At present, the commodity currencies are more overvalued than any of their G10 counterparts at 15% in trade weighted terms, almost as much as they were a couple of years ago before they corrected substantially lower due to weaker commodity Read More →

Key Points

• The US Dollar is trading with a positive bias, and positioned well above the 1.00 support.
• There is a bullish trend line with support at 1.0050 on the hourly chart of USDCHF, which can be seen as a Read More →

Monday was a relatively quiet day with with the day’s economic docket scant of high impact data. The US was on holiday for Presidents’ Day as well, making volumes even thinner. This morning overall sentiment in Asia was positive with Read More →