Intra-day news and views – USD/CHF

AceTrader Team AceTrader

Intra-day market moving news and views

Update Time: 25 Feb2022 05:30GMT.

USD/CHF - 0.9235

Despite Thursday's impressive rally from 0.9173 (Asia) to a 2-week high of 0.9289 in New York, subsequent retreat to 0.9244 due to broad-based usd's decline on rebound in US stocks suggests range trading would be seen Asia before upmove from 0.9151 (Monday) heads to 0.9297.

Remain as cautious buyer for 0.9280 1st as only a firm break of 0.9228 risks 0.9211/16.

Author

AceTrader Team

AceTrader

Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

EUR/USD makes a U-turn, focus on 1.1900

EUR/USD’s recovery picks up further pace, prompting the pair to retarget the key 1.1900 barrier amid further loss of momentum in the US Dollar on Wednesday. Moving forward, investors are expected to remain focused on upcoming labour market figures and the always relevant US CPI prints on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.