Currency Forecast

Ahead of tomorrow's US jobs data release, the short-term highlight in the FX market is the continued outperformance of the yen. This has nothing to do with a risk-averse environment (asset markets are...

The EUR/USD faces a key test in the next week and a half. We will have lots of key data and rate decisions from both the Federal Reserve and European Central Bank to come during this period. Ahead of...

The dollar has shown resilience after disappointing JOLTS job openings data yesterday, leaving EUR/USD under pressure as the euro’s idiosyncratic negatives fuel bearish momentum. Today, the Bank...

Gold has retreated after hitting all-time highs The yellow metal retreated as soon as sellers piled in to push the price lower Bulls need to hold their ground above $2020-30 to mount another attack on...

Markets have scaled back some dovish bets on the Fed at the start of this week, perhaps starting to position more cautiously ahead of a Fed pushback and key data releases. Today, JOLTS and ISM...

November brought a correction to the Dollar Index, and eventually, it found stability around the 103 level. EUR/USD on the other hand is awaiting signals from Lagarde's speech to determine next...

OPEC+ and soft eurozone inflation triggered a dollar rebound yesterday, but short-term rate spreads were already pointing to a weaker EUR/USD before then. Today, the focus will be on the US ISM...

The further decline in USD rates means that it will now be up to activity data to trigger a recovery in the dollar. We have a couple of days packed with important US releases into the weekend, as well...

In what we thought was going to be a quiet week for FX, the dollar has extended its recent losses. Driving those losses have been Fed speeches welcoming signs of slowing economic momentum and lower...

EUR/USD is eyeing the key 1.10 level, but we suspect that any breaks above that level will prove unsustainable as the rates picture remains broadly supportive for the dollar until the US growth...

At the start of a quiet week for data, the dollar is hovering near recent lows. However, we do not think this is yet the start of the big, cyclical turn lower in the dollar we expect for next year....

PMIs came in stronger than expected in the eurozone and the UK yesterday and will be released in the US today. Despite the notion that eurozone growth pessimism may have peaked, rate differentials...

The GBP/USD managed to make back its losses from the day before and some. It was boosted by stronger-than-expected PMI data, which helped to push rates well north of the 1.25 handle to reach its...

How to Use CFTC Commitment of Traders (COT) Report to Trade FOREX