What are the technicals driving the USDCHF and the EURCHF for October 18

The USDCHF this week prolonged above a swing space between zero.86078 and zero.8619, after which the 38.2% retracement of the transfer down from the July excessive to the September low at zero.86318.Yesterday there was a corrective transfer…

Tech giants rally: Apple and Nvidia soar whereas Amazon dips

Sector OverviewThe inventory market is experiencing different performances immediately, with Expertise main the cost. A noticeable upswing is noticed notably in Tech giants, making it a day of wins for some and losses for others within the…

Dow Industrial average is lower. NASDAQ higher to start the new trading day

As the US stock trading gets started, the Dow is lower as Amex (-4.25%)and P&G (-1.75%) weigh on that index after earnings disappointed. The Nasdaq is moving higher led by Netflix after their earnings (+9.5%). A snapshot of the market…

Putin: A BRICS unified currency is premature

"Premature" is an interesting choice of words.That said, I certainly can't see it happening in my lifetime. I suspect we'll see a breakup of the euro before a BRICS currency. This article was written by Adam Button at www.forexlive.com. Source…

The BRICS Forex is on the Horizon

Because the 16th BRICS summit approaches, the world is watching with anticipation. With the introduction of latest members and the continued growth of a BRICS forex, this gathering might mark a vital turning level in worldwide finance. Will…

USDCAD buyers remain in control. Bank of Canada rate decision next week

The USDCAD buyers remain in control in what has been an up-and-down trading week that did see the pair move to the highest level since August 6th. At the price high this week, the USDCAD moved into a swing area going back to the end of July…

Atlanta Fed GDPNow stays unchanged three.four% for the third quarter

The Atlanta Fed GDPNow development estimate for the third quarter got here in unchanged at three.four%.In their very own phrases:The GDPNow mannequin estimate for actual GDP development (seasonally adjusted annual fee) within the third quarter…

Fed's Bostic: We may see a lull in activity and spending around the election

Bostic delivered a lecture at a high school on "Economic Education and the Fed 101" in Mississippi. The comments didn't speak to the outlook. This article was written by Adam Button at www.forexlive.com. Source link

ECB's Makhlouf: I do not believe rates should have been cut faster

There sources report yesterday highlighted that there were some on the ECB who wanted to remove references to being restrictive, so there is a dovish push. The market is pricing in a 23% chance of a 50 bps cut in December. …

The NZDUSD this week extended to a new low into swing area support, and bounced modestly.

The NZDUSD price action this week has been lower, but there also has seen a lot of ups and downs and consolidation after the sharp move lower from the end of September high at 0.6377 to the low this week at 0.6038 (12 days from top to the…