The State Secretariat for Economic Affairs said that Swiss economic forecasts remain largely unchanged, with growth expected to stay below average this year. The Expert Group on Business Cycles projects a modest growth rate of 1.2% for the Swiss economy in 2024, slightly up from March forecast of 1.1%. Challenges such as low capacity utilisation […]
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Daily Pivots: (S1) 1.3467; (P) 1.3504; (R1) 1.3526; More… USD/CAD’s recovery lost momentum after breaching 55 4H EMA (now at 1.3514). But intraday bias stays neutral first, as more consolidations could be seen above 1.3418. Read more…
Global markets are showing mixed performance as sentiment diverges across regions. In the US, stocks closed lower with traders displaying increased caution. ISM manufacturing report indicated continuation of the prolonged recession in the sector, though Read more…
Key Highlights AUD/USD faced resistance near 0.6940 and started a downside correction. A key bullish trend line is forming with support at 0.6880 on the 4-hour chart. Gold could rise again and trade toward the Read more…