Currency Forecast

All eyes on FOMC – expect a 75bp rate hike with a hawkish tone Russian aggression will keep euro under pressure Acceptance below parity is another sign of weakness for EUR/USD There is no end in...

Repricing of interest rates has seen US dollar surge CAD victim of drop in risk appetite and oil prices Breakout above key resistance means path to the upside The USD/CAD has finally joined the other...

As the stars aligned, the euro climbed for the fourth day out of five to near a four-week high.Monetary Policy DecisionThe 25 members of the governing council of the European Central Bank (ECB)...

Improved risk appetite lifts euro  EU Energy Ministers discussing caps for Russian oil and gas EUR/USD chart still bearish The EUR/USD was up 1% this morning, showing some follow-through in...

Surging LNG prices, widening interest rate differentials are denting yen  USD/JPY, a measure of dollar strength, is near 32-year highs Nikkei has sharply outperformed other markets  As the...

Inflation in the euro area hit another record. Consumer prices jumped 9.1% annually.The data sparked calls for a hefty interest rate hike. European Central Bank (ECB) Governing Council member Joachim...

The euro has posted gains today and briefly punched above the symbolic parity line. In the North American session, EUR/USD is trading at 0.9978, up 0.11%.German Business Confidence DipsIt seems that...

US Dollar could weaken on profit taking in light of poor data   All eyes and ears on Jackson Hole and Powell speech on Friday  Bullish engulfing at prior lows points to at least a short...

FundamentalsWhile Eurozone inflation surged to US levels, the euro has three primary disadvantages versus the dollar:Interest rate differentials Recession Ukraine conflict Interest Rate...

GBP/USD falls despite stronger-than-expected UK growth data Overall trend still somewhat positive for cable  Most of the bad news already in price The GBP/USD extended its declines for the...

Falling oil prices and bond yields is good news for yen Dollar weighed down by concerns about US economy, peak inflation Cracks starting to appear in USD/JPY charts The USD/JPY will be in sharp focus...

The Swiss franc has gained against the dollar for the past three months, the longest stretch since 2020.The rally began in May as spiking volatility in global financial markets sent investors into...

EUR/USD pauses at parity Potential for short squeeze rally Will ECB deliver a surprise 50bps hike?  The EUR/USD has been in focus this week as it descended towards parity before breaking it and...

The Bank of Canada shocked investors Wednesday, raising interest rates by 100bp, the largest single-month increase for the central bank in 24 years. Going into the meeting, investors anticipated a big...