
What happened? It looks like the decline in EUR/CHF to 1…
2019-11-11 • Updated
There's a 'V-Bottom' pattern, which has been confirmed, so the market is rising. The main intraday target is the nearest resistance at 0.9962 - 0.9980. If a pullback from this area happens next, bears are likely going to reach another support at 0.9904 - 0.9893, which could be a starting point for a larger bullish correction.
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?
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 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.
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.
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