EUR/USD: the euro in equilibrium at parity before the NFP

The EUR/USD dithers around the parity while waiting for the publication of the NFP EUR/USD price ended lower yesterday under pressure from better than expected US economic data. The euro is back to test its recent lows, continuing its seesaw movement around the parity threshold. The US ISM manufacturing index came out unchanged in August, … Read more

EUR/USD: the euro below parity while waiting for Jackson Hole

Gas jump sends euro plunging upstream of Jackson Hole Pressure mounted against the greenback on Monday. The EUR/USD plunged below parity for the first time since 2002 as soaring gas prices in Europe increasingly threatened the continent’s economies to plunge into recession. The price of gas in Europe jumped 13% on Monday after Gazprom announced … Read more

EUR/USD: the euro falls to a one-month low

The dollar regains height while waiting for Jackson Hole The EUR/USD fell to a one-month low on Friday morning following reassuring economic figures in the United States. Weekly jobless claims came in unexpectedly lower as manufacturing activity in the Philadelphia district rebounded more than expected. These data are reassuring about economic activity, although they are … Read more

AUD/USD: the Australian dollar falls in the wake of the yuan

Disappointing Chinese statistics put pressure on the Australian dollar The pressure resurfaced on the Australian dollar following the very disappointing Chinese economic statistics published on Monday. Retail sales rose just 2.7% year on year (est. 4.9%) and industrial production 3.8% (est. 4.3%) while home sales fell 28 .6%, real estate investment by 12.3% and crude … Read more

The euro has officially returned to parity against the dollar for the first time since 2002, but could soon rebound.

The EUR/USD could regain height from the parity threshold In terms of technical analysis, the underlying trend is unquestionably bearish, but the configuration seems to be turning more and more in favor of short-term buyers since the EUR/USD has returned to a major support at parity, but also below the descending channel in which it … Read more

USD/CAD: the dollar is trying to overcome a major resistance at 1.3070C$

Breaking above the resistance at 1.3070 would restart the underlying bullish momentum From a technical analysis perspective, we can see USD/CAD reluctant to break above its year high at 1.3070 and its 200 week moving average. The exchange rate has tested these resistances three times in less than two months and increasingly rapidly (1 month … Read more