setups

The USDCHF pair, at a rate of 0.86754, experiences a significant decline to its lowest point in eight years. This drop is attributed to the unexpected decrease in US inflation, which creates uncertainty regarding the Federal Reserve's plans for future interest rate increases.

The US dollar to Mexican peso exchange rate, currently at 16.8506, has dropped below 17.0000 as a result of weaker US inflation data, causing a decrease in expectations for additional interest rate increases. Conversely, the Mexican peso has been strengthened by positive Industrial Production results in Mexico.

The Swiss franc is expected to experience a bullish trend as long as the Swiss National Bank (SNB) continues to sell off foreign assets, according to SocGen.

The US Dollar declined rapidly against other currencies after the US CPI data was announced.

According to TDS, the analysis of the silver price suggests that #XAGUSD, currently at 24.021, is expected to reach $26 by the end of 2023.

According to TDS, the forecast for gold price at 1,954.15 suggests that it will stabilize in a higher range following reduced inflation.

Silver is trading at a price above $23.80, surpassing the anticipated level of $23.866, due to lower-than-predicted inflation in the United States.

#EURJPY at 154.032 continues to decline and reaches the 153.30 area again on Wednesday.

Bears are taking advantage of the anticipated convergence in interest rates between the Bank of Japan (BoJ) and the Federal Reserve, as USDJPY drops to 138.830.

The EURUSD pair, currently at 1.10963, is moving towards higher levels, reaching values close to 1.1100, which are considered new highs.