During the past week the US dollar lost its strength against all main currencies.
During the past seven days alone EUR/USD rallied with a little over 300 pips, from 1.19154 to 1.22179.
USD/JPY fell from от 113.386 to 110.911.
GBP/USD ralllied
from 1.34576 to 1.37441.
I think USD/CHF will probably continue depreciating, unless yet another interference by the Swiss Bank prevents that.
The weakening of the US dollar made investors look for a refuge in Gold and it rallied from 1308.10 to 1339.31.
The USD also continued depreciating compared to the RUB.
I think this depreciation across the various USD currency pairs will continue next week as that is the perspective of the technical picture drawn by the charts.
Thank you for the market review.
ReplyDeleteGood info, thanks!
ReplyDeleteGood insight.
ReplyDeleteGreat market review.
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ReplyDeleteExcellent analysis!
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