2023

USDCHF grinds support The US dollar consolidates as market participants await the Jackson Hole Symposium on Thursday. In the wake of July’s sell-off profit-taking has been driving the bid up. Then the upward grind came to a halt at the…
Read More

Market risk sentiment has been really sensitive lately. The normal drift higher during summer dynamics has been interrupted by a series of bad news. So, it's not surprising that a data series which usually affects the markets' mood will get…
Read More

China hit a couple of worrying milestones over the weekend, amidst a flurry of negative data from the world's second-largest economy. The government has been trying to prop up the economy, but analysts and the market seem to be frustrated…
Read More

EURUSD grinds major support The euro retreats as a fall in Euro zone inflation would ease pressure on the ECB. On the daily chart, the price is grinding July’s bottom at 1.0840 as this is a critical level to keep the bullish momentum…
Read More

The oil market has been showing some confusing signals of late, which has contributed to extra volatility over the summer. Yesterday was a microcosm of that, with a couple of surprising events. Citigroup analysts advised traders to short…
Read More

AUDUSD tests resistance The Australian dollar weakened after an uptick in July's unemployment rate. The pair is still struggling to stabilise after it broke below May’s low of 0.6500. 0.6370 is the closest support and the RSI’s oversold…
Read More

Markets have been rattled this week by a series of news events coming out of China. On top of a series of disappointing economic figures, there have also been a resurgence in worries about the housing industry. China's financial system is…
Read More