Forex Trading Gold (XAUUSD) at Record Levels. SNB Interest Rate Falls: More to Come!
Forex Trading Gold (XAUUSD) at Record Levels. SNB Interest Rate Falls: More to Come!
In today’s GCI Market Outlook let’s take a look at Forex Trading on Silver (XAGUSD), Gold (XAUUSD), NZDJPY, USDJPY, and USDCHF.
The Swiss National Bank just lowered their Interest Rate so why is CHF going temporarily stronger?
This is a recording of the major CHF pairs at the time of the announcement.
The reason that CHF went stronger is that there were rumors about a 0.5% decrease but we got the predicted 0.25%.
If we look at the hourly chart we can see the whipsaw of 58 pips in this short term uptrend.
We are still waiting for some JPY strength but all pairs are continuing weaker.
As we saw last time on USDJPY, the stochastic oscillator is overbought and we are seeing what may be a rising wedge.
However, we are seeing an oversold stochastic oscillator on NZDJPY and we are at a key level with more resistance above.
Gold is at record highs now at $2670 due to increased tensions in the Middle East.
Watch the news out of the United Nations now, and any indication of a cease fire, to indicate a reversal.
Silver is not quite at all-time highs but it has followed Gold as it sometimes does.
Again, good news on the geopolitical front may see price action fall.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
Latest Analysis
- Forex Trading Interest Rates this Week. US Indices Higher on US China Trade Deal! October 26, 2025 10:03 PM
- Brent & WTI Crude Higher on Russia Sanctions. Forex Trading Gold XAUUSD October 24, 2025 07:11 AM
- Forex Trading NASDAQ at All-Time Highs. Silver XAGUSD Mixed Signals. October 21, 2025 05:17 AM
- Forex Trading Precious Metals: Silver, Gold at Record Highs. US Indices like S&P500 Tanking Again! October 17, 2025 05:30 AM
- Forex Trading the TACO Rollercoaster! Volatility on S&P500 & NASDAQ. Gold XAUUSD, Silver XAGUSD Rocketing! October 14, 2025 04:33 AM
- Gold XAUUSD Pushes Past $4,000! Forex Trading Silver XAGUSD at $51! WTI Crude Oil Retreats. October 10, 2025 05:44 AM
- Watching for Reversal on WTI & Brent Crude? Forex Trading USDJPY Gap. October 06, 2025 05:45 AM
- US Government Shutdown: NFPs Today? Gold XAUUSD to Climb Further? Forex Trading WTI at Support. October 03, 2025 01:04 AM
- Forex Trading Short AUDUSD? Silver XAGUSD in Ascending Triangle. Gold Flying! September 30, 2025 05:30 AM
- USDCHF at Upper Trend Line. Forex Trading Gold XAUUSD in Symmetrical Pennant. September 30, 2025 05:24 AM
Open an account in minutes
Trade on our award-winning platforms with ultra-fast and ultra-secure execution.
OPEN AN ACCOUNT