Currency Forecast

The Federal Reserve took a big step in its battle with inflation today when it announced plans to taper asset purchases by $60 billion a month. In November, it was cutting purchases by $15...

Currencies and equities have been consolidating ahead of Wednesday’s Federal Reserve monetary policy announcement. It is the most critical event risk of the week and the most likely catalyst for...

Buckle your seatbelts and brace for some big moves in the markets this week. Everything from equities, currencies to Treasuries and crypto have been itching for breakouts. With five major central...

This article was written exclusively for Investing.comThe Dollar Index has been consolidating its recent gains around the mid-point of the 2020-2021 drop over the past few weeks or so. Today, there is...

The U.S. dollar traded higher against all of the major currencies Thursday with the exception of the Japanese yen. The Federal Reserve meets next week and faster removal of policy accommodation is...

There is a very clear quadruple top pattern in USD/CAD from 1.2850. Investors have been snapping up Canadian dollars ahead of Wednesday’s monetary policy announcement. The Bank of...

Job growth in the U.S. slowed significantly last month, with non-farm payrolls rising by only 210,000 in November, down from 546,000 in October. This was less than half of the 550,000 consensus...

This article was written exclusively for Investing.comThe FX markets have been fairly quiet given how volatile the equity markets have been. As another week draws to a close there is still a lot of...

Currencies and equities sold off sharply today after Federal Reserve Chairman Jerome Powell said: “It is time to retire the word transitory regarding inflation.” Investors bid up the...

The U.S. dollar soared against all of the major currencies after President Joe Biden officially renominated Jerome Powell as Federal Reserve chairman. Dr. Lael Brainard, the only other realistic...

Investors bought U.S. dollars after retail sales rose for the third month in a row. The increase in demand was widely anticipated, but the increase in overall spending along with spending...

Currency investors, made increasingly optimistic by yesterday's direct talks between US President Joseph Biden and China's President Xi Jinping, pushed the USD/CNY toward its highest levels since...

One of the most important things that recent currency movements have confirmed is that fundamentals matter. The euro dropped to its weakest level since June 2020 because the European Central Bank is...

Consumer spending expanded by a mere 1.6% for the last quarter, a severe fall-off from the 12% growth in the second quarter. Since consumer spending makes up 69% of the $23.2 trillion US economy, this...