Tickmill’s Investing Diva, USDCHF Daily Outlook 15-07-20

Feb 7, 2024 - 10:51

USDCHF Daily Outlook 15-07-20 – On Tuesday we found out that the U.S. consumer price index rose slightly more than expected in June. the U.K. GDP expanded by 1.8% in May on the month, below expectations of 5.5%, Industrial production up by 12.4% in euro area and 11.4% in EU, and the Swiss National Bank said expansive policy is ‘more necessary than ever’. Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends. On Wednesday we’ll be watching the UK inflation rate, bank of Canada’s interest rate decision, New Zealand’s inflation rate, and Australia’s jobs report. <iframe src="https://www.youtube.com/embed/uYu8RNx48Eo" width="100%" height="481" frameborder="0" allowfullscreen="allowfullscreen" data-mce-fragment="1"></iframe> Today I’m looking back at USD/CHF pair which continues down the downtrend we identified back in May and is reaching the lower band of the long-term range the pair normally moves within at 0.9256. We’ll continue to eye this support level once it’s reached to determine the next direction for the pair. Do you think the USD/CHF pair can reach this level without being interrupted by USD bulls?Head over to the comments section and let me know. Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company. High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 76% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-usdchf-daily-outlook-15-07-20/">Tickmill’s Investing Diva, USDCHF Daily Outlook 15-07-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.

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