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Intraday Technical Analysis 9 October
With the U.S. and Canadian markets closed, trading was relatively subdued. Still, the U.S. Dollar managed to maintain a steady pace of gains on Monday. On the economic front, China’s Caixin services PMI was seen rising to 53.1 for September. This beat estimates of 51.4 and advanced from 51.5 in August. In Switzerland, the unemployment data showed that the national unemployment rate was steady at 2.5% as expected. The unemployment rate fell by 0.1 percentage point from the month before. In the Eurozone, industrial production figures from Germany showed a 0.3% decline on a month over month basis. This missed ... (full story)