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Day: November 7, 2019
November 72019
Swiss Franc Flat As Consumer Confidence Slides, OECD Slams Surplus
The Swiss franc is trading sideways on Thursday as consumer confidence fell to a 10-year low. With the survey suggesting that the Swiss anticipate higher unemployment and weaker economic growth, the Organisation for Economic Cooperation and Development (OECD) slammed the federal government for posting budget surpluses. But local businesses are more perturbed by subzero interest rates than a government that is saving money. According to the State Secretariat for Economic Affairs, the consumer confidence […]
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November 72019
Is NZD/CAD Preparing for 0.8514?
The New Zealand dollar versus the Canadian dollar currency pair is trying to rotate towards 0.8514. Long-term perspective After the strong decline that started after the second confirmation as resistance of the 0.8915 level, the price tried to establish itself under the weekly support of 0.8344, but after printing a low at 0.8236 which was followed by a higher low, the bulls were determined enough to be persistent and as a result they were able to revisit […]
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November 72019
EUR/USD Continues to Decline amid US-China Trade Talks Optimism
EUR/USD continued to decline today as traders felt optimistic about the US-China trade negotiations amid signs that the world’s two biggest economies are close to a deal. Currently, the pair has paused its decline and is moving sideways. Initial jobless claims were at the seasonally adjusted level of 211k last week, down from the previous week’s revised level of 219k. The actual value was close to the median forecast of 215k. (Event […]
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