Currency Forecast

Wednesday’s U.S. economic reports were terrible. Retail sales fell 8.7%, the largest one-month decline ever. The Empire state manufacturing survey also hit a record low of -78.2, but,...

Last week, after several inter-meeting interest rate cuts by the Reserve Bank of Australia, the RBA left rates unchanged at 0.25% at its regularly scheduled meeting and said it will do nothing until...

Investors sold U.S. dollars on Tuesday ahead of two very important economic releases – retail sales and the Beige Book. The overriding view is that nothing good will come out of these...

Tomorrow, much of the world is on holiday, celebrating Good Friday. Many stock and bond markets around the world will be closed, such as the U.S., UK, Germany, France, Spain, Italy, Australia, and...

There’s a lot to talk about today. Equities traded sharply higher on the back of another big announcement from the Fed. The greenback traded lower in response against all of the major...

Overview: Three deals need to be struck. First, the Eurogroup of finance ministers needs to reach an agreement of proposals for joint action to the heads of state. Second, oil producers need to cut...

Equities and currencies traded higher today after Dr. Anthony Fauci, director of U.S. National Institute of Allergy and Infectious Diseases, said there could be a COVID-19 turnaround next...

Early signs of COVID-19 curve flattening in Europe and the U.S. kicked off with a relief rally in currencies and equities this morning. USD/JPY jumped above 109 as AUD/USD and NZD/USD rose nearly 2%....

The U.S. economy is in trouble and nothing shows that more than today’s jobless claims report. More than 6.6 million people filed for unemployment benefits last week, doubling expectations....

If the first day of April is a taste of what’s to come, it will be a very rocky second quarter. After falling more than 24% between January and March, the Dow Jones Industrial Average opened...

The global crisis over the coronavirus pandemic has provoked significant demand for the U.S. dollar as investors worldwide massively unwound risk positions in favor of safe havens — chiefly...

The first quarter of 2020 was the worst first quarter in the 135-year history of the Dow and is finally over. COVID-19 reared its ugly head in the last three months, hitting China first and then...

The euro snapped a six-day rally to start the week lower against the U.S. dollar. Over the past month, the moves in EUR/USD have not been for the faint of heart. The single currency surged from a...

A classic example of stopping volume on the 30-minute chart for CAD/JPY with the pair having been under pressure for some time as the rout in oil continues. However, in this example we see...