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Market Recap – Tariffs on autos suspended ?

Markets experienced a short lived rally at the beginning of the US session, as CNBC reported that Trump will delay thoughts of imposing tariffs on EU and Japanese autos for another 6 months. Note that a decision on the matter was set to be made within the coming weekend. On the US-China front, Steven Mnuchin, […]

Trading scenarios for GBPCHF

GBPCHF is moving downwards since the beginning of August and sellers may keep the control targeting around 1.233 level, where there is the support of the trend line T1. Stochastics(5,3,3) is forming a double bottom in the oversold zone (below 20) and RSI(14) is breaking out the oversold zone (below 30) to the upside. According […]

Market Recap – Manufacturing and Service PMI releases

On the last day of the week, the focus turns to the PMI releases. The week has been characterized by the Central Bankers that set the tone for 2H19. Mario Draghi (ECB) revealed that “he is ready to use all the flexibility within his mandate and will do so again”, Jerome Powell (FED) published the […]