Swiss Franc Showing Strength

Market activity is subdued on Wednesday in thin post-holiday trade. In the European session, USD/CHF is almost trading at 0.9280, down 0.14%. Over the final two months of the year, the Swiss franc has looked sharp against the US dollar. USD/CHF tumbled 5.6% in November and is down another 1.6% in December. The pair fell […]

FTSE 100 to Close the Year in the Positive, While S&P500 Lost a Fifth of its Value

The good news with China’s reopening is that it should boost global growth. The bad news with China’s reopening is that it will not only boost global growth, but also energy and commodity prices – hence inflation, the interest rate hikes from central banks and potentially the global Covid cases – which could then give […]

British Pound Quiet as a Mouse

The British pound has shown little movement since before Christmas and remains quiet on Thursday. This is not surprising as trading volumes are down during the holidays and there are few key events on the calendar this week. In the European session, GBP/USD is trading at 1.2023, up 0.07%. There are no tier-1 events out […]

The Major Take of 2022: End of the Cheap Money Era

US indices rallied yesterday, in an effort to recover a part of the past few session losses, rather than a fresh move, on fresh news, as there was no fresh news yesterday. But yesterday’s jump in US indices was relatively strong, perhaps due to thin trading volumes that make look the year-end moves impressive, while […]

Swiss Franc Touches 9-Month High

The Swiss franc is steady on Friday. In the European session, USD/CHF is almost trading at 0.9240, up 0.08%. On Thursday, USD/CHF dropped by 0.6% and hit a low of 0.9210, its lowest level since March 28th. KOF rebounds in December A quiet post-Christmas week wrapped up with the KOF Economic Barometer release today. After […]

Aussie Finishes Strong in 2022

The Australian dollar has been rising since last Friday and is in positive territory today. In the European session, AUD/USD is trading at 0.6801, up 0.37%. The final week of the year, bookended by Christmas and New Year’s, is usually quiet, with reduced trading volumes and a very light economic calendar. Still, the Australian dollar […]

Outlook 2023: Gold

As a hedge against uncertainty, gold is expected to have quite an active year in 2023. There are many risk events already on the calendar for the next 12 months, and then we have to consider the unforeseeable events that could shake up markets. There are also a series of expected changes in both monetary […]

New Year, Old Theme – US Jobs Data to Kick Off Volatility

EUR/USD awaits new catalyst The euro finds support from an assertive ECB. For the most traded currency pair, the new year’s theme would be how fast the ECB will close the monetary policy gap. Traders have shrugged off concerns about soaring energy prices and borrowing costs. European policymakers’ shift to a tough line on inflation […]

What to Expect from the Dollar and the Euro in 2023

We analyzed last week what happened to the two most popular currencies in 2020-2022, what forecasts were given then by the strategists of leading financial institutions for EUR/USD, and how accurate they turned out to be. Now it’s time to tell what experts expect from 2023. It should be noted right away that these forecasts […]

A New Year, But Still Inflation and Central Banks in Focus

Market movers today A new year kicks off with continued focus on central banks and inflation, as well as on signals of how long and deep a recession are we heading into. For inflation pressures to cool off, further tightening of financial conditions and weaker economic activity is still needed. The week starts with December […]