S&P 500: attempted rebound while waiting for the Fed

Wall Street rebounds while waiting for the Fed Equity markets have been trying to gain momentum since Monday ahead of the highly anticipated Fed meeting on Wednesday. The main stock market indices have been gaining ground since the start of the week, with the S&P 500 gaining 0.69% on Monday after starting the session in … Read more

EUR/USD: the equilibrium exchange rate while waiting for the Fed

EUR/USD dithers around near-term parity In terms of technical analysis, nothing has really happened to the exchange rate since it broke through the parity threshold in mid-August. EUR/USD dithers around this threshold, inside its Bollinger bands and its long-term descending channel. The bottom outlook remains technically bearish inside this channel and below the 200 session … Read more

AUD/USD: towards new annual lows for the Australian dollar

Pressure mounts on Australian dollar as US bond yields rise Pressure on the Australian dollar has resurfaced since the publication of inflation figures in the United States. AUD/USD is under pressure and is coming back to test its recent low at around $0.6670 amid rising Fed rate hike expectations. Indeed, operators revised their expectations of … 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