Currency Forecast

My charts are still down today. DXY and AUD were basically stable. Oil took off and Treasuries were hit. Stocks loved it all. Here’s Credit Suisse (SIX:CSGN) with an outlook that I agree...

Inflation is cooling in the U.S. and the evidence sent the greenback tumbling against all of the major currencies. Consumer prices grew 0.3% in the month of August, down from 0.5% in...

September is a busy month. For investors, asset price movements will be determined by central bank rate decisions, employment reports and elections.  There are no monetary policy announcements...

The Australian dollar tried to rally Friday night but slammed back down as the Fed hinted that taper is go. That lifted DXY and EUR fell:   The Aussie popped and dropped:Gold sank but oil...

The European Central Bank has a monetary policy announcement on Thursday, and many investors are wondering if the euro will fall to the same fate as the Canadian and Australian dollars. Both...

Central bank meetings are creating more pain than gain for currencies this week. The Australian dollar shot higher immediately after the Reserve Bank’s monetary policy announcement but U-turned...

Forex markets sustained their counter-trend actions Friday night, and how. DXY fell like a stone while EUR and AUD are roaring:   It’s a pretty wild rally suggesting a short squeeze yet...

The forex market continued its recent counter-trend rally overnight as questions were raised over Biden stimulus plans. My charts are down today but AUD is sitting at 0.74 cents as DXY...

Forex markets are settling into a comfort zone that excludes the Fed taper. DXY has confirmed a false breakout and EUR is up:   The Australian dollar has given back all taper losses:However, the...

The U.S. dollar sold off against most of the major currencies after ADP’s employment report raised red flags for non-farm payrolls. U.S. yields turned lower once the report was released and the...

Forex markets are range trading again. Except for the Australian dollar which took flight on RBA hot air. US Dollar Index was firm and EUR/USD soft:   The Australian dollar made news highs across...

The U.S. dollar snapped higher on Tuesday when Treasury yields surged right before the London close. It is difficult to pinpoint the exact catalyst, as today’s U.S. economic reports were mostly...

Forex markets calmed down last night as US Dollar Index firmed and EUR plus AUD fell:   The Australian dollar eased on all crosses:Most commodities fell:Except for the copper bubble:Big...

Fake outs are more likely than breakouts in the foreign exchange market this week. This is the last week of August and, for many, it is synonymous with the end of summer. With final outings to...