USD/CNH: the yuan at a 14-year low against the dollar

The yuan falls on the significant divergence of monetary policy with the dollar The pressure is increasing on the Chinese yuan in the face of the divergence of monetary policies between the two central banks. The yuan has just sunk to its 2019-2020 lows and is now trading at its lowest level since 2008 against … Read more

S&P 500: attempted rebound while waiting for the Fed

Wall Street rebounds while waiting for the Fed Equity markets have been trying to gain momentum since Monday ahead of the highly anticipated Fed meeting on Wednesday. The main stock market indices have been gaining ground since the start of the week, with the S&P 500 gaining 0.69% on Monday after starting the session in … Read more

EUR/USD: the equilibrium exchange rate while waiting for the Fed

EUR/USD dithers around near-term parity In terms of technical analysis, nothing has really happened to the exchange rate since it broke through the parity threshold in mid-August. EUR/USD dithers around this threshold, inside its Bollinger bands and its long-term descending channel. The bottom outlook remains technically bearish inside this channel and below the 200 session … Read more

AUD/USD: towards new annual lows for the Australian dollar

Pressure mounts on Australian dollar as US bond yields rise Pressure on the Australian dollar has resurfaced since the publication of inflation figures in the United States. AUD/USD is under pressure and is coming back to test its recent low at around $0.6670 amid rising Fed rate hike expectations. Indeed, operators revised their expectations of … Read more

EUR/USD: the euro in equilibrium at parity before the NFP

The EUR/USD dithers around the parity while waiting for the publication of the NFP EUR/USD price ended lower yesterday under pressure from better than expected US economic data. The euro is back to test its recent lows, continuing its seesaw movement around the parity threshold. The US ISM manufacturing index came out unchanged in August, … Read more