The Swiss National Bank (SNB) reaffirmed its commitment to intervene in financial markets to limit the franc's rise on Monday. This is due to an influx of buyers resulting from the Ukraine war. The franc has since been rallying upward, breaking parity with the euro in the process.Over the night in …
Money management
USDCHF Market Still Lingers in the Consolidation Phase
Price Analysis: USDCHF Market Still Lingers at Consolidation Levels of 0.93560 and 0.90840 USDCHF market is still lingering at consolidation levels of 0.93560 and 0.90840. The price tendency in the market is said to have been rolling in a sideways phase. The bulls failed to go long while the bears …
The EURUSD Is Set to Dip as Fears of a Russia-Ukraine War Mount
The euro plummeted last week, and it remains in a difficult position as the threat of war between Russia and Ukraine mounts. In addition, the increase in the US Consumer Price Index due to inflation also puts downward pressure on EUR/USD. There is also speculation that the US central bank could set …