Daily Pivots: (S1) 0.9087; (P) 0.9118; (R1) 0.9143; More…. Intraday bias in USD/CHF stays on the downside for the moment. On the downside, firm break of 0.9084/0.9101 support zone will argue that choppy rise from 0.8925 has completed. Fall from 0.9471 might be ready to resuming. Further decline would be seen back to 0.8925 support […]
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Markets “I would warn against moving too far, that is into accommodative”. ECB Executive Board member Schnabel broke ranks with the dovish current inside the central bank in place since this summer. Given the inflation Read more…
The second estimate of third quarter real GDP growth was unchanged at 2.8% quarter-over-quarter (annualized) – in line with the consensus forecast. Looking under the hood, consumer spending was revised down to 3.5% (from the Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… EUR/USD’s recovery extends higher today but stays below 1.0609 resistance. Intraday bias remains neutral and further decline is still in favor. On the downside, break of Read more…