Currency Forecast

The U.S. dollar is trading near multi-month lows against its major counterparts on expectations the Federal Reserve may slow down its hiking campaign. The pullback in the dollar index could extend on...

The rally in the U.S. dollar fizzles as China relaxes some of its COVID policies after widespread protests. Once the risks from China's strict zero-COVID policy lockdowns eased, traders refocused on...

The U.S. dollar peaked on Sept. 28, shy of 115.00. Another 5.5% rise would have taken the world reserve currency to its highest level since February 1986, after the September 1985 decision of the then...

The British pound has risen to a 3-month high against the U.S. dollar on expectations that the Federal Reserve could slow the pace of interest rate hikes and a new U.K. Government budget proposal. The...

GBP/USD boosted by dollar weakness, risk-on  Several test long-term 200-day averages after impressive recovery Potential for reversal, but bears must see bearish signal first A number of...

USD/JPY looks heavy on the daily, where we’ve broken below rising trend support (drawn from the May swing) and out of the I-cloud, which price was hugging from mid-Nov.We can see a marked...

Despite a goal-rich start at the World Cup in Qatar, markets are all about defense right now. New Covid restrictions in China are fuelling a return to the safe-haven dollar while investors wait for...

The dollar is tumbling from multi-decade highs. Calling the FX market in 2023 requires taking a view on the Federal Reserve, the war in Ukraine, China, and the overall investment environment. We...

EUR/USD is attempting to keep its head above the key near-term resistance after staging a near 8% rally off November lows. The U.S. dollar pushed back on Thursday after new U.S. retail sales data...

Concerns of a widening Russia-Ukraine conflict increased today after Poland claimed a Russian rocket landed on a Polish village, killing two Polish citizens. However, President Joseph Biden later...

The dollar is inching lower again this morning and we think the ongoing correction could extend a bit more as optimism on US-China relations appears to be lifting sentiment. That said, a broader and...

Whilst supply runs its course this week, and the macro-focused participants await US CPI tomorrow, one development that has caught our attention is the sharp tightening of swap spreads. There...

The dollar remains in correction mode and the market is watching the news from China regarding the approach to its Covid-19 policy. Today's market focus will be on the US mid-term elections. We expect...

Repeated intervention fails to deliver intended impact on yen Dollar remains supported thanks to a very hawkish Fed USD/JPY holding above key support in a strong bullish trend Speculation over China...