Since the Swiss National Bank’s last meeting, the landscape for the Swiss economy has worsened. Weaker than expected Q3 GDP data along with slow growth in key export markets have increased downside risks for the SNB.
Due to the… Read More
USD/CAD has been slowly but steadily rising for more than a year, from September 2017 until December 2018.
The structure, however, does resemble a corrective sequence, due to the multiple present overlaps.
USD/CAD – Weekly Chart
On… Read More
Non-Commercials increased their net shorts in the Euro last week selling a further 6k contracts to take the total position to -61k contracts. The main focus this week will be whether the ECB proceeds as expected and announces an… Read More
The economic schedule for the week ahead remains as the markets inch closer to the holiday season. This week will see some important market moving events lined up, starting with the two central bank meetings.
The European Central Bank… Read More
The month of November was dominated mostly by Europe as the EU, and the UK leaders agreed to a Brexit deal that could potentially enable the UK a smooth transition in March 2019. As a result, the British pound was seen experiencing some… Read More
AUDCHF or AUD/CHF is the notation used for the currency pair composed of the Australian Dollar and the Swiss Franc (CHF standing for Confoederatio Helvetica Franc, the official name of the country in Latin). The pair isn't popular enough to… Read More
Following the tentative agreement - or "truce" as it's being billed in the media - between Trump and Xi, tariffs are once again the conversational topic of the Street. And given that the truce is a 90-day stay on already agreed-upon… Read More
Non-Commercials increased their net short positions in the Euro last week selling further 8k contracts to take the total position to -55k contracts. The single currency has come back under pressure recently as continued data… Read More
The markets head into the final trading month of the year. With the U.S. equity markets now erasing most of the gains for 2018, the U.S. Dollar is likely to emerge on the top as the best performing currency pair.
Still, the economic data… Read More