UBS predicts EUR/USD at 1.20. Here’s why

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USD/JPY spiked higher to 148.01 last week but reversed sharply from there. After all, it’s staying in range of 142.10/148.64. Initial bias remains neutral this week first. On the upside, firm break of 148.64 will resume the rise from 139.87 to 61.8% retracement of 158.86 to 139.87 at 151.22. However, break…

TSMC has seen a slowdown in its sales growth this January. The company now faces global challenges that have reduced demand. Many factors play a part in this change, and the shift has caught many by surprise. First, global economic troubles have affected many buyers. They are cautious and delay purchases. In addition, issues with…