USDCHF finds strong obstacle at 200-day SMA MACD endorses negative momentum; RSI near oversold region USDCHF plunged to a new more than two-month low of 0.8879 today but has found support at the 200-day simple moving average (SMA) in the 0.8895 area. The pair is currently in a bearish retracement with the 20- and the 50-day SMAs […]
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ECB Governing Council member Olli Rehn suggested today that slowing inflation and weaker growth prospects in Eurozone has provided “more grounds” for another rate cut at the October meeting. Additionally, Rehn pointed to the “prevailing Read more…
Eurozone CPI fell from 2.2% yoy to 1.8% yoy in September, below ECB’s 2% target for the first time since 2021. CPI core (ex-energy, food, alcohol & tobacco), ticked down from 2.8% yoy to 2.7% Read more…
UK manufacturing sector expanded at a slower pace in September, with the PMI finalizing at 51.5, down from 52.5 in August. According to Rob Dobson, Director at S&P Global Market Intelligence, the sector continues to Read more…