Currency Forecast

The latest CFTC report showed that speculators remain long US dollar across the board. Euro net positioning jumped from 81k short to 83k short following a dovish ECB and another series of...

I have never owned a house. In fact, in more than half a century of being alive I have never held a deed to anything more valuable than a couple of rusted out 1990 Honda Civics. My life has resembled...

The UK parliament votes later today on Prime Minister Theresa May’s latest version of a Brexit deal. She was able to obtain some last minute concessions from the EU that boosted the pound this...

Australian Q4 GDP came in at 0.2% below the 0.5% expected. The RBA forecast was 0.6%, which indicates that they may be out of touch with the reality on the ground. Overnight RBA Governor Dr. Lowe...

GBP/USD GBPUSD is showing first signs of weakness following the short squeeze in February Cable was rejected at 1.3350 resistance and is approaching a major support area between 1.3110 and...

A much-hoped-for trade deal between the world's two largest economies is closer than ever, and China's yuan is strengthening. An integral part of the deal is China’s concessions to play by the...

Originally published by AxiTrader The commodity currencies are benefiting from both a broad US dollar weakness, as well as an increase in risk appetite amid renewed optimism about a potential trade...

The Fed's messages are a powerful driver for the U.S. dollar. The market's initial dovish interpretation of the Fed's 'patience' with further rate hikes and 'flexibility' regarding balance sheet...

Originally published by Blueberry Markets As we know the RBA released their meeting minutes this week with no real change in tone. Uncertainty remains the same here as the RBA remain concerned over...

Originally published by AxiTrader Prime Minister Theresa May suffered an embarrassing defeat on her Brexit strategy last week after supporters in her Conservative party refrained from voting with the...

Originally published by AxiTrader It was another humiliating defeat for Theresa May in Parliament last Thursday. Brexit headlines are poised to remain the major driver of its currency in the upcoming...

Originally published by AxiTrader No matter if you are trading the global FX markets using technical analysis or fundamental analysis, referring to and using the economic calendar is critical. The...

Originally published by AxiTrader The Bank of England (BOE) kicked the can down the road, by deciding to hold interest rate at 0.75% on 7th February 2019. The next rate decision will release on 21...

Canaries were carried down a coalmine in cages to alert the minors to dangerous fumes. If the canary died then it was an early warning of poisonous gasses. In modern markets there are several...