USDCHF dropped to 0,8850 on Monday. 5th day in a row it crossed the level of 0,8876 (Fibonacci 78,6% level), but does not close below it. We believe that as long as this level holds, pair recovery is quite possible, but only the increase above 0,8964 will decrease the …
During the European session Chinese Yuan dropped to six-month minimum against USD continuing rapid decrease from the last week. We believe that People’s Republic Bank of China is trying to open specific expectations regarding positioning and stop the inflow of speculative capital. If to speak about the other markets, Ukraine …
ECB can go for stimulus increase
EUR keeps consolidating awaiting the meeting of ECB which will be held on March 6th. Statistics regarding retail inflation yesterday showed that that it did not increase as well as inflation for producers, which was published last week and stopped the further …
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