CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The USD/CHF rate tracks the price of the US dollar, the base currency, against the Swiss franc, the counter currency. Monetary policy announcements of both the US Federal Reserve and the Swiss National Bank will have an influence on this currency pair as well as the respective country's interest rates.
Michael Burry just sold over $70 million in stock, liquidating his entire portfolio except for one stock, doubling down on a company that other investors are fleeing in droves.
The US dollar just collapsed against the Taiwanese new dollar, with the pairing falling 8% in just a few days, crashing below this key support line and reaching its lowest level in over a year.
Denial of Fed Chair Powell’s removal has meant a pullback off the highs, but what will it take to get gold prices to break out of its short-term bull channel?
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