
What happened? It looks like the decline in EUR/CHF to 1…
2021-11-11 • Updated
NZD/CHF continues to fall sharply – following the earlier breakout of the powerful support level 0.6940 (which stopped the previous sharp downward corrections 4 and (2), as can be seen from the daily NZD/CHF chart below). The breakout of the support level 0.6940 is following the earlier breakout of the support zone lying at the intersection of the key support level 0.7000 and the weekly channel line from 2016.
NZD/CHF is expected to fall further to the next sell target at the support level 0.6860 (monthly low from last July and the forecast price for the termination of the active minor impulse wave 3).
What happened? It looks like the decline in EUR/CHF to 1…
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.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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