The US Dollar’s mild recovery attempt seen early on Monday has found support right below the 0.8760 resistance area, which leaves the pair treading water near four-month lows.
The pair regained some ground during the Asian trading session. The market has assumed that the end of Fed’s tightening cycle, yet caution is prevailing as a string of key US employment figures will determine the chances that the bank starts cutting rates in early 2024.
On Friday, Fed Chair Powell's cautious tone regarding further tightening and a weaker-than-expected US ISM manufacturing PMI strengthened the idea that the effect of high rates is starting to affect the overall economy. This boosted hopes of rate cuts in March, and sent the US Dollar lower across the board.
In Switzerland, November’s CPI has shown that inflation is cooling beyond expectations. Consumer prices grew 1.4% year-on-year, their weakest increase in two years, with the monthly inflation dropping to negative levels. This practically discards another SNB hike at their meeting in December 14, which has eased bullish pressure on the Swissie.
The technical picture shows indecision at current levels, with upside attempts capped at 0.8760 ahead of 0.8815. Support levels are 0.8660 and 0.8560.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.