Currency Forecast

CAD/JPY posted a false breakout last week above the 88.00 level. At that time, the divergent and overbought RSI suggested the pair would pullback. As we drop back towards the 61.8% Fibonacci...

The first full trading week of April started quietly with many markets closed for Easter Monday. It wasn’t until the start of the New York trading session that the U.S. dollar started to move....

The most anticipated event risk this week was the March U.S. non-farm payrolls report. Nearly 1 million jobs were created, the most in seven months. Economists were looking for NFPs to rise...

Thanks to the Good Friday holiday and the long weekend, the foreign exchange markets should be quiet today. But the EUR/USD is one to watch in the days and weeks ahead, given the stark contrast in the...

After rising strongly in March, the U.S. dollar kicked off the month of April with losses against most of the major currencies. The sell-off was modest and represents nothing more than...

The Canadian dollar has reversed directions on Thursday. Currently, USD/CAD is trading at 1.2577, up 0.13% on the day.Ontario lockdown snuffs out CAD mini-rallySince the start of 2021, the Canadian...

The US Dollar Index traded sharply higher against all of the major currencies on Tuesday, with the latest gains taking the greenback to fresh one-year highs against the Japanese Yen and...

The Canadian dollar has lost ground for a second straight day. Currently, USD/CAD is trading at 1.2634, up 0.35% on the day. Earlier in the day, USD/CAD touched a high of 1.2674, its highest level...

It has been a great week to be long U.S. dollars. The greenback traded higher against all of the major currencies, and these gains drove the Dollar Index to its strongest level in four...

This article was written exclusively for Investing.comThe USD/CAD has hit resistance again after staging a decent recovery in the past few days. But given the US dollar’s recent good run of form...

Stronger than expected economic reports drove the U.S. dollar higher against all of the major currencies. There’s no question that of the G3 currencies (USD, EUR and JPY), the U.S. is leading...

Of late, currency analysts in China have become vehemently bearish on the US dollar, citing America's rising debt load, in particular the recent, massive, Biden administration fiscal aid package and...

The U.S. dollar traded higher against most of the major currencies Tuesday despite weaker new home sales and cautious comments from Federal Reserve Chairman Jerome Powell. Along with his peers, Powell...

One of the best performing currencies today was the euro. After selling off quickly and aggressively in the first week of March from a high of 1.21 to a low of 1.1835, the single currency quietly...