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

Dow Jones: correction risk dominates below 34,000

Wall Street is marking time after a major rebound of 20% in 3 weeks US stock markets are marking time in the short term after three strong weeks of gains, particularly the Dow Jones which rebounded 17% from its October low. Stock markets benefited from investor speculation of possible less-than-expected monetary tightening from the Fed … 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

Dow Jones: Powell upsets Wall Street, which is starting a reversal

Jerome Powell dampens hopes of a Fed pivot Hopes of a Fed pivot were dashed by Jerome Powell’s speech last night. Major US indexes fell late on Wednesday, with the Nasdaq 100 and Russell 2000 down more than 3% and the Dow Jones down 1.5%. The central bank president warned that there remains significant uncertainty … Read more

DAX 40: the German stock market returns to test a major bearish slant

DAX benefits from renewed risk appetite but outlook remains bearish The German stock market has taken advantage of investors’ renewed appetite for risk since mid-October to rebound. The DAX rebounded 10% in two weeks, in the wake of Wall Street, against a backdrop of lesser than expected monetary tightening from the Fed. Operators are now … Read more

SP 500: towards a continued rebound while waiting for the Fed

Wall Street continues to rebound while waiting for the Fed The New York Stock Exchange ended up sharply on Friday, driven by good results from cyclical companies such as Caterpillar (+3.3%) and Honeywell (+4.3%) and statistics deemed reassuring on inflation which revived investors’ risk appetite ahead of the Fed meeting. The sharp drop in … Read more

S&P 500: Wall Street returns to test key resistance at 3800 points

Wall Street rebounds amid possible slowdown in Fed tightening The rebound of the American stock market is confirmed. Wall Street has been taking a slightly more precise direction since Friday after several weeks of ups and downs thanks to a possible slowdown in the Fed’s monetary tightening from December, according to an article in the … Read more