Swiss KOF Economic Barometer climbed from 99.7 to 101.8 in November, surpassing expectations of 100.1 and returning above the key 100 mark. . KOF remarked, “The Swiss economy develops steadily albeit without strong dynamics.” The Read more…
Switzerland’s real GDP grew by 0.4% qoq in Q3, slowing from 0.6% growth recorded in Q2 and in line with expectations. Adjusted for the impact of sporting events, growth was even more subdued, at 0.2% Read more…
Daily Pivots: (S1) 1.0531; (P) 1.0551; (R1) 1.0575; More… Intraday bias in EUR/USD remains neutral and further decline is still in favor with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the Read more…
Daily Pivots: (S1) 150.97; (P) 151.46; (R1) 152.05; More… USD/JPY’s fall from 156.74 resumed after brief consolidations and intraday bias is back on the downside. Sustained trading below 38.2% retracement of 139.57 to 156.74 at Read more…
Daily Pivots: (S1) 1.2656; (P) 1.2676; (R1) 1.2707; More… GBP/USD’s break of 1.2713 resistance indicates short term bottoming at 1.2486, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for Read more…
Daily Pivots: (S1) 0.8809; (P) 0.8828; (R1) 0.8851; More… Intraday bias in USD/CHF remains neutral for the moment. Further rally is still in favor as long as 0.8800 support holds. On the upside, break of Read more…
Markets US markets were closed for Thanksgiving yesterday, leaving European markets looking for their own dynamics. National inflation data from Germany (HICP -0.7% M/M and 2.4% Y/Y; unchanged October) and Spain (0% M/M and 2.4% Read more…
Daily Pivots: (S1) 0.6481; (P) 0.6495; (R1) 0.6513; More… AUD/USD is still bounded in sideway trading and intraday bias remains neutral. . Further decline is expected as long as 0.6549 resistance holds. On the downside, Read more…
Daily Pivots: (S1) 1.3995; (P) 1.4019; (R1) 1.4038; More… USD/CAD is staying in range of 1.3926/4177 and intraday bias remains neutral. Further rally is expected with 1.3930 support intact. On the upside, firm break of Read more…
Daily Pivots: (S1) 0.9307; (P) 0.9318; (R1) 0.9332; More…. Intraday bias in EUR/CHF Remains neutral for the moment. On the downside, below 0.9269 minor support will bring retest of 0.9204/9 support zone. Decisive break there Read more…