Currency Forecast

Looking at the EUR/USD chart, a double-bottom formation seems to be forming. This comes amid the ECB avoiding talk of further cuts. At the end of the week, important data from the US can spark moves...

Here are 5 reasons explaining why the Japanese Yen is so weak

The US dollar has reached a two-month high. Key market movers this week include the PCE inflation data and comments from Fed officials. The euro struggles amid political uncertainty in Europe, while...

Warning! It may not happen but you need to beware of potential Japanese Yen Intervention risk on June 19. Here's why: 1. Juneteeth US holiday 2. USD/JPY takes out 158 3. Weaker US data and lower US...

The US dollar fell modestly after a weaker-than-expected retail sales print, helping to lift FX pairs like the GBP/USD off their earlier lows, albeit modestly. The GBP/USD has not gone anywhere fast...

BoE is set to decide on monetary policy on Thursdaay. Consensus assumes the central bank will hold steady at least until UK general elections. But a dovish surprise is always in the cards and may...

From its high point on Friday to its lowest so far this week, the EUR/USD has fallen about 170 pips, or 1.57% in the pace of two and a half sessions. Friday’s drop was triggered by a stronger US jobs...

Several factors are weighing on the EUR/USD at the moment. Strong US labor market data, along with political uncertainty in the EZ has put the currency pair under pressure. Can EUR/USD hold support...

Dollar surges after strong jobs data, defying earlier weakness. Key inflation data and Fed decision this week could determine dollar's direction. Euro has weakened against the resurgent dollar and...

After a data-driven slump on Monday, the US dollar has since been a little stronger against most major currencies and was holding in the positive territory at the time of writing in the mid-morning...

ECB decision this week could affect euro pairs, with EUR/GBP in focus. EUR/GBP is at a critical support level, and the ECB's decision could trigger a rebound. Meanwhile, GBP/USD is on an upward...

Expectations for a Fed rate cut have strengthened somewhat. ECB is almost certain to cut interest rates this week and eyes will be on Lagarde. Meanwhile, the Japanese Finance Ministry report...

The EUR/USD lost its earlier gains on Tuesday, before dropping slightly in the first half of Wednesday’s session following the release of a weaker-than-expect German CPI report. Meanwhile, the US...

The EUR/USD pair is experiencing a short correction upwards but remains within a broader downtrend. Meanwhile, the policy divergence could occur between the Fed and the ECB depending on the Eurozone...