USDCHF Analysis
USDCHF has broken the top price levels continuously in both higher and lower timeframes chart.
After the confirmation of uptrend movement. USDCHF buy signal given.
USDCHF reached the take profit target successfully.
US Dollar: NY Empire state index printed higher numbers
US Dollar index keeps higher after New York empire state index numbers came higher than expected.
The US and China Virtual meetings are in progress, and no results are not cheered for investors till now.
This week US Retail sales data and US Initial Jobless claims data are scheduled; higher numbers will appreciate US Dollars and reverse if lower numbers are printed.
US and China meeting outcome
The US and China President meeting outcome indicatest that US will stand with allies for interest and Values.
And the US opposes China’s rules’ behaviours in Xinjiang and Hongkong provinces and opposes unilateral efforts to change the Status quo on Taiwan.
And the US will stay committed to the One China policy.
Biden and Xi have discussed Global energy supplies measures.
Swiss Franc: SNB Member speech
Swiss National bank Governing council member Andrea Machler said Swiss inflation is modest at 1.2%.
Swiss national bank designed to limit the FX interventions, and if needed, we do so.
And Swiss franc strengthens mainly based on Switzerland export-oriented economy.
Inflation rising made curbing the Swiss francs to lower more as hinted by SNB council member
Don’t trade at your free time, instead trade the markets only when there are confirmed trade setups.
Get confirmed trade setups here: https://signal.forexgdp.com/buy/
