Swiss GDP numbers came out significantly better than economist’s had anticipated. Swiss exports which rose 3.9% QoQ and 9.5% YoY is the main driver for the beat. The fact the EURCHF gravitated between 1.07 and 1.0950 and USDCHF traded close to parity during that period may have given the Swiss economy some respite.
– Gold’s bullish momentum faded ahead of key resistance at 1253. The metal is pushing slightly higher. Hourly supports lies at 1211 (26/02/2016 low). Daily resistance can be found at 1263 (11/02/2016 high).
– In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1392 (17/03/2014) is necessary ton confirm it, A major support can be found at 1045 (05/02/2010 low).
Analisys from Yann Quelenn, Market Strategist @swissquote.ch • GBP/USD has broken hourly support at 1.4150 (29/01/2015 low) and 1.4081 (21/01/2015 low). The road is wide open to long-term support at […]
European markets maintained early gains yestarday afternoon trading after ECB President Mario Draghi talked up the prospect of Euro under pressure on rumors of further ECB stimulus amidst talk that the […]
The PBoC’s decision to set the USD/CNY fixing to 6.5118, down 0.30%, helped the risk sentiment to improve substantially
Brexit is not the base scenario for many analysts. But it is worth to have a look on what could happen and how much the pound could devalue, just in case.
Since 2016 began, the prospect of a major devaluation of China’s renminbi has been hanging over global markets like the Sword of Damocles. No other source of policy uncertainty has been as destabilizing. Few observers doubt…
No surprises from the Fed statement and how markets reacted to it New Zealand's central bank is still willing to move I stay away from the NZD however UK data […]
