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Market Analysis: EUR/USD Recovers While USD/CHF Takes Hit
EUR/USD started a fresh increase above the 1.0310 resistance. USD/CHF declined and now struggling below the 0.9120 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today · The Euro started a decent recovery wave from the 1.0210 zone against the US Dollar. · There was a break above a connecting bearish trend line with resistance…
Kremlin says Ukraine should withdraw troops from Donbas, and a Putin-Trump call expected soon
Kremlin says Ukraine should withdraw troops from Donbas, and a Putin-Trump call expected soon Source link
USD/CHF Technical Outlook: Bulls in Charge as Potential Double Top Pattern Forms – MarketPulse
USD/CHF has been in a strong uptrend since September 2024, largely mirroring the US Dollar Index (DXY). A potential double top pattern is forming around the 0.9137 resistance level. Key support levels to watch are 0.9087, 0.9040, and the psychological 0.9000 handle. A break above the 0.9137 resistance could lead to further gains. Most Read:…
Sunset Market Commentary – ActionForex
Markets The European May PMIs painted a gloomy picture, putting the economy on track for a quarterly decline by 0.2%. The composite indicator fell to a 31-month low of 47.5. The decline was driven both by manufacturing and services. The former still eked out growth (51.4) but the momentum created by anticipative buying (ahead of…
Nvidia (NVDA) Share Price Continues Bearish Trend
Earlier this month, our analysis of NVDA’s share price led us to: → Establish a downward channel (marked in red). → Suggest that the lower boundary could act as support, which was confirmed (circled). On 13 March, we anticipated the median line of this channel might serve as resistance, and yesterday’s ~5% drop in NVDA’s…
The Bank of Mexico unexpectedly cut the interest rate. The US natural gas prices rose to 3 dollars per MMBtu
Yesterday, US stock markets were hit by a wave of sell‑offs, completely erasing the previous day’s optimism. By the end of the day, the Dow Jones Index (US30) fell by 1.01%. The S&P 500 Index (US500) declined by 1.74%. The Technology Index NASDAQ (US100) closed lower by 2.38%. Donald Trump effectively disavowed reports of a…
