Brazil Central Bank Vows More Currency Intervention If Needed

Brazilian policy makers will intervene further if they need to normalize the foreign exchange market, central bank chief Roberto Campos Neto said. The monetary authority sold dollars on the spot market twice on Tuesday as the real weakened to an all-time low following comments from Economy Minister Paulo Guedes that a weaker currency isn’t a problem. BRAZILIAN REAL IN TROUBLE AGAIN

U.S. Consumer Confidence Declines for Fourth Straight Month

U.S. consumer confidence unexpectedly fell for a fourth straight month as sentiment about current labor-market conditions eased, posing a challenge to retailers heading into the all-important holiday-shopping season. Read More

TECHNICAL CHARTS – USD & CHF

KEY TAKEAWAYS

  • Price looks interesting for a good break
  • We are expect a pullback before any major breakout
  • Watch the price range and the trend-line before engaging this pair
  • Ensure good TP & SL are designated

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Article by: Ashok MBA – Strategic Financial Coach

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