Market picture The crypto market has added 1.5% in the last 24 hours, bringing the capitalisation back to the 1.44 trillion level, which has been acting as resistance for the last three weeks. The upward Read more…
Swiss franc climbs to 4-month high Swiss GDP rises 0.3% US ISM Manufacturing PMI expected to rise slightly The Swiss franc is lower on Friday. In the European session, USD/CHF is trading at 0.8723, down Read more…
UK PMI Manufacturing was finalized at 47.2 in November, up notably from October’s 44.8. This marks the third consecutive month of rising PMI figures and the highest level since May. Despite these gains, it is Read more…
USDCHF bounces from 4-month lows Oversold signals create hopes for a rebound An advance above 0.9100 is required USDCHF extended its three-week bearish wave, dipping as low as 0.8683 on Thursday before closing the day Read more…
Eurozone’s PMI Manufacturing was finalized at 44.2 in November, up from October’s 43.1, reaching a six-month high. The report highlights reduction in the rate of decline for new orders, stocks, and purchasing activity, yet underscores Read more…
USDCAD posts a fresh 2-month low in today’s session Decline shows no signs of easing, bears eye the 200-day SMA Momentum indicators endorse the resumption of the retreat USDCAD has been constantly losing ground following its 13-month Read more…
EURUSD was a tad higher on Friday morning following nearly 0.8% drop on Thursday, when the Euro was deflated by soft EU inflation numbers which may add to ECB’s dovish stance in the near future. Read more…
Swiss GDP grew 0.3% qoq in Q3, above expectation of 0.1% qoq. SECO said: “The international environment remains challenging, with value added in industry stagnating accordingly. However, the service sector was once again able to Read more…
Markets Poor French growth and inflation data published at the start of European dealings caused European interest rate markets to try a new leg on recent bull run. Yields across the European/German curve touched new Read more…
$DAX cycle from 9.29.2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.29.2022 low, wave (1) ended at 16528.97 and dips in wave (2) ended at 14630.21. The Index Read more…