SNB Won't Let EUR/CHF Fall
What happened? It looks like the decline in EUR/CHF to 1…
CHF/JPY broke powerful resistance level 113.00
2019-11-11 • Updated
- CHF/JPY broke powerful resistance level 113.00
- Next buy target - 114.00
CHF/JPY today broke through the powerful resistance level 113.00 (which has been reversing the price from March, as can be seen below). The breakout of the resistance level 113.00 – which should accelerate the active impulse wave 3 of the intermediate impulse wave (3) from last week. CHF/JPY is expected to rise further toward the next buy target at the next resistance level 114.00.
Similar
Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
USD/CHF: approaching the bottom?
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
Latest news
The Battle for Oil. OPEC Strikes Back
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold is Rising Despite Inflation Returns
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
Can the Chinese Economy Recover?
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.
