Crude oil slipped below $94 per barrel on Friday, snapping a two-day rally amid reports that the US and Iran were considering a phased deal that could reopen the Strait of Hormuz and lift a US blockade on Iranian ports. Efforts to reach a breakthrough were reportedly underway on the sidelines of the UN General […]
The UK GfK Consumer Confidence Index rose to -13 in September 2026 from -14 in August, unexpectedly reaching its highest level since August 2024 as households became more optimistic about their personal finances. The reading was above market expectations of -16 and came shortly after the governing Labour Party came to power, adding to recent […]
For several weeks now, a proposal has been circulating in the US public debate, with varying intensity, to introduce a ban on diesel exports from the United States, ultimately for a period of around 90 days. This step is meant, naturally, to reduce significant pressure on the US fuel market ahead of elections that are […]
Societe Generale analysts, including Kenneth Broux, note that USD/MXN has broken above a multi-month descending trend line and reclaimed its 200-day moving average for the first time since April 2025. They see scope for a broader uptrend if the pair holds above 17.40/17.35, with hurdles at the June peak near 17.68 and projections around 17.80. […]
Societe Generale strategists note that EUR/CHF has rebounded about 0.3% after the Swiss National Bank (SNB) left rates at 0.0% but softened its FX intervention language. The bank now signals it is only willing to be active as necessary, with inflation forecasts around 0.7–0.8% through 2028 and a widening rate differential versus the Eurozone expected […]
Francesco Pesole at ING argues EUR/USD’s break below 1.140 has pushed the pair into stretched undervaluation versus their short-term fair value model, as rate differentials moved in favour of the Euro. While the Dollar-driven move and lack of nearby technical support keep catching a falling knife risky, ING expects eventual convergence toward the 1.1430–1.1450 area […]
MUFG’s Derek Halpenny notes the US Dollar (USD) is strengthening as US fixed income sells off, driving global bond weakness and higher yields across the curve. A poor 5-year UST auction and strong US and global PMIs are reinforcing hawkish Federal Reserve (Fed) rhetoric. Rising Brent Oil and potential US diesel export bans add to […]
Rabobank’s Mauricio Une and Renan Alves note that the Federal Reserve (Fed) raised rates by 25 bps and signaled a more restrictive stance, while Copom cut the Selic rate to 13.75%. The Brazilian Real (BRL) weakened slightly to BRL 5.1462 per USD but still outperformed most emerging peers. Rabobank expects a narrower rate differential and […]
Facts: USDCHF is trading above the 100-period moving average from D1 interval The pair bounced off the horizontal support area 0.8180 – 0.8205 Recommendation: Trade: Long position on USDCHF at market price Target: 0.8358 Stop: 0.8150 Opinion: USDCHF has been trading in an upward move recently. Looking at the pair at the D1 interval, one […]
German Ifo business sentiment data came in slightly above expectations. The Ifo Business Climate Index pointed to a further improvement in corporate sentiment despite another increase in energy prices. Is Germany returning to growth? German companies assessed both current conditions and the outlook for the coming months more positively, while uncertainty continued to decline. Sentiment […]