Weekly Economic & Financial Commentary: Almost Everything Coming Up Roses

Last week’s broad-based US dollar strength has dissipated ex-post US non-farm payroll data with the continuation of its underperformance against the GBP. The US labour market has started to show growing slack where the labour force participation rate has dipped to 62.5%, its largest monthly decline in almost three years and full-time unemployment recorded its […]

According to Reuters, on the sidelines of the World Economic Forum in Davos in January, the head of the Swiss National Bank (SNB) Thomas Jordan told the Swiss press that the appreciation of the franc creates problems for exporters. Thus, indicating intentions to weaken the CHF. His words in January seem to be in line […]

Current situation The Dollar Index closed last week at 100.55, its lowest level since July 2023. It has not been consistently below this level since April 2022. Technical analysis Although the change of monetary regime in the US is of fundamental importance, the bulls may launch a counterattack in the short term. On a weekly […]