Safe haven currency bets including the yen, the Swiss franc and to a lesser extent the Swedish crown rose on Tuesday as investors braced for a tensely-awaited speech to Congress by U.S. President Donald Trump.
The U.S. dollar hit a more than two-week high against a basket of major currencies today after U.S. inflation data boosted bets the Federal Reserve would raise interest rates in December, and touched a one-month high against sterling on worries over Britain's Brexit vote.
The U.S. dollar/Japanese yen (USD/JPY) currency pair went out of the red wave 4 triangle and down into wave 5 to lower levels. Currently, we are trading around potential resistance for the black wave 4 in the red wave 5 and we think one more push d
The pound was struggling on Wednesday morning to add to the gains made Tuesday when fresh polls showed support for remain was narrowly ahead of the exit camp, contradicting surveys released on Monday and at the weekend which had suggested the campaign for Brexit was ahead.
The U.S dollar/Swiss franc (USD/CHF) currency pair is in a deep pullback since December of 2015 when pair found a high at 1.0327, which we think it's a temporary top since we see current big decline as corrective wave IV.