The US dollar spent the first month of the new year correcting lower after a strong advance in the last several months of 2016. We argue that the correction actually began in mid-December following the Federal Reserve's rate hike.
Read More ยป
Tag Archive: Stochastics
FX Weekly Review, January 16 – 21: Dollar Still Appears to Carving out a Bottom
The US dollar turned in a mixed performance over the past week. The technical indicators continue to support our expectation that after correcting since mid-December, following the Fed's hike, the dollar is basing.
Read More ยป
Read More ยป
FX Weekly Review, January 09 – 14: Dollar Correction may be Over or Nearly So
For the first week since the election of Trump, the Swiss Franc index had a clearly better performance than the dollar index. It improved by 1.5% in the last ten days.
Read More ยป
Read More ยป
FX Weekly Review, January 02 – 07: Is the corrective phase of the dollar over?
The lack of full participation and the resulting choppy conditions may have obscured the signal from the capital markets. That signal we think was one of correction since shortly after the Fed's rate hike in id-December. The question now, after the US employment data showed continued labor market strength and that earnings improvement remains intact, is whether the corrective phase is over.
Read More ยป
Read More ยป
FX Weekly Review: June 27 – July 01: Swiss Franc Strength Reversed
Week after Brexit.: The Swiss franc (-0.3%) and the yen (-0.5%) were the worst performers, as so-called safe haven buying was reversed.
But the Swiss Franc index is still stronger in the last month than the dollar index.
Read More ยป
Read More ยป