Currency Forecast

We have been bearish on the US dollar for a long time. Now, the USD is gearing up to head lower, to the 90.00 target discussed}} in August.This morning, though equity markets were buoyed by an...

The last full trading week for 2020 will be a busy one. There are four central bank meetings, December PMIs, and employment and consumer spending reports from many countries on the calendar. In...

Currencies were driven lower on Friday on fading hopes for Brexit and U.S. stimulus deals. For most of this year, investors believed that the UK would eventually cave and agree to an orderly exit...

This article was written exclusively for Investing.comThe European Central Bank had a chance to shoot the EUR/USD down, but blew its chance and I think this has potentially paved the way for a rally...

The euro resumed its rise against the U.S. dollar after the European Central Bank boosted asset purchases on Thursday. Having telegraphed its plans to ease as far back as October, today’s...

Thursday’s European Central Bank monetary policy announcement is the most important event risk this week. The ECB is widely expected to ease monetary policy, making it one of the few...

The pound sterling plunged 1.3% at 5 AM EST Monday, wiping out the gains it took 12 sessions to muster. This is the British currency's worst tumble in nearly three months, since the 1.5% drop on Sept....

One of the most important pieces of data this week was November nonfarm payrolls. The softer release should have sent the U.S. dollar tumbling lower but instead the greenback ended the day sharply...

Against all odds, the euro climbed to its strongest level versus the U.S. dollar in more than two years. Not only was the single currency the day’s best performer, but it surged well above 1.20,...

The U.S. Dollar Index plummeted to a 2.5-year low on Monday as investors worry about rising virus cases, fresh lockdowns, holiday spending and the Federal Reserve. With U.S. virus cases topping 4...

The article was written exclusively for Investing.comThe GBP/CHF might not be everyone’s cup of tea, but THIS cup and handle formation certainly makes it a market for bullish speculators to...

Traditionally, investors expect the financial markets to be quiet and consolidative during shortened trading weeks. There’s usually less participation and less liquidity as investors square...

The US dollar extended its slide against all of the major currencies on Friday despite the recovery in stocks. As we’ve often said, currency traders are generally more cautious than...

This article was written exclusively for Investing.comThis week’s star performer in FX, the Turkish lira, continued to push higher on Friday, as it extended its gains to more than 10% against...