Daily Pivots: (S1) 1.0760; (P) 1.0791 (R1) 1.0812; More… EUR/USD’s decline resumed after brief recovery and intraday bias is back on the downside. Firm break of 61.8% projection of 1.1494 to 1.0805 from 1.1184 at 1.0758 will pave the way to 100% projection at 1.0495. On the upside, break of 1.0922 resistance is needed to […]
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EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…
Switzerland’s economic outlook has been revised slightly lower as the fallout from the Middle East conflict continues to ripple through global markets. The Federal Government Expert Group on Business Cycles now expects GDP growth of Read more…
The market is fixated on the threat of accelerating inflation driven by high energy prices. As a result, central banks are expected to adopt a tighter monetary policy, keeping rates at high levels or even Read more…