Currency Forecast

Wednesday’s U.S. economic reports were terrible. Retail sales fell 8.7%, the largest one-month decline ever. The Empire state manufacturing survey also hit a record low of -78.2, but,...

Investors sold U.S. dollars on Tuesday ahead of two very important economic releases – retail sales and the Beige Book. The overriding view is that nothing good will come out of these...

There’s a lot to talk about today. Equities traded sharply higher on the back of another big announcement from the Fed. The greenback traded lower in response against all of the major...

Equities and currencies traded higher today after Dr. Anthony Fauci, director of U.S. National Institute of Allergy and Infectious Diseases, said there could be a COVID-19 turnaround next...

Early signs of COVID-19 curve flattening in Europe and the U.S. kicked off with a relief rally in currencies and equities this morning. USD/JPY jumped above 109 as AUD/USD and NZD/USD rose nearly 2%....

It has been another good week for the U.S. dollar. The greenback traded higher against all of the major currencies on Friday despite abysmal non-farm payroll numbers. According to the latest...

If the first day of April is a taste of what’s to come, it will be a very rocky second quarter. After falling more than 24% between January and March, the Dow Jones Industrial Average opened...

The global crisis over the coronavirus pandemic has provoked significant demand for the U.S. dollar as investors worldwide massively unwound risk positions in favor of safe havens — chiefly...

The euro snapped a six-day rally to start the week lower against the U.S. dollar. Over the past month, the moves in EUR/USD have not been for the faint of heart. The single currency surged from a...

The U.S. dollar traded lower against all of the major currencies today after jobless claims topped 3.2 million. We’ve never seen weekly jobless claims at these levels before. They are more than...

The dollar is falling for the fifth straight day after gaining for 7 days out of 8 and surging 8.5%. It might be time to start thinking of getting back in: the greenback has already corrected 2.3% of...

A deal is done. The White House and Senate agreed to a historic $2-trillion stimulus package and this agreement should pass the House easily. Equities and currencies traded sharply higher in response...

Many major currencies are trading higher this morning as stocks staged a voracious recovery at the New York open. The Dow Jones Industrial Average jumped more than 1,000 points or 6.5%. In a normal...

The Federal Reserve is doing everything in its power to limit the slide in equities, keep Treasury yields low and provide ongoing liquidity. In a breaking announcement before the start of New...