USDCHF Reversal Chart Pattern

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This pair seems to have broken past the neckline of its double bottom pattern, signaling that a reversal from the downtrend is underway for the long time horizon.

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ملاحظة

U.S. Federal Reserve Gov. Michelle Bowman reiterated the Fed's outlook of continued moderate growth for the U.S., with unemployment remaining low and inflation expected to rise gradually to the Fed's 2% target.

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ملاحظة

Text from chair Powell's testimony on Capitol Hill

- Risks to the outlook remain, closely monitoring coronavirus
- Fundamentals supporting household spending still strong
- The virus could cause disruption in China with spillovers
- Repeats Fed to slow bill buying, the transition from repos
- Sees inflation moving closer to 2% over the next few months
- The current stance of monetary policy will likely remain appropriate as long as incoming information about the economy remains consistent with the Fed's outlook
- Fundamentals supporting household spending remains solid
- Business investment and exports have been weak largely reflecting sluggish growth abroad and trade developments
- Fed is closely monitoring the coronavirus which could lead to disruptions in China that spill over to the global economy
- US faces long-run challenges, site labor force participation lower than in other advanced economies and labor market disparities across racial ethnic and geographic groups
- Finding ways to boost labor force to space in a productivity should remain a national priority



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