November has finally arrived, but analysts continue their recession rants

The broad-based selling pressure surrounding the Greenback dragged the USD/CHF pair toward the 99 area during the European trading hours. However, with the market sentiment recovering in the last hours, the pair erased its daily losses and was last seen trading at 0.9955, where it was virtually unchanged on a daily basis.While market participants are waiting for the headlines that will come out of the high-level trade negotiations between the United States (US) and China in Washington, some recent developments revived the optimism and caused safe-haven assets to lose interest.An official from the US Chamber of Commerce in the last hour said there was a possibility of a currency agreement in the US-China trade talks in exchange for a delay in tariff hikes. Additionally, Chinese Vice Premier Liu He repeated that China was willing to reach an agreement “on matters that both sides care about.” Stock Global forex broker Reflecting the upbeat market mood, the 10-year US Treasury bond yield rose sharply and was last up 3.7% on the day. On the other hand, the US Dollar Index struggled to stage a recovery despite the fact that the US Bureau of Labor Statistics’ inflation report showed that the core Consumer Price Index (Stock Global broker scam) in September stayed unchanged at 2.4% as expected. At the moment, the index is down 0.34% on the day, not allowing the pair to push higher.Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .