USD/CHF drops to the vicinity of 0.8100 and rebounds. The demand for the safe-haven space underpins the Swiss franc. Attention now shifts to the release…
Created on April 11, 2025 It’s been a brutal day in the S&P 500 after the CPI numbers came out weaker than anticipated and you…
Scope for US Dollar (USD) to continue to weaken vs Chinese Yuan (CNH); any decline is unlikely to reach the major support at 7.2430. In…
The OPEC production surveys by Reuters and Bloomberg again showed a considerable discrepancy for March, Commerzbank’s commodity analyst Carsten Fritsch notes. UAE and Iraq at…
The US Energy Information Administration (EIA) has revised its forecast for global oil demand downwards, Commerzbank’s commodity analyst Carsten Fritsch notes. Oversupply fears push oil…
While deeply oversold, further USD weakness is not ruled out; next support level is at 142.50. In the longer run, renewed momentum suggests USD is…
The pair advanced to the vicinity of the 1.1500 hurdle earlier in the day. The Greenback loses further ground and breaks below key contention levels.…
Australian Dollar (AUD) is likely to strengthen further, but the major resistance at 0.6290 still seems to be out of reach. In the longer run,…
Escalating tensions between the US and China triggered a USD selloff. The Bank of Canada will have a monetary policy meeting next week. USD/CAD trades…
The Swiss franc had its biggest one-day rally since 2015 yesterday, emerging as the preferred recipient of safe-haven flows leaving the dollar. USD/CHF is tentatively…