Currency Forecast

The further decline in USD rates means that it will now be up to activity data to trigger a recovery in the dollar. We have a couple of days packed with important US releases into the weekend, as well...

Ongoing correction in the USD/JPY pair could be coming to an end This comes at a time when BOJ's Adachi has dismissed rumors of a monetary policy shift Meanwhile, the recent GDP revisions have boosted...

In what we thought was going to be a quiet week for FX, the dollar has extended its recent losses. Driving those losses have been Fed speeches welcoming signs of slowing economic momentum and lower...

EUR/USD is eyeing the key 1.10 level, but we suspect that any breaks above that level will prove unsustainable as the rates picture remains broadly supportive for the dollar until the US growth...

At the start of a quiet week for data, the dollar is hovering near recent lows. However, we do not think this is yet the start of the big, cyclical turn lower in the dollar we expect for next year....

PMIs came in stronger than expected in the eurozone and the UK yesterday and will be released in the US today. Despite the notion that eurozone growth pessimism may have peaked, rate differentials...

How to Use CFTC Commitment of Traders (COT) Report to Trade FOREX

The Thanksgiving holiday means thin volumes and no US data releases today. We expect some stabilization in EUR/USD after strong jobless claims fuelled the dollar rebound. Still, eurozone PMIs might...

EUR/USD outlook positive as dollar and yields fall FOMC minutes and global Flash PMIs among key macro highlights EUR/USD technical analysis: Bullish momentum could lift the pair towards 1.10 The...

The US dollar has continued its decline, reaching a two-month low at 103.6, driven by expectations of a Fed pause in rate hikes and potential future cuts. DXY faces technical challenges as it...

The dollar has entered a consolidative phase, but yesterday’s price action gave us a glimpse of what could be more regular price action next year. EUR/USD got a brief lift yesterday from the...

The dollar continues to claw back some of Tuesday's losses after US October retail sales suggested that the consumer is still spending. Also helping has been the Senate's support of a stop-gap funding...

A couple of weeks ago, we highlighted the US Dollar as an asset ready for a big move.King Dollar was trading sideways and at important price resistance, so something had to give. Today, we...

The dollar plummeted yesterday after a softer-than-expected US CPI reading. But we still think a turn in activity data - more than the disinflation story - is needed to take the dollar sustainably...