EUR/USD 1.15105
-0.151%
Gold 4063.33
-0.981%
Oil 80.817
-2.215%
USD/JPY 160.357
0.532%
GBP/USD 1.34443
-0.155%
GBP/JPY 215.595
0.387%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Interest Rate Decision: 1. Interest Rate Decision: The Bank of Japan will maintain the policy rate at 1%, in line with expectations. 2. Voting Ratio: 8-1, with member Hajime Takada dissenting in favor of a 25 basis point rate hike. 3. Forward Guidance: The Bank of Japan will continue to raise interest rates based on economic and price developments and financial conditions. The impact of the Middle East situation on the timing and pace of rate hikes will be assessed. 4. Economic Outlook: GDP growth forecasts for fiscal years 2026 and 2027 have been revised upwards, with overall risks to the economic outlook balanced. 5. Inflation Outlook: Core CPI forecasts for fiscal year 2026 have been revised downwards, while those for fiscal year 2027 have been revised upwards. Underlying inflation is approaching 2%, and core inflation may exceed the 2% target. 6. AI Impact: The impact of global AI demand and future foreign exchange developments on the economy and prices must be closely monitored. Kazuo Uedas Press Conference: 1. Interest Rate Outlook: The Bank of Japan expects to continue raising interest rates. Policy will not be delayed until inflation is fully stable at 2%. The Bank will ensure it does not fall behind the current situation. 2. CPI Outlook: There are upside risks to potential CPI, which may exceed the 2% price stability target. CPI growth is expected to decline to around 2% in the latter half of the forecast period. 3. GDP Forecast: Real GDP growth is expected to be roughly in line with the April outlook report. 4. Other: Attention is focused on how higher memory chip prices may push up overall prices. Artificial intelligence spending itself has driven up prices.Note: The press conference of Bank of Japan Governor Kazuo Ueda has ended.Germanys seasonally adjusted unemployment figures and unemployment rate for July will be released in ten minutes.Bank of Japan Governor Kazuo Ueda: Committee members have differing views on the inflation outlook, and we hope to reach some conclusion on this starting with the next monetary policy meeting.Goldman Sachs lowered its price target for Apple (AAPL.O) to $360 from $370, but maintained its buy rating.

The USD/CHF pair encounters resistance around 0.9840, which is close to the 61.8 percent Fibo retracement level

Alina Haynes

Jul 13, 2022 10:51

 截屏2022-07-13 上午9.49.25.png

 

The USD/CHF pair has demonstrated a less certain return following a corrective slide from Tuesday's high of 0.9858. Since the asset's low of 0.9495 on June 29, bulls have maintained control of it.

 

The asset was unable to continue trading above the 0.9839, or 61.8 percent, Fibonacci retracement (which is based on the high in June of 1.0050 and the low on June 29 of 0.9495). However, a little decline following Tuesday's 0.9859 high does not signify a bearish reversal.

 

The 20-period and 50-period Exponential Advancing Averages (EMAs) are moving quickly at 0.9744 and 0.9733, respectively, adding to the upward filters.

 

Additionally, the Relative Strength Index (14) has not yet left the bullish region of 60.00-80.00, suggesting that further higher movement is still possible. However, given the overbought situation, more declines cannot be ruled out.

 

The asset will hit the round-level barrier at 0.9900 and the beginning price on June 16 at 0.9950 with a clear breach of Tuesday's top at 0.9859.

 

The Swiss franc bulls, on the other hand, might become more powerful if the asset drops below the 0.9708 38.2 percent Fibo retracement line. If the same thing happens again, the asset will reach its peak on July 1 of 0.9642. If the asset drops below the 1 July high, it will be more vulnerable to losses below the 0.9562 low on 4 July.

Suggestion