USDCHF Technical Analysis – SNB’s Jordan isn’t happy with CHF strength ...Middle East

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Fundamental OverviewAfter the strong push lower from last Friday when Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium, the USDCHF pair hasn’t moved much as the lack of catalysts this week kept the price action at bay.The market is waiting for the key economic releases next week, and especially the NFP report, as that will likely decide whether the Fed is going to deliver a standard 25 bps cut or go for a more aggressive 50 bps cut in September. Right now, it looks like the Fed is going to cut rates into a resilient economy, so one has to be mindful that we might eventually get an increase in economic activity that could lift long term yields. That

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USDCHF Technical Analysis – SNB’s Jordan isn’t happy with CHF strength ...Middle East

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