Today’s market risk is primarily focused on the ECB Lending Survey – In Q3, banks forecast a net rise in demand for loans from both businesses and consumers.
Also, China’s fiscal revenue growth is expected to decrease significantly in H2 of this year according to China’s Finance Ministry.
During today’s live stream Dale displayed a potential 3 Drive Falling Wedge on BTCUSD. The Speed Line comes in at around the 26K area. Moreover, USDCHF continues to fail to make new highs while the EURUSD is making new lows. Therefore, Dale has a preference for counter trend scalping the USDCHF as he believes 0.9050 to be a viable level.