
What happened? It looks like the decline in EUR/CHF to 1…
2019-11-11 • Updated
The last 'Head & Shoulders' pattern led to the current upward price movement. However, there's a 'V-Top' pattern, which has been confirmed, so the pair is likely going to test the nearest important support at 1.0059 - 1.0044. In case of a pullback from this area, there'll be an opportunity to have another advance towards the high of the last 'V-Top'.
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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