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Despite the punitive decision taken by the EU not to grant equivalence of Swiss stock market, countermeasures undertaken by Swiss authorities to safeguard Swiss equities have paid off. Since the change of regime, trading on Swiss stocks has gone smoothly, with both SMI and SPI indices gaining 1...
Unorthodox monetary policy since the post-financial crisis has always generated controversy. To ensure economic and financial stability during the financial crisis central banks expanded their tools to deal with extreme risks...
GOLD Trades Below Key Resistance Zones...
Pivot (invalidation): 56.70 Our preference Long positions above 56.70 with targets at 57.45 & 58.10 in extension. Alternative scenario Below 56.70 look for further downside with 56.10 & 55.35 as targets...
Pivot (invalidation): 15.2200 Our preference Long positions above 15.2200 with targets at 15.4200 & 15.4600 in extension. Alternative scenario Below 15.2200 look for further downside with 15.1400 & 15.1000 as targets...
Pivot (invalidation): 1423.00 Our preference Short positions below 1423.00 with targets at 1412.00 & 1403.00 in extension. Alternative scenario Above 1423.00 look for further upside with 1431.00 & 1437.50 as targets...
Pivot (invalidation): 2977.50 Our preference Long positions above 2977.50 with targets at 3001.00 & 3017.00 in extension. Alternative scenario Below 2977.50 look for further downside with 2958.00 & 2944.00 as targets...
Pivot (invalidation): 12520.00 Our preference Long positions above 12520.00 with targets at 12690.00 & 12740.00 in extension. Alternative scenario Below 12520.00 look for further downside with 12440.00 & 12400.00 as targets...
Pivot (invalidation): 5.6450 Our preference Short positions below 5.6450 with targets at 5.5940 & 5.5770 in extension. Alternative scenario Above 5.6450 look for further upside with 5.6650 & 5.7000 as targets...
Pivot (invalidation): 0.7015 Our preference Long positions above 0.7015 with targets at 0.7050 & 0.7070 in extension. Alternative scenario Below 0.7015 look for further downside with 0.7000 & 0.6985 as targets...
Pivot (invalidation): 1.3085 Our preference Short positions below 1.3085 with targets at 1.3050 & 1.3030 in extension. Alternative scenario Above 1.3085 look for further upside with 1.3105 & 1.3120 as targets...
Pivot (invalidation): 0.9845 Our preference Long positions above 0.9845 with targets at 0.9875 & 0.9890 in extension. Alternative scenario Below 0.9845 look for further downside with 0.9830 & 0.9810 as targets...
Pivot (invalidation): 107.90 Our preference Short positions below 107.90 with targets at 107.65 & 107.50 in extension. Alternative scenario Above 107.90 look for further upside with 108.10 & 108.25 as targets...
Pivot (invalidation): 1.2555 Our preference Long positions above 1.2555 with targets at 1.2600 & 1.2615 in extension. Alternative scenario Below 1.2555 look for further downside with 1.2535 & 1.2520 as targets...
Pivot (invalidation): 1.1310 Our preference Short positions below 1.1310 with targets at 1.1270 & 1.1250 in extension. Alternative scenario Above 1.1310 look for further upside with 1.1325 & 1.1340 as targets...
EURUSD bear pressure targets the 1.1225 area as it looks for price extension. Support comes in at the 1.1225 where a violation will turn risk to the 1.1200 level. A turn below here will target the 1.1150 level. Further down, support lies at the 1.1100...
