Analysis: Currencies

Currencies: The dollar remains strong

After several months in which markets moved to the beat of geopolitical tensions and then the oil shock, a new phase appears to be opening. The conflict in the Middle East is gradually fading from the...

Currencies: The Rally is Confirmed

After several months dominated by geopolitical risk, markets are gradually returning to their fundamentals. The retreat in oil prices, following the easing of tensions in the Middle East, removes a...

Currencies: The Dollar Hits a Key Level

Markets likely experienced a pivotal week. After several weeks dominated by concerns over the Strait of Hormuz, soaring energy prices, and the return of inflation, investors are beginning to see a way...

Currencies: Support for the Dollar Is Fraying

The markets have probably just navigated a pivotal week. After several weeks that were dominated by anxieties over the Strait of Hormuz, surging energy prices, and the return of inflation, investors...

Currencies: The Dollar Regains Momentum

The market is entering a more delicate phase. Since its late-March lows, the S&P 500 has rallied nearly 20%, driven by a rare combination of exceptional earnings growth, artificial intelligence...

Currencies: Stabilization Across the Board

The market continues to navigate a paradoxical environment, in which rising inflation coexists with an economy that still refuses to slow down significantly. Despite the oil shock triggered by the...

Currencies: A Welcome Breath of Fresh Air

Markets found some breathing room this week, though the primary catalyst remains unchanged: developments in the Middle East conflict and, specifically, the prospects for a gradual reopening of the...

Currencies: Inflation rears its ugly head

Markets are currently navigating a phase far more complex than a simple risk-on/risk-off scenario. The real issue is no longer just the war in Iran or the surge in oil prices, but rather how this...

Currencies: Market begins to look beyond the oil shock

The dollar remains supported by a high interest rate environment, although the markets are gradually shifting away from a narrative that is purely dominated by the energy shock. After several weeks...

Currencies: Heading towards a pivot, but lacking a decisive catalyst

The dollar is entering a more hesitant phase as the market navigates between the gradual normalization of the energy shock and persistent geopolitical uncertainties. After being bolstered by rising...

Currencies: Between Easing Oil Prices and the Return of the Monetary Cycle

The dollar is entering a more fragile phase as the market begins to glimpse a potential de-escalation on the energy front. Having been bolstered for several weeks by rising oil prices and the...

Currencies: The Dollar Loses Some of Its Support

The dollar is entering a more directional phase, yet one that remains contingent on a key factor: oil. After several weeks of extreme tension linked to the Iranian conflict, the market is beginning to...

Currencies: Unstable Equilibrium in an Oil-Dominated Regime

The dollar is navigating a transitional environment, caught between an oil-driven inflationary shock and a global economy that - for now - remains resilient. Unlike typical periods of market stress,...

Currencies: Oil-Driven Inflation

The dollar is navigating a particularly ambiguous environment, caught in a pincer movement between an oil-induced inflationary shock and the absence of a genuine flight to quality. Unlike typical...

Currencies: Between Hopes of De-escalation and Energy Realities

Markets are navigating a pivotal phase where geopolitics dictate the tempo, while the real economy remains resilient. The conflict with Iran continues to set the tone, based on a simple equation: as...

Currencies: Markets Enter a Moment of Truth

Oil, central banks, and war: markets are no longer driven by liquidity, but rather by crude oil and geopolitics. The conflict in the Middle East and tensions surrounding the Strait of Hormuz continue...

Currencies: All Eyes on Hormuz

Military intervention against Iran continues to favor the dollar, which is enjoying another consecutive week of gains amid rising bond yields. As long as the Strait of Hormuz remains closed to...

Currencies: At a Crossroads

The blockade of the Strait of Hormuz is beginning to have consequences that go beyond a simple spike in crude prices. Yet none of the forces involved has any interest in prolonging the military...

EURO / US DOLLAR (EUR/USD): The euro retreats sharply

Recent geopolitical developments are reshuffling the pack and giving the dollar some breathing room. Not because of US economic expansion , but above all as a defensive move. On the one hand,...