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USD: FOMC Minutes: Balance Sheet Runoff Likely To Formally Announced Next Month – CIBC

CIBC Research comments on today's FOMC minutes from the July meeting.

Despite the recent run of soft inflation readings, FOMC members appear comfortable moving forward with further tightening. The minutes of the July meeting indicate that many participants still Read More →

Dollar steady as strong data keeps rate hike hopes alive

Demand for safe-haven assets such as precious metals has eased as geopolitical tensions between the US and N. Korea have somewhat calmed down. Gold slipped to record its steepest one day drop in nearly 6 weeks. The drop-in price Read More →

EURUSD – Euro Supported Above 1.1700 Vs US Dollar

Key Points

  • The Euro moved down this week and traded towards the 1.1700 support against the US Dollar.
  • There is a bearish trend line with resistance at 1.1735 forming on the hourly chart of EURUSD.
  • Recently in the Euro Zone, Read More →

USDCHF – US Dollar Following Ascending Channel Vs Swiss Franc

Key Points

  • The US Dollar remains in an uptrend above the 0.9700 handle against the Swiss Franc.
  • There is an ascending channel pattern with support at 0.9720 forming on the hourly chart of the USDCHF pair.
  • Recently in Switzerland, the Read More →