USD/CHF Is On Track For A Bearish Engulfing Month (Which Forecasts April Showers)

With USD/CHF on the cusp of a bearish engulfing month, we take a look at the pattern’s forward returns alongside the Swiss franc’s seasonality.

USD/CHF Hesitates Below Parity (A Level Undefeated Since May)

USD/CHF is approaching parity, a level which is clearly on the radar for market participants. Despite several failed attempts, USD/CHF has not closed above parity since May 2019. We could quibble over the fact that it opened above 1.0000… Read More

Further Signs That USD Could Be In For A Better Month

November has been off to a much better start for USD than October ended. And seasonality suggests DXY could be in for a positive close this month. This ties in nicely with Tuesday’s analysis, which showed bearish engulfing… Read More

Weekly and Monthly Bearish Engulfing Candles Appear On DXY – But Just How Grizzly Are They?

The USD index (DXY) presented traders with a bearish engulfing candle on both the weekly and monthly chart by Friday’s close. So, will this bearish pattern live up to its grizzly name in the weeks ahead?

Historically, September Has Been A Bearish Month For USD/CHF

  Using historical data, we’ve mapped out a seasonal matrix for FX majors and noted the bearish tendency for USD/CHF in September.

Fed Slams The Dollar | AUD/USD, USD/JPY

Dovish comments from Fed officials has put a 50bps cut in July back onto the table for markets, and markets were quick to respond. Fed’s William’s said current estimates of the US neutral interest rates are around 0.5% and, if… Read More

GBP/USD Breaks Its 52-Week Low: Has That Provided An Edge In The Past?

Source: Eikon, City Index To be more precise, GBP/USD has actually closed to a 25-month low. But having recently tested how the S&P500 responded to its 52-week milestone, we extend our curiosity the cable.

USD/CAD To Challenge ‘Long’ Held Views?

A slight thaw in trade tensions and a minor rebound has seen the CAD strengthen, yet with several crosses pointing to CAD strength, perhaps this could have some follow-through. If a single currency is about to embark on… Read More

FOMC Recap: Fed Doves Play Catchup With Markets

The Fed all but confirmed the U-turn that many were expecting. Whilst rates remained on hold, almost half of voting members now see two rate cuts this year.

DXY: Seasonality Suggests Headwinds Around The 2018 Highs

DXY looks set to challenge the 2018 peak, although price action near-term could be stretched. Beyond February seasonality points lower, so how it reacts around the highs could be key as we head into March.