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Switzerland’s inflation data for November showed CPI falling -0.1% mom, matching expectations and mirroring October’s pace. Core CPI, which excludes volatile items like fresh and seasonal products, energy, and fuel, was flat on a monthly basis. Price movements showed domestic products falling -0.1% mom, while imported product prices dropped -0.4% mom. On an annual basis, […]

The post Swiss CPI stabilizes in Nov, but remains subdued at 0.7% yoy appeared first on Action Forex.

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12/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently demonstrates a bearish overall momentum, indicating a weaker stance for the US Dollar. This momentum suggests the potential for a bearish continuation towards the 1st support level. The 1st support at 101.77 is recognized as an overlap support and coincides with the 50% Fibonacci Retracement level. This […]
18/12/2023

EUR/USD: Regains Traction But Recovery Faces Strong Headwinds

EURUSD found a footstep and firmed on Monday after 0.9% drop last Friday, following a double failure at psychological 1.10 barrier. However, recovery is unlikely to extend much as near-term action is weighed by much weaker-than-expected German Ifo data and rising bearish momentum on daily chart. Also, long upper shadow on last week’s candlestick and […]
02/12/2024

Bitcoin Eases But Overall Picture Remains Bullish Above 90K and Keeps 100K Target in Focus

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