Will US NFP Report Come to Dollar’s Rescue?

The Swiss National Bank (SNB) cut its rate by another 25bp yesterday. The latest uptick in inflation didn’t bother the Swiss policymakers who considered that inflation remains in check in Switzerland. They preferred to give the economy – especially the Swiss exporter and families with mortgages – the additional support they needed. The market reaction […]

Markets It was a drawn-out stretch towards the publication of the US services ISM today (read about it down below). Core bonds in the meantime gained ground with US Treasuries in particular shaking off yesterday’s Bostic’s comments. The Atlanta Fed president warned for inflation risks from “pent-up exuberance”. That’s how he describes companies being ready […]

CHFJPY broke key resistance level 172.50 Likely to rise to resistance level 174.00 CHFJPY currency pair recently broke above the key resistance level 172.50, which has been repeatedly reversing the price from the end of April. The breakout of the resistance level 172.50 should accelerate the active minor impulse wave 3 of the higher order […]