The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
USD/CHF is capped by resistance
2019-11-11 • Updated
SELL 1.0040; TP 1.0010; SL 1.0055
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01 (last week’s highs). The first downside target lies at the parity level (1.00). If this support is lost, we’ll see a deeper selloff. A doji with a long upper wick was formed on D1 on Friday — a negative sign. On H4, we see a lower high and the decline below 50-period MA.
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…