Tickmill’s Investing Diva, CHFJPY Daily Outlook 16-04-20

<p>CHFJPY Daily Outlook – On Wednesday we found out that the US Big banks’ trading desks posted their strongest results in years during the first three months of 2020, even with the coronavirus stressing everyone out. However, the U.S. retail sales collapsed as coronavirus keeps consumers at home.</p>
<p>The French retail sales also plunged 24% in March. The Bank of Canada lowered its benchmark overnight interest rate to 0.25% to address the economic consequences of the new coronavirus pandemic.</p>
<p>Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends.</p>
<p>On Thursday we’ll be looking at Bank of England Bank Liabilities/Credit Conditions Surveys, the US initial jobless claims, and China’s GDP.</p>
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<p>Today I’m looking at the CHF/JPY pair… two safe havens that have been basically range trading ever since Coronavirus became a thing beginning of 2020.</p>
<p>The pair has been ranging between 111 and 113. The Ichimoku cloud has turned in consolidation mode as a result.</p>
<p>Currently, the pair is approaching the lower band of the range at 111, so there is a chance we could see another bullish move up to 113 starting in the next couple of weeks.</p>
<p>Do you think the pair will continue to range in the next couple of months? Head over to the Comments section and let me know.</p>
<p><strong>Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.</strong></p>
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<p>The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-chfjpy-daily-outlook-16-04-20/">Tickmill’s Investing Diva, CHFJPY Daily Outlook 16-04-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>