Forex & Financial news and FxPro analytics

The Swiss National Bank has cut its key rate to 0.5% and is cautious in its actions due to subdued inflation. The franc's strength is evident in crosses, and FX intervention may be the next option. Active traders should monitor EURCHF for possible rate hikes.

– GBPUSD reversed from resistance level 1.2780 – Likely to fall to support level 1.2635 GBPUSD currency pair recently reversed down sharply from the resistance level 1.2780 (which reversed the price for the last 5 consecutive trading sessions) standing close.

– GBPAUD reversed from resistance zone – Likely to fall to support level 1.9800 GBPAUD currency pair recently reversed down sharply from the resistance area between the upper daily Bollinger Band, key resistance level 2.0045 (former multi-month high from April).

The crypto market cap increased by 5% to $3.64 trillion. Bitcoin and Ethereum are approaching key resistance levels, with potential for new highs. Ray Dalio expressed support for investing in Bitcoin, while Ethereum's chances of reaching $5,000 have fallen.

USDJPY is rising due to changing rate expectations, as investors doubt rate hikes in Japan and expect fewer rate cuts from the Fed. Accelerating inflation in Japan is not supporting the yen.

– EURUSD reversed from resistance zone – Likely to fall to support level 1.0450 EURUSD currency pair recently reversed down with the long-legged Doji from the resistance area between the upper daily Bollinger Band, pivotal resistance level 1.0610 (former multi-month.

– GBPCAD reversed from strong resistance zone – Likely to fall to support level 1.8000 GBPCAD currency pair recently reversed down from the strong resistance zone located at the intersection of the upper daily Bollinger Band and the key resistance.

Bitcoin between $95K and $100K is seeing ownership changes, with long-term holders selling and corporations buying. Bitcoin may reach $120-140K before a major shakeout.

– Gold broke daily Triangle – Likely to rise to resistance level 2750.00 Gold recently broke the resistance trendline of the daily Triangle, inside which it has been moving from the middle of October, as can be seen from the.

– EURGBP under bearish pressure – Likely to fall to support level 0.8200 EURGBP currency pair under bearish pressure after breaking the support zone between the key support level 0.8265 (which stopped previous waves iii, (i) and i) and the.

Since the last US election, small businesses have become more optimistic, with the Small Business Optimism Index rising by eight points. This optimism is due to the expected improvement in the economy and promises of protectionist policies and tax relief.

RBA kept its key interest rate unchanged at 4.35% but AUD continued to decline. The RBA is considering easing monetary policy due to weak economic growth and inflation still being above target. AUDUSD is near the lower end of its trading range.