As largely anticipated, the People’s Bank of China (PBOC) drastically reduced the reserve requirement ratio (RRR) of banks by 50bps on Monday.This is the second time that the banks’ RRR has been reduced by the PBOC. Premier Li Keqiang spoke of this cut last Friday, in which he claimed that the …
EURCHF Analysis - Significant Level 1.04010 Is the Bears’ Latest Market Stop EURCHF bears' latest stop is at the 1.04010 significant level. The market has been strongly bearish, notably since the 17th of September. Moreover, EURCHF has successfully navigated itself through all the significant …
USDCHF Analysis - Price Encounters Resistance and Fails to Surpass Weekly Resistance USDCHF encounters resistance again at the 0.93770 significant level, and as a result, the price drops abruptly. The market has been working its way upward after a reversal at a confluence zone, which consists of an …
