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EUR/CHF Price Forecast: Probing Base Of Triangle As Price Attempts To Break Out

EUR/CHF Price Forecast: Probing Base Of Triangle As Price Attempts To Break Out

EUR/CHF is trading at the bottom of a Triangle pattern.  The pair looks vulnerable to breaking lower.  EUR/CHF is probing the base of a Triangle pattern it has formed over the last three months (see chart below). It has broken below the bottom of the Triangle on an intraday but not a closing basis. That […]
EURUSD Set For 5th Consecutive Day Of Losses?

EURUSD Set For 5th Consecutive Day Of Losses?

EURUSD hits lowest level since Nov 2023 US inflation rises 2.6% YoY, in line with expectations St Louis Fed head warns of inflation above 2% Markets price in 82.5% chance of 25bp rate cut EUR faces pressure from German politics and potential US tariffs EURUSD has hit its lowest level since November 2023, pressured by a stronger dollar following Donald Trump’s win […]
US Dollar Prices In More Trump Trade As Republicans Win House Majority

US Dollar Prices In More Trump Trade As Republicans Win House Majority

The Trump trades rally in the US Dollar is heading into its fifth day of gains.  All eyes are on Fed Chairman Powell and his view on the interest rate cut in December. The US Dollar index jumps to a fresh year-to-date high at around 107.00.  The US Dollar (USD) extends the  Trump trade rally […]
Advance Auto Parts Reports Sales Decline In Third Quarter

Advance Auto Parts Reports Sales Decline In Third Quarter

Image Source: Unsplash  Advance Auto Parts, Inc. (NYSE: AAP) reported its financial results for the third quarter of fiscal 2024, highlighting several key developments in its operational and financial performance. The company, a prominent player in the North American automotive aftermarket sector, saw its net sales from continuing operations reach $2.1 billion, a slight decrease from $2.2 […]
ZKsync approves proposal to distribute 325 million ZK tokens to boost liquidity across chains

ZKsync approves proposal to distribute 325 million ZK tokens to boost liquidity across chains

Key Takeaways ZKsync’s Ignite program will distribute 325 million ZK tokens to establish a DeFi liquidity hub. The initiative aims to boost ZKsync Era’s declining metrics by enhancing DeFi liquidity. Share this article The ZKsync community has approved the ZKsync Ignite Program, which will distribute 325 million ZK tokens to establish a DeFi liquidity hub […]
Visualizing China’s CO2 Emissions

Visualizing China’s CO2 Emissions

China’s emissions of carbon dioxide are so immense that its difficult to fully grasp their scale. However, thanks to the United Nations, we have a unique set of data that makes it possible to visualize how immense its CO₂ emissions are compared to other nations.That data was presented in the form of a table, which doesn’t quite […]
France Suffers Record Capital Outflows

France Suffers Record Capital Outflows

The bad news is piling up for France, prompting some to take concrete decisions, such as transferring their capital abroad. Éric Dor, Director of Economic Studies at IESEG School of Management, pointed this out on X (Twitter).The payment system between central banks and commercial banks in the eurozone – TARGET 2 – gives a clear picture of the […]
Two Trades To Watch: EUR/USD, FTSE Forecast – Thursday, Nov. 14

Two Trades To Watch: EUR/USD, FTSE Forecast – Thursday, Nov. 14

Image Source: Unsplash  EUR/USD falls to a 2024 low ahead of a busy calendar USD rises to a yearly high on the Trump trade EZ GDP and ECB minutes are due EUR/USD falls below 1.0550 to a 2024 low EUR/USD has tumbled below 1.0550, dropping to a 2024 low amid U.S. dollar strength as investors look […]
The Dollar’s Surge Continues

The Dollar’s Surge Continues

Image Source: Pexels  Overview: The dollar’s surge continues. Most G10 currencies are off 0.45%-0.65%. The US dollar is trading above CAD1.40 for the first time since the pandemic, but the Canadian dollar is faring the best of the G10 today (~-0.15%). Since US election, it is the only major currency not to have fallen by at least […]
Daily Market Outlook – Thursday, Nov. 14

Daily Market Outlook – Thursday, Nov. 14

Image Source: Pixabay  While longer-term U.S. government yields and the dollar increased on Thursday as investors assessed the monetary policy and inflation outlook in the United States, weak Chinese markets drove down broader Asian shares. Donald Trump’s return to the White House and the optimism that his administration will be good for cryptocurrencies helped Bitcoin stabilize […]