The USDCHF found sellers against its 200 hour moving average (green line currently at 0.97282). Sellers leaned against the level with stops likely on a break above. The price has rotated back down and looks toward the 100 hour moving average at 0.9701. It would take a break below to solicit more selling momentum.
Most Popular
Sponsored
investingLive Asia-Pacific FX news wrap: Australian unemployment rate jump, AUD lower
LLY's GLP-1 sales soar 125%, but P/E is 35x. NVO down 45%, P/E 10x, offers turnaround potential.
SaaS stocks shed 9.2% vs S&P 500's 11.6% gain. DDOG (16.7x P/S) shines; ADSK (6.2x P/S) & WIX (1.3x P/S) face headwinds.
Global oil stockpiles are falling at a record 8.7 million barrels per day in May as Hormuz flows sit at just 5% of normal levels, Goldman Sachs said, with Brent crude trading near $106, up over 70% this year
Samsung shares jump 6% as strike is suspended. Wage deal reached, but AI bonus spat looms.
CTAS, COP, CHRD show strong returns (104%, 124%, 90.6%) with solid growth. Valuations vary: CTAS at 31.8x P/E, COP at 12.7x, CHRD at 7.7x.
Intervention by the Reserve Bank of India sends the rupee sharply higher. The Indian rupee has been under sustained selling pressure in recent months
Sponsored
Must Read
