day's strong move higher and gains positive traction for the second consecutive day on Tuesday.
Here is what you need to know on Tuesday, December 23:
USD/CHF extends its losses for the second consecutive day, trading around 0.7900 during the Asian hours on Tuesday.
EUR/USD extends its gains for the second successive session, trading around 1.1780 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a persistent bullish bias, as the pair moves upward within the ascending channel pattern.
USD/CAD extends its losses for the second successive session, trading around 1.3740 during the Asian hours on Tuesday.
GBP/USD found room on the high side on Monday, kicking off a holiday-shortened trading week with a fresh spat of Greenback weakness, bolstering the Pound Sterling (GBP) into its highest bids in ten weeks.
Gold (XAU/USD) is surging, up 66% YTD, on heightened geopolitical risk (Russia-Ukraine, US-Venezuela, Israel-Iran) and soft US data hinting at aggressive rate cuts. The price breached $4450/oz, eyeing $4500. The technical picture is decent but overbought.