0716123, 10:51 AM USDICHF loses momentum above the 0.9000 area, eyes on Israel-Palestine tensions TRENDING: EURUSD | GBPUSD | XAUUSD | AUDUSD | USDCAD USD/CHF loses momentum above the 0.9000 area, eyes on Israel- Palestine tensions NEWS | 10/16/2023 02:04:41 GMT | By Lallalit Srijandorn UdU/UNr struggies to gain arouna v.¥u 18 on monday. US Michigan Consumer Sentiment Index fell to 63.0 versus 68.1 prior, below the market estimations of 67.4. The escalating geopolitical tensions between Israel and Palestine might boost the traditional safe-haven Swiss Franc. Market players will monitor the US Retail Sales, and Swiss Trade Ss ©2023 FxStreet Al Rights Reserved Disclaimer = tos. street. comMnewslusd-chtoses-momentun-above-the-08000-area-eyes-onsrae-palestine-tensions-202310160204 1810/1679, 10:51 AM LUSOICHF loses momentum above the 0.9000 area, eyes on Israel-Palestine tensions amid the rising geopolitical tensions in the Middle East. The pair currently trades near 0.9018, unchanged for the day. On Friday, the University of Michigan (UoM) one-year Inflation expectations climbed from 3.2% to 3.8%, and five-year inflation estimates jumped from 2.8% to 3%. Additionally, the preliminary US Michigan Consumer Sentiment Index data on Friday fell to 63.0 versus 68.1 prior, below the market estimations of 67.4. With the higher inflation expectation and the upbeat inflation data, investors anticipate a possible rate rise by the Federal Reserve (Fed) by the end of the year. The US Consumer Price Index (CPI) annually and monthly for September came in at 3.7% and 0.4%, respectively. However, the dovish comments from Fed officials might warrant bull traders on the aggressive bullish bets. The economic data from the Swiss Federal Statistical Office on Friday reported that the nation’s Producer and Import Prices dropped 1.0% YoY in September from a 0.8% drop in the previous month. On a monthly basis, the figures declined 0.1% versus a 0.8% drop prior. On Sunday, Israeli Prime Minister Benjamin Netanyahu vowed to “demolish Hamas’ as his military got ready ground operations in Gaza to root out the militant group. Israel has been signaling that it is making preparations for ground operations in Gaza despite the escalating humanitarian crisis within the coastal Palestinian enclave. Biden has called for civilian protection, and the US has been working to alleviate food, water, and petroleum shortages. That said, the rising geopolitical tensions between Israel and Palestine might boost the traditional safe-haven Swiss Franc and act as a headwind for the USD/CHF pair. Market players will keep an eye on the geopolitical tensions in the Middle East. The US Retail Sales for September will be released on Tuesday, with the figure expected to rise 0.2%. On Thursday, the Swiss Trade Balance for September 7 se . . ° Oe . USD/MXN hovers above 18.0100 ahead of US Retail Sales trading opp« $ nc ©2023 FxStreet Al Rights Reserved ntps:twwwfxstreet.cominewstusd-chFloses-momentum-above-tne-08000-area-eyes-onisrael-palestne-tensions-202310160204 21610716123, 10551 AM USD/CHF Today last price Today Daily Change Today Daily Change % Today daily open Daily SMA20 Daily SMSO Dally sMa700 Dally SMA200 Previous Daily High Previous Daily Low Previous Weekly High Previous Weekly Low Previous Monthly High Previous Monthly Low Daily Fibonacci 38.2% Dally Fibonacci 61.8% Daily Pivot Point ST Daily Pivot Point $2 Daily Pivot Point $3 Daily Pivot Point RI Daily Pivot Por S ©2023 FxStreet Al Rights Reserved est pp 3 Retails USDICHF loses momentum above the 0.9000 area, eyes on Israel-Palestine tensions OVERVIEW osors 0.0000 0.00 ogais TRENDS 0.9093 0.894 0.8908 0.9022 LEVELS 0.9086 0.9002 osi24 0.8987 0.9225 0.8795 0.9034 0.9054 0.8985 0.8952 0.8901 0.9069 ntps:twwwfxstreet.cominewstusd-chFloses-momentum-above-tne-08000-area-eyes-onisrael-palestne-tensions-202310160204 ‘ales USD/MXN hovers above 18.0100 ahead of US Retail Sales 3610716123, 10551 AM USDICHF loses momentum above the 0.9000 area, eyes on Israel-Palestine tensions Share: ‘S\Feed news Information on these pages contains forward-looking statements that involve risks and uncertainties. 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Gold News » Reve Coin run will not happen until PEPE breaks and holds above approximately 0....8045 Pepe coin price: § lifetime. The frog-nemed toxen nas taken .o ine Wena seen amiong us peers in we meme coin (©2023 FxStree” Al Rigs Reserved ntps:twwwfxstreet.cominewstusd-chFloses-momentum-above-tne-08000-area-eyes-onisrael-palestne-tensions-202310160204 560716123, 10:51 AM USDICHF loses momentum above the 0.9000 area, eyes on Israel-Palestine tensions Read more > Week ahead: Geopolitical risks step up as commodities surge Risky assets ended last week in the red, after news that Israel was preparing for a land invasion into Gaza sent commodity prices soaring, Not only is the oil price surging, which may continue if we continue to see wider tensions in the Middle ast spill over, but European gas prices jumped 50% last week. Read more > FOREX MAJORS CRYPTOCURRENCIES ‘SIGNATURES S Nags! s Retails Sales USD/MXN hovers above 18.0100 ahead of US Retail Sales ©2023 FxStreet Al Rights Reserved ntps:twwwfxstreet.cominewstusd-chFloses-momentum-above-tne-08000-area-eyes-onisrael-palestne-tensions-202310160204 86