Currency Forecast

What started off as a strong day for risk appetite turned into losses for currencies and equities. The Dow Jones Industrial Average and NASDAQ hit record highs at the start of New York trade but shed...

Economists and investors could not have been more wrong about today’s U.S. jobs report. The U.S. dollar traded sharply lower against all of the major currencies on the back of what can only...

Non-farm payrolls are due for release on Friday, and the U.S. economy is expected to add nearly 1 million jobs. If the NFP numbers rise by 978,000, the current consensus forecast, it would be the...

Next to Friday’s non-farm payrolls report, tomorrow’s Bank of England monetary policy announcement is the second most important event of the week. Like the Reserve Bank of Australia, the...

The U.S. dollar kicked off the first trading day of May with broad-based losses. On Friday, U.S. non-farm payrolls are due for release, and with the labor department expected to report a...

Month end flows drove the U.S. dollar higher against all of the major currencies on Friday. The month of April was a challenging one for the greenback. The Dollar Index dropped from 93.30 to...

EUR/USD soared to seven-month highs today for the following reasons: 1.    The Fed failed to live up to expectations. It says now is not the time to talk taper2.    German...

After selling off throughout the month of April, the greenback finally rebounded on the eve of the Federal Reserve’s monetary policy announcement. The U.S. economy is running hot ahead of the...

The euro traded sharply lower against the U.S. dollar after the European Central Bank’s monetary policy announcement. On a technical basis, EUR/USD rejected the 100-day SMA, an important...

Thursday’s European Central Bank monetary policy announcement is one of the most important event risks this week. With a seven-week gap between tomorrow’s meeting and the next, the...

Tomorrow’s Bank of Canada monetary policy announcement is a tricky one. On one hand, economic data has been very good. Job growth is strong, consumer spending is improving, the housing...

All of the major currencies traded higher on Monday as investors continued to drive the U.S. dollar lower. When a rise in Treasury yields, sell-off in U.S. stocks, strong payrolls and retail...

The U.S. dollar struggled to rally Thursday despite very strong U.S. economic reports. According to the latest releases, the U.S. economy roared back to life in March and early April. Retail...

The biggest news on Tuesday turned out to be concerns about the Johnson & Johnson (NYSE:JNJ) vaccine and not the U.S. inflation report. The country’s two health agencies (FDA and CDC)...