Markets “Whatever it takes.” These words by former ECB president Draghi in July 2012 are widely considered the turnaround in the sovereign debt crisis that had the euro (area) staring into the abyss. Germany’s upcoming chancellor Merz used them again to announce a similar seismic shift on a fiscal level. With a €500bn infrastructure investment […]
USDCHF stands at the back foot and hit new multi-week low early Friday, as markets await release of US jobs report for May. Recent bear-leg from 0.9158 (May 24 lower top) has found solid support at 0.8893/83 zone (200DMA / Fibo 38.2% of 0.8332/0.9224 rally) which contained several attacks in past few sessions, keeping the […]
The post USD/CHF: At a Multi-Week Low and Cracking Key Supports ahead US Jobs Data appeared first on Action Forex.
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