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US Dollar recovers near 0.7700 ahead of Federal Reserve’s monetary policy announcement

The USD/CHF pair is recovering from lows as traders reassess positions ahead of the Fed meeting. Weak US data and Switzerland’s economic downturn signal volatility, enticing options strategies for investors. – vtmarketsmy.com

USD/CAD trades around 1.3570, close to 15-month lows after nearly a 1% drop

The USD/CAD is poised for a possible downturn to 1.3539, following oversold conditions, while traders eye resistance levels at 1.3716 and 1.3818 for bullish signals amidst market volatility. – vtmarketsmy.com

Expectations in Switzerland’s ZEW survey dropped from 6.2 to -4.7 in January

Swiss economic expectations plummet, raising concerns. Meanwhile, the USD strengthens, the EUR/USD dips below 1.2000, gold approaches $5,300, and Big Tech earnings spark market volatility. – vtmarketsmy.com

In January, Italy’s business confidence exceeded expectations, reaching 89.2 instead of the anticipated 89.

Italy’s business confidence rises, while global gold prices soar amid economic uncertainty. Traders eye volatile tech earnings and the US Fed’s decision on rates, impacting currency markets. – vtmarketsmy.com

Consumer confidence in Italy reaches 96.8, below the expected level of 97

Italy’s consumer confidence dips, overshadowing predictions. Meanwhile, Canada’s rate hold and big tech earnings dominate market focus, while Bitcoin Cash hints at a bullish reversal, presenting trading opportunities. – vtmarketsmy.com

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