USD/CHF: the dollar is trying to rebound against the franc

USD/CHF could rebound to 0.9850 in the near term From a technical analysis perspective, USD/CHF has rebounded strongly from major support at 0.94 after dwelling on that level for several sessions. The risk/return ratio becomes again in favor of buying above this support and the powerful rebound opens the way to a potential reversal which … Read more

USD/JPY: the dollar returns to test major support at 139 yen

USD/JPY stabilizes after US inflation-driven drop The price of USD/JPY has fallen in recent weeks to return to test major support at 139. Despite the monetary policy differential in favor of the dollar, USD/JPY has fallen 8% since its peak on October 21 following somewhat less hawkish rhetoric from some Fed members and encouraging signs … Read more

USD/CNH: the yuan at a 14-year low against the dollar

The yuan falls on the significant divergence of monetary policy with the dollar The pressure is increasing on the Chinese yuan in the face of the divergence of monetary policies between the two central banks. The yuan has just sunk to its 2019-2020 lows and is now trading at its lowest level since 2008 against … Read more

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