Currency Forecast

This article was written exclusively for Investing.comFollowing its big recovery in 2020, GBP/USD has started to look bullish again after a period of consolidation. Is the cable finally ready to clear...

The three most important event risks on this week’s calendar are FOMC, U.S. first quarter GDP and Eurozone first quarter GDP. On Wednesday, we learned that while the Federal Reserve is...

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...

Unlike the US Federal Reserve, which has been going out of its way to assure investors it won't be raising rates anytime soon, Russia’s central bank hiked interest rates on Apr. 23, for the...

The U.S. dollar performed extremely well in the first quarter of 2021, but the second quarter, so far, has been more challenging. Since the beginning of the month, investors have been selling U.S....

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...

The greenback is back in the game again! Since the end of February, the US dollar has been gaining against a basket of major currencies, like the euro, British pound and Japanese yen. As of March 9,...

The Canadian dollar continues to drift this week. In the Tuesday session, USD/CAD is trading at 1.2532, down 0.02% on the day.Will BoC Hit The Taper Button? All eyes will be on the Bank of Canada...

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...

Right now, the US dollar is languishing at a monthly low. That's because yields also fell in the same proportion over the same period.Among other catalysts, the slump also comes courtesy of the...

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)...

The euro kicked off this busy trading week with modest gains against the US dollar. Despite continued lockdowns in some of the region’s biggest economies, slow vaccine rollout and lower...