Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
CHF: losing value
The Swiss franc is losing value, especially against the EUR and the USD: EUR/CHF rose to 1.090 and USD/CHF above 0.90.
Technically, that might be an excellent chance to enter the market. To do that, you will be looking for a bearish reversal/correction that will inevitably happen somewhere on the way. As we neither catch falling knives nor launching rockets, you’d wait until bulls stop pushing. Then, once you start seeing red candles, try to find confirmations that it’s going to be a reversal, and sell. Otherwise, the secondary plan is a temporary sideways move before the next upswing takes place – a series of shorter bearish candles may be a good indication for this scenario.
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
The US unemployment claims are announced on Thursday at 15:30 MT time.
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.