Currency Forecast

The global tightening cycle continues in the next 24 hours with two central banks prepared to raise interest rates. In the Asia session, the Reserve Bank of New Zealand is widely expected to...

With the EUR/USD now on its sixth consecutive down day and just over 1 cent above the key 1.00 handle, it is clearly one of the important charts to watch today as it gets ever closer to...

The dollar extended a decline from a 20-year high, on lower than anticipated US economic data releases. The greenback slid on Friday after US consumer morale hit an all-time low, as measured by the...

This article was written exclusively for Investng.comFollowing the SNB’s surprise decision to hike rates by 50 basis points on Thursday, the USD/CHF tanked some 360 pips from the high to the...

By raising interest rates 75bp to 1.75% at its June monetary policy meeting, the Federal Reserve is telling us it is willing to risk recession for inflation. Not only did the central bank raise...

Both the U.K. and Eurozone are facing economic challenges, albeit differing ones. However, we expect the euro to outperform the pound sterling.Here are a few fundamentals to consider. First, Brexit...

The rising U.S. dollar has eased a bit today as bargain hunters seem to be returning to risk assets. US index futures contracts on Tuesday were all trading higher after Monday's tumble.The USD has...

Friday's US CPI print showed an unexpected YoY jump to 8.6% in May, extending April's 8.3% consumer price inflation rise. The accelerating increase in prices is pushing the Federal Reserve into the...

The U.S. dollar climbed to its highest level against the Japanese yen in more than 2 decades.The European Central Bank has a monetary policy announcement in less than 24 hours. Still, halfway through...

On Wednesday, the Reserve Bank of India holds its next policy meeting with an interest rate decision due at 12:30 AM EDT.Though a hike of anywhere between 25 and 50 basis points is anticipated, the...

Less than two weeks ago, we made a call about the US dollar heading into a correction. Now that it's in process, we believe, we're going to say that after the dollar reaches the target we suggested,...

Earlier this month, after US President Joseph Biden indicated he was reviewing the rollback of Trump-era China tariffs, market sentiment flipped back to risk-on, at least intermittently. Investors...

EURUSD has been bearish for 50 weeks but there are some concerns now. There is a bearish Engulfing pattern in weekly DXY which is below the resistance line so we may see a little correction.If you...

After a three-day selloff, the euro is extending its rebound to a second day. However, before traders conclude the single currency is bottoming, they should look at the following chart. The current...