Swiss GDP grew 0.3% qoq in Q2, below expectation of 0.4% qoq. Looking at some details, manufacturing contracted -0.5%. Construction contracted -1.7%. Trade dropped -2.1%. However, accommodation and food grew strongly by 12.4%. By expenditure Read more…
Gold price started a major decline from well above the $1,750 level against the US Dollar. The price traded below the $1,720 support to move into a bearish zone. It traded as low as $1,688 Read more…
Credit: Robert Triggs / Android Authority European Commission regulators have proposed minimum update requirements for smartphones. The lawmakers have also suggested that smartphones and tablets sold in the EU region should have repair parts available Read more…
Cable hits new 29-month low on Monday, in extension of bearish acceleration in past three weeks, a part of larger downtrend. The pound remains under strong pressure on risk aversion, driven by growing economic and Read more…
EURUSD opened with a gap lower on Monday to chart a new 20-year low at 0.9877. The constraining descending line, which connects all the lows from August 2018, continued to buffer downside pressures ahead of Thursday’s Read more…
Gold has been trending lower since early March, generating a profound structure of lower highs and lower lows within a descending channel. Although the precious metal’s latest downleg came to a halt at the six-week Read more…
Market picture Bitcoin declined 0.4% over the past week, ending at around $19,900 without experiencing any significant movement during that time. For now, we can only say that the crypto market is wagering on the Read more…
EUR/USD Today’s trading session of the single European currency started with a strong bearish pressure. At the time of writing of the analysis, the bears are trying to breach the support at 0.9917. The next Read more…
Equities remain under pressure as investors brace for more aggressive tightening by central banks. A bearish MA cross on the daily chart suggests that sentiment has shifted to the cautious side and the selling pressure Read more…
Markets US payrolls added a robust 315k but a downward two-month revision, slowing income growth and an unusually large uptick in the participation rate drew the attention. It smoothed off some of the sharpest edges Read more…