Currency Forecast

Eurozone and German inflation hit double digits Stagflation and energy crisis pose great risk to EZ economy Fed continues hawkish rhetoric, keeping dollar supported on dips The EUR/USD is likely to...

In response to Prime Minister Liz Truss' defense earlier today of Friday's massive package of unfunded tax cuts that rocked markets, the pound sterling lost two days' worth of gains, and UK gilt...

Events in the UK yesterday marked the first time this stagflationary macro environment risked evolving into a financial crisis. Fortunately, the Bank of England intervened aggressively in the Gilt...

The U.S. dollar continues to power ahead. Over the last 24 hours, the focus has switched from the pound to the Chinese renminbi. Here, there are signs that authorities are acquiescing to a weaker...

Unlike equity markets, where a fall of more than 20% from a peak is called a bear market, definitions in FX markets are somewhat looser. Suffice it to say that GBP/USD is the worst-performing G10...

GBP/USD crashed to a record low and then bounced Fears over mismanagement of UK economy high, but will BoE act? Volatility means lots of trading opportunities for short-term speculators The pounding...

All eyes on FOMC – expect a 75bp rate hike with a hawkish tone Russian aggression will keep euro under pressure Acceptance below parity is another sign of weakness for EUR/USD There is no end in...

The Swedish Riksbank today kicks off a busy week of central bank policy meetings, which should see chunky 75bp hikes in many countries. Central bankers pressing more firmly on the monetary brakes will...

Repricing of interest rates has seen US dollar surge CAD victim of drop in risk appetite and oil prices Breakout above key resistance means path to the upside The USD/CAD has finally joined the other...

As the stars aligned, the euro climbed for the fourth day out of five to near a four-week high.Monetary Policy DecisionThe 25 members of the governing council of the European Central Bank (ECB)...

Improved risk appetite lifts euro  EU Energy Ministers discussing caps for Russian oil and gas EUR/USD chart still bearish The EUR/USD was up 1% this morning, showing some follow-through in...

The idea of understanding ‘what’s priced in’ has been seen front and center this week, and it’s a science all traders should try to understand – Case in point, the ECB...

Surging LNG prices, widening interest rate differentials are denting yen  USD/JPY, a measure of dollar strength, is near 32-year highs Nikkei has sharply outperformed other markets  As the...

Inflation in the euro area hit another record. Consumer prices jumped 9.1% annually.The data sparked calls for a hefty interest rate hike. European Central Bank (ECB) Governing Council member Joachim...