Currency Forecast

With less than 24 hours to go before the next U.S. jobs report, it was finally time for investors to take profits on overstretched equity positions. The fragile U.S. recovery fails to justify...

The record-breaking moves in the S&P 500 has drawn investors into U.S. assets and, in turn, the U.S. dollar. The greenback extended its gains against all of the major currencies on Wednesday,...

At the start of the New York trading session, EUR/USD raced above 1.20, but this psychologically significant level was rejected quickly and aggressively. The reversal is no surprise given this...

For forex traders, Thursday’s Jackson Hole speech by Federal Reserve Chairman Jay Powell is the most important event risk this week. Despite a continued rise in U.S. yields, investors sold...

At the start of the New York trading session, investors were buying currencies and equities. The S&P 500 and Dow Jones Industrial Average climbed to record highs, leading high beta currencies...

It is the last week of August, and during this time of the year the markets are normally very quiet. Most people are off enjoying the final bits of summer and spending time with their families...

Currencies and equities traded higher on the back of better-than-expected economic data and reports from Russia that it has won the global vaccine race. While Russia announced the world’s...

This new trading week kicked off with fresh gains for equities but a rally in stocks failed to translate into strength for currencies. The Dow Jones Industrial Average moved higher for the...

The U.S. dollar traded lower against all of the major currencies Wednesday, a sign that FX traders are worried about Friday’s nonfarm payrolls report. With ADP reporting significantly...

The U.S. dollar resumed its slide on Tuesday in what may turn out to be a very short-lived recovery. There were no U.S. economic reports on the calendar, but 10-year Treasury yields resumed their...

After falling sharply in the month of July, the U.S. dollar kicked off the new month with a nice broad-based rally. The greenback traded higher against all of the major currencies despite mixed...

July was a very difficult month for the U.S. dollar. The greenback sold off sharply against all of the major currencies, hitting multi-month or multi-year lows in the process. In one month, it...

Currencies and equities traded lower on the back of the biggest quarterly drop in U.S. GDP ever. The U.S. economy contracted 32.9% on an annualized basis in the second quarter. Americans have never...

For the past week, investors have been selling U.S. dollars and, unfortunately, today at the July Federal Reserve monetary policy announcement, Jerome Powell’s team failed to shift the...