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Intraday Technical Analysis 5 December
The U.S. Dollar was seen trading a bit volatile on Tuesday. Economic data on the day showed that consumer prices in Switzerland fell 0.3% on the month. This was worse than forecasts of a 0.1% decline. The data comes ahead of next week’s quarterly SNB meeting. In the UK, the pound sterling jumped on initial reports from an EU court official who said that the UK did not require EU’s permission to cancel Brexit. However, the gains were quickly erased. Construction PMI data showed a modest increase to 53.4 in November, which came out better than the forecasts of a 52.5 increase. Producer prices in the Eurozone soared ... (full story)
