Key Takeaways 💰 Consider selling the US dollar during a potential October bounce 🐻 Broader trend suggests a bearish outlook for the US dollar 📉 Bearish triangle pattern in US Dollar Index indicates potential declines 🔄 Anticipate a corrective "snapback" rally in October 📈 October historically has shown a seasonal bounce in election years 💰 … Read more
Key Takeaways: 💵 Dollar weakened after boost from healthy U.S. economic data faded 📉 Dollar index fell to 100.52, on track for sixth drop in seven sessions 🇨🇭 Swiss franc rose as Swiss National Bank cut interest rates by 25 basis points 🇪🇺 Euro was up to $1.1178 📊 Fed’s Nov. 6-7 meeting expected to … Read more
Key Takeaways: 💵 Dollar down in choppy trading after U.S. data reflects relatively healthy economy 🇨🇭 Swiss franc gains after Swiss National Bank cuts interest rates by 25 basis points 📉 U.S. weekly jobless claims fall to four-month low 📈 Corporate profits and GDP growth in the U.S. stronger than expected 💼 Gauge of new … Read more
Key Takeaways 💵 Bank of America Securities expects modest US dollar downside going into 2025 📉 US dollar is seen as moderately overvalued but Fed rate cutting cycle would help attenuate overvaluation 📈 Bank forecasts EUR/USD to rise, with end-2024 at 1.12 and end-2025 at 1.17 🔜 BoA expects more USD downside with disinflationary trends … Read more
Key Takeaways 💹 Citi forecasts USD/JPY to potentially reach 150 by end of 2024 📉 Pair could dip below 140 in early 2025 and close near 130 by end of year 💱 Factors like repatriation of foreign earnings could reverse yen weakness 📚 Japan’s digital account deficit may not indicate long-term structural weakness ⚠️ Citi … Read more
Key Takeaways: 💸 The US dollar has weakened after the Federal Reserve’s dovish shift. 📉 Further falls of the US dollar are expected by Capital Economics. 🕰️ A period of consolidation is more likely in the near term. 🌐 Continued weakness of the greenback expected over 2025. 🇺🇸 Potential for the dollar to appreciate if … Read more
Key Takeaways 🔽 The dollar edged down on increasing risk appetite as traders await key Fed speeches and economic data 🇨🇭 Swiss franc strengthened after SNB’s unexpected interest rate cut 📈 European and Asian stocks rose driven by China’s stimulus package 💱 Analysts focus on Federal Reserve policy and U.S. economic data in the forex … Read more
Key Takeaways: 💰 Bank of America Securities remains a seller of the US dollar 📉 Front end rates reflect expected Fed easing magnitudes similar to past downturns 🔄 Risk assets are performing consistently with a "soft landing" and reflation 📊 Broad USD depreciation is foreseen by the bank 💥 Large rate shocks can be dollar … Read more
Key Takeaways: 💰 Impending expiry of U.S. licence may make payments in Chinese yuan harder and costlier for Russian businesses 🏦 Chinese banks are cautious of dealing with Russian entities blacklisted by Washington ⏰ OFAC issued a licence authorizing certain transactions that will expire on Oct. 12 💳 Russian unit of Raiffeisen Bank International has … Read more
Key Takeaways: 💵 Dollar saw a sharp rally since early June following a rebound 📈 Investors uncertain about pace of future U.S. rate reductions 🗣️ Fed speakers not presenting a unified view on rate cuts 🇺🇸 U.S. jobless claims data to be closely watched for Fed’s focus on employment 📉 Traders expect a second 50 … Read more