Switzerland’s CPI reading for May was 2.9% YoY vs 2.6% YoY expected and 2.5% YoY in April. This was the highest reading since September 2008. The main reason for the larger than expected increase was rising prices in both housing and energy. At the last SNB meeting, held on March 24th, the central bank held […]
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Daily Pivots: (S1) 140.18; (P) 141.16; (R1) 141.85; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 158.86 is in progress for 139.57 support. Strong support could seen from Read more…
The broad selloff in US assets resumed overnight as market confidence took another blow from escalating political pressure on Fed. Major US stock indexes ended the session deep in the red, while 10-year Treasury yields Read more…
Dollar Index broke through an important support overnight as recent decline accelerated, and hit the lowest level in three years. The selloff reflects a deepening flight out of US assets, as confidence continues to erode. Read more…