Currency Forecast

US dollar strengthens amidst positive economic data, eyes critical resistance levels Federal Reserve's rate cut expectations challenge dollar's rally Japanese yen faces pressure as USD/JPY approaches...

The FOMC day is finally here, and all the attention will turn to the Fed’s latest economic projections and Powell’s press conference.Major currency pairs like the EUR/USD, gold and indexes...

GBP/USD is approaching a key support level ahead of the Fed and BoE meetings. The BoE is very unlikely to consider rate cuts before the Fed and the ECB. Meanwhile, Fed's hawkish stance could keep the...

An important Bank of Japan meeting is around the corner and Interest rates may go up finally. Meanwhile, the US CPI continues to stabilize above 3%. USDJPY Tests an important zone in the 146-147 yen...

The U.S. Dollar continues to be the most powerful currency in the world. And for this reason, it’s also the most watched.When the dollar is on the move, it can have an effect on the various...

Last week, the dollar faced selling pressure, reaching its lowest level in 7 weeks after the nonfarm payrolls data. Concerns about potential interest rate cuts by the Fed led to a correction, but...

The EUR/USD faces a crucial period with the ECB rate decision today, setting the stage for a directional move. The US dollar weakening suggests a potential short-term peak, creating a favorable...

The EUR/USD is testing the supply zone near 1.0870 again. This comes amid more hawkish statements from the Fed officials. As the pair approaches a key resistance, we will take a look at the bullish...

The Dollar Index retreats as market attention shifts to job data and Fed President Powell's remarks, impacting its trajectory. The EUR/USD pair faces a crucial juncture after Euro-zone inflation...

The RBNZ changed its tone only moderately, keeping the threat of another hike on. However, NZD fell and AUD also declined after lower-than-expected CPI. We think Australia and New Zealand have...

January CPI data in Japan confirmed inflation remains above the Bank of Japan's 2.0% target. The yen “survived” the release, but remains around very weak levels and in FX intervention...

The US dollar index stabilized around 103.8 in the latter part of February, supported by strong January inflation data and the market's reluctance to anticipate interest rate cuts by the Federal...

We expect an above-consensus 0.4% core PCE read on Thursday, which should support the dollar this week. Eurozone inflation numbers will also be in focus. We expect a decline in the core rate below...

The Nvidia (NASDAQ:NVDA) led equity rally may now have to face the reality of higher rates, and we suspect high-beta currencies are at risk of corrections. Today, the focus will remain on Germany's...