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Markets French yields remained at the center of attention. Since prime minister Bayrou called a budget-related confidence vote for September 8, OATs have underperformed not only vs. Bund & swap but even vs. Italian BTPs. That continued today, be it at a less alarming pace than on Monday. Some French tenors including the 5-year one … Read more

EURCAD: ⬇️ Sell EURCAD reversed from resistance zone Likely to fall to support level 1.6000 EURCAD currency pair recently reversed down from the resistance zone lying at the intersection of the upper daily Bollinger Band and the two daily up channels from July and May respectively. The downward reversal from this resistance zone created the … Read more

GBPCAD: ⬇️ Sell GBPCAD reversed from long-term resistance level 1.8700 Likely to fall to support level 1.8500. GBPCAD currency pair recently reversed down from the resistance zone between the upper daily Bollinger Band and the strong multi-month resistance level 1.8700 (which has been reversing the price from March). The downward reversal from this resistance zone … Read more

USDCHF: ⬆️ Buy USDCHF reversed from support area Likely to rise to resistance level 0.8165 USDCHF currency pair reversed from the support area located between the support level 0.8000, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from July. The upward reversal from this support area created the daily Japanese … Read more

CADCHF: ⬆️ Buy CADCHF reversed from strong support level 0.5800 Likely to rise to resistance level 0.5850 CADCHF currency pair recently reversed up once again from the strong support level 0.5800 (which has been reversing the price from the end of June) standing near the lower daily Bollinger Band. This is the 3rd consecutive upward … Read more

The dollar index firmed on Wednesday and hit week’s high, showing resilience to the latest political turmoil in the US central bank after President Trump decided to fire Governor Cook. Fresh gains retested falling 100DMA ($98.60), with firm break here and nearby lower top at $98.71 (Aug 22) needed to confirm positive signal and open … Read more

The most recent moves in the US Dollar may have mean-reverted in Forex markets, but the same can’t be said about precious metals. They had been subject to some selling pressure ahead of the Jackson Hole Symposium but a conjunction of a dovish interpretation of FED Chair Jerome Powell’s speech and growing concerns about the … Read more

Key Highlights GBP/USD corrected gains from 1.3595 and traded below 1.3450. A connecting bearish trend line is forming with resistance at 1.3500 on the 4-hour chart. EUR/USD is struggling to continue higher above 1.1650 and might decline to 1.1520. The US GDP could grow by 3.1% in Q2 2025 (Preliminary). GBP/USD Technical Analysis The British … Read more

The August survey pointed to broadly unchanged levels of optimism, still difficult current conditions, and a slight easing of inflation pressures. Key results, Aug 2025 Business confidence: 49.7 (Prev: 47.8) Expectations for own trading activity: 38.7 (Prev: 40.6) Activity vs same month one year ago: 1.3 (Prev: 5.9) Inflation expectations: 2.63% (Prev: 2.68%) Pricing intentions: … Read more

In focus today In the euro area, we receive data on credit growth for July. Growth has picked up significantly this year in a sign of the easing monetary policy working though the economy. Yet, most recently credit growth has lost some momentum, and it will be interesting to see if that continued in July. … Read more