EUR/USD 1.16367
0.032%
Gold 4399.21
-0.053%
Oil 94.364
0.161%
USD/JPY 153.340
-0.135%
GBP/USD 1.35508
0.035%
GBP/JPY 207.791
-0.083%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 10th, according to The Information, OpenAI has informed some business partners that it will no longer accept advertising for image and audio generation products, as these products compete with OpenAIs own functionality. This change was not previously reported and was not included in its published advertising policy, catching existing advertisers like Adobe, which sells such products, off guard. If this new policy extends to other competing products, it could limit OpenAIs potential advertising revenue. OpenAI had previously given investors aggressive advertising growth expectations, viewing advertising as a key way to generate revenue from its large non-paying user base.On September 10th, Houthi spokesman Yahya warned that Saudi warplanes had launched dozens of airstrikes across Yemen in the past 12 hours, causing widespread damage to residential areas and civilian infrastructure, and that the group would respond sternly. Yahya stated that Saudi warplanes had carried out 54 airstrikes in several Yemeni provinces, and that no matter how the Riyadh regime tries to cover up its brutality, it cannot escape the severe backlash of its aggression; it will face a decisive response to its atrocities.On September 10th, Mehmet Oz, head of the Centers for Medicare & Medicaid Services (CMS), stated that the Trump administration is seeking more drug pricing agreements with pharmaceutical companies. To date, officials have announced more than twenty "voluntary" agreements with pharmaceutical companies, and Oz indicated that "more agreements are in the works." These agreements vary, but companies typically agree to lower the prices they charge public healthcare programs and launch new drugs at prices comparable to those in other developed countries in exchange for tariff reductions.A Reuters poll found that 74% of economists believe Japan’s total budget request for fiscal year 2027 has exacerbated market concerns about fiscal discipline.A Reuters poll showed that 62% of economists expect the Bank of Japan to raise interest rates to at least 1.75% in the second quarter of 2027 (previously the survey expected a final rate of 1.50%).

Analysis of the USD/CHF Price: Steady around the 0.9870 Area as Bull's Eye Parity

Alina Haynes

May 07, 2022 10:18

Prior to Wall Street's closing bell, the Swiss franc remains on the defensive throughout the day, unable to recoup from severe weekly losses of 1.45% as of now. At the time of writing, the USD/CHF exchange rate is trading at 0.9877 amid a risk-averse market sentiment.

 

On Friday, US equities anticipate ending the week on a negative note. In the interim, US Treasury rates continue to rise, driven by the 10-year benchmark note, which is currently yielding roughly 3.12 percent, one basis point below yearly highs.

 

The US Dollar Index, a measure of the greenback's value relative to a basket of six other currencies, is currently up 0.04 percent, at 103.589.

 

During Friday's trading session, the USD/CHF opened near 0.9850 in the Asian-Pacific session and moved within a 30-pip range between 0.9850 and 0.9880 due to a lack of trigger as FX traders prepare for the weekend.

USD/CHF Price Prediction: Technical perspective

The USD/CHF is prepared to extend its gains into the following week, while retreating from yearly highs at 0.9890. At 80.33, the Relative Strength Index (RSI) indicates that the pair is well into overbought territory but is still pushing higher, indicating that a further advance may be imminent.

 

In the meanwhile, the 1-hour chart reveals that once the USD/CHF reached 0.9890, the yearly high for 2022 consolidated in the region of 0.9825-90. Notably, the 50, 100, and 200-day simple moving averages (SMAs) remain below the market price, indicating that USD bulls maintain control.

 

If the USD/CHF crosses the range's upper boundary, the 0.9900 level would serve as initial resistance. Once the R1 daily pivot is cleared, the next supply zone would be around 0.9920, followed by the R2 pivot point at parity.

 

In contrast, the initial support for the USD/CHF would be the intersection of the 50-day simple moving average and the daily pivot around 0.9818-20. A breach of the latter would expose the 100-SMA at 0.9802, followed by the intersection of the S1 daily pivot and the 200-SMA in the 0.9740-47 region.

 

image.png 


Suggestion