Currency Forecast

Markets have reassessed the risks to European lenders and looked considerably less concerned as markets re-opened on Monday. If this calm in Europe continues, monetary policy divergence is what may be...

While most investors were trying to gauge the Federal Reserve’s next moves in light of recent bank failures last week, something interesting happened in Moscow.During a three-day state visit,...

The recent failure of two US banks, SVB and Signature, have understandably triggered a major re-appraisal of Fed tightening prospects. This has seen two-year EUR/USD swap rate differentials move to...

The S&P 500 closed down 1.8% yesterday led by financials (-4%). Heavy losses for SVB Financial (NASDAQ:SIVB), a California-based lender to the venture capital industry, are raising questions over...

The USD/CHF has stalled ahead of the US jobs report on Friday, as the dollar bulls pause for a breather. But the path of least resistance remains to the upside for the greenback, as I have explained...

Fed Chair Powell opened the door to a 50bp hike and hinted at a higher peak rate in his semi-annual testimony. This was a reminder that picking the top in the dollar rally remains too risky....

USD: How Strong is the US Economy and What Will the Fed Do About It? After a few weeks where US price data has taken centre stage, this week will all be about activity data and Fed speak. On the...

The USD/JPY and other yen crosses remain supported thanks to a hawkish Fed, mostly stronger than expected US macro data, and recent dovish comments from the new BOJ Governor. In this short video,...

USD/JPY is picking up some upside momentum once again after BOJ leadership candidate Kazuo Ueda appeared in front of parliament last week. He supported the current ultra-loose monetary policy as...

USD: A delicate balance Another day and another piece of positive US activity data. Yesterday saw a strong January retail sales release. Though boosted by warmer weather, the data still positively...

While the US Dollar Index remains above 100, it is possible that King Dollar may have put in a top.And not just any old top…but a monster top. Of course, we are having some fun here, but King...

A key takeaway from the recent fluctuations in major G10 pairs is that, at this stage, data matters much more than central bank communication. The mass of hawkish comments - ranging from modest to...

USD/JPY moved higher earlier this week on rumors that the Japanese government has approached Bank of Japan (BoJ) Deputy Governor, Masayoshi Amamiya, regarding the possibility of succeeding current...

Jay Powell did not rock markets as he acknowledged more strong data can imply a higher peak rate but still appeared to be hanging on to the disinflation story. The dollar still faces moderate upside...