Blogs

<p>The Swiss consumer prices have certainly retreated 0.8% y-o-y in April, as a result of a broad shut down in shops and restaurants. The Swiss franc remains strong against the greenback, which shows signs of consolidation amid last week’s sell-off. But the souring market mood gives support to safe-haven currencies, which also benefits to the

<p>The European indices started the week with sharp losses; the DAX (-3.64%) and CAC 40%( -4.24%) were hammered on worries that the renewed tensions between the US and China would prevent the shattered global economy from recovering at a plausible speed.</p> <p>But the US stocks did better in New York, especially towards the end o

<p>Pivot</p> <p>&nbsp;(invalidation): 20.40 </p> <p>Our preference</p> <p>Long positions above 20.40 with targets at 23.20 &amp; 24.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 14.6800 </p> <p>Our preference</p> <p>Long positions above 14.6800 with targets at 14.9000 &amp; 15.0600 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1706.00 </p> <p>Our preference</p> <p>Short positions below 1706.00 with targets at 1690.00 &amp; 1684.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 2798.00 </p> <p>Our preference</p> <p>Long positions above 2798.00 with targets at 2870.00 &amp; 2895.00 in extension.</p> <p>Alternative scenario</p>