Daily Pivots: (S1) 0.8823; (P) 0.8844; (R1) 0.8871; More… Intraday bias in USD/CHF remains neutral and consolidations would continue above 0.8757. Upside of recovery should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained break […]
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Markets US data screamed stagflation but markets didn’t bother this time around. A steep drop in consumer confidence (University of Michigan) coincided with a sharp rise in the year-ahead inflation expectations series and an even Read more…
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In focus this week The main spotlight of the week will be on news regarding the negotiations of the German fiscal package. The package is scheduled to be passed in the Bundestag on Tuesday and Read more…