Currency Forecast

For the past few weeks investors have been focused on the U.S. recovery and its impact on the U.S. dollar. They were sorely disappointed when nonfarm payrolls and retail sales came out well under...

Forex traders were unfazed by weak data on Friday as currencies and equities extending their recoveries. Consumer spending stagnated in the month of April after soaring in March. Excluding the costs...

This article was written exclusively for Investing.comIt has been a volatile week as a bigger-than-expected jump in US CPI raised tightening concerns mid-week. But as we start the last day of the...

Stocks rebounded sharply Thursday, but the muted price action in currencies suggest that FX traders are not convinced the selling is over. The U.S. dollar gave back a small portion of...

The U.S. dollar soared on Wednesday on reports that consumer prices rose at their fastest pace since 2008. Federal Reserve Chairman Jerome Powell warned about a temporary rise in prices, but no one...

Stocks sold off sharply on Tuesday, with the Dow Jones Industrial Average dropping more than 1% and the NASDAQ losing 2%. As this was the biggest one-day decline since February, it should have...

Economists and investors could not have been more wrong about today’s U.S. jobs report. The U.S. dollar traded sharply lower against all of the major currencies on the back of what can only...

Non-farm payrolls are due for release on Friday, and the U.S. economy is expected to add nearly 1 million jobs. If the NFP numbers rise by 978,000, the current consensus forecast, it would be the...

The U.S. dollar kicked off the first trading day of May with broad-based losses. On Friday, U.S. non-farm payrolls are due for release, and with the labor department expected to report a...

Month end flows drove the U.S. dollar higher against all of the major currencies on Friday. The month of April was a challenging one for the greenback. The Dollar Index dropped from 93.30 to...

This article was written exclusively for Investing.comFollowing its big recovery in 2020, GBP/USD has started to look bullish again after a period of consolidation. Is the cable finally ready to clear...

The three most important event risks on this week’s calendar are FOMC, U.S. first quarter GDP and Eurozone first quarter GDP. On Wednesday, we learned that while the Federal Reserve is...

EUR/USD soared to seven-month highs today for the following reasons: 1.    The Fed failed to live up to expectations. It says now is not the time to talk taper2.    German...

After selling off throughout the month of April, the greenback finally rebounded on the eve of the Federal Reserve’s monetary policy announcement. The U.S. economy is running hot ahead of the...