USD/CHF is trading at 0.91853, 0.03% up since Monday. The Swiss Franc seems to be trading sideways against the stronger USD amid growing number of Delta variant Covid-19 cases across the globe. Last week, the Swiss nations’ PPI rate grew by 0.3% lower than expectation 0.4% which turned out to be slightly negative for the pair USD/CHF. Besides this, the Fed Chair hinted a gradual approach towards interest rate hike decision; considering rising inflation fear & global economic recovery. As seen in the chart, the pair USD/CHF is strongly trading in the sideways channel & is forming a consolidation phase which clearly indicates a make or break situation on short term basis.
Read More… Read LessIntra Day | |
Near Day |
R3 | 0.92986 |
R2 | 0.92438 |
R1 | 0.92119 |
Turnaround | 0.91891 |
S1 | 0.91572 |
S2 | 0.91344 |
S3 | 0.90796 |
Copper is trading at $9103.50, 0.39% down since previous close. The growing fear towards rising Covid-19 cases via Delta variant virus remained negative for metals since this may arouse the situation of lockdown phase again & may affect the consumption demand of the global commodities. Also, the soft Chinese GDP data plunge down the Copper prices since China is a major consumer of base metals. Last week, the FOMC Chairman Powell showed a continuation in providing the stimulus support to revive an economy which significantly pushed up the metals. As seen in the chart, the Copper is trading near major support level of previous lows & hence, further selling may be recommended on daily basis.
Read More… Read LessIntra Day | |
Near Day |
R3 | 9671.00000 |
R2 | 9411.00000 |
R1 | 9257.00000 |
Turnaround | 9151.00000 |
S1 | 8997.00000 |
S2 | 8891.00000 |
S3 | 8631.00000 |
CHNIND is trading at 9811, 0.39% down since Monday. The Chinese shares slid down in early trade on Tuesday after PBoC kept its reserve requirement constant against the expectation of lowering the same. Also, the worsening Covid-19 situation caused by Delta variant virus all over the world remained a suppressive factor for indices. Last week, the soft momentum emerged in indices due to poor U.S tech earnings & rising inflation concerns. Last week, the China issued weaker than expected GDP data which showed a slowdown in industrial activities & hence, CHNIND dragged down further. As seen in the chart, the index slid down till lower trend-line of channel pattern & henceforth, downside may be recommended further for the day.
Read More… Read LessIntra Day | |
Near Day |
R3 | 10311.00000 |
R2 | 10117.00000 |
R1 | 9999.00000 |
Turnaround | 9923.00000 |
S1 | 9805.00000 |
S2 | 9729.00000 |
S3 | 9535.00000 |
XFlow Markets provides an entirely transparent access to the FOREX Market through two powerful trading platforms (XFLOW & MT4) with excellent execution speed, a 24/5 client support system with no dealing desk involvement.
© 2023 XFlow Markets, All rights reserved.
Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.
You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.
XFlow Markets INC is incorporated in Saint Lucia with registration no. 2023/C088 governed by the Companies Act, Cap 13.01 of the revised laws of Saint Lucia.
XFlow Markets does not offer Contracts for Difference to residents of certain jurisdictions including the Belgium, Iran, Canada, North Korea, the USA, Cuba, Syria and FATF Black Listed Countries.
Telephone number: UK: +44 20 38355241 | Dubai: +971 54 339 3959 Working hours: 7:00 AM - 5:00 PM (GMT+0)
XFlow Markets does not offer any fixed returns & guaranteed profits. Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk. Please consider our Risk Disclosure.
XFlow Markets does not guarantee any returns or profits. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.