Currency Forecast

Originally published by AxiTraderThe latest CFTC report showed some minor shifts in FX speculative positioning. After several weeks of cutting euro short positions, speculators have added 3k in long...

Originally published by AxiTraderThe Australian dollar was soaring up toward 75 cents overnight before the Brexit madness and Boris Johnson's resignation sent the pound tumbling and gave the US dollar...

The US dollar traded lower against all of the major currencies in the first few days of the third quarter.While it may be tempting to call this a peak, it is too early for all the bulls to retreat....

Originally published by AxiTraderUS non-farm payrolls and associated wages and unemployment data printed in the Goldilocks zone which suggests US economic strength but no need for accelerated Fed...

Originally published by AxiTraderThe Australian dollar again poked its head above 74 cents before dipping back under that level in the second day of indecision as to whether it can break...

Originally published by AxiTraderThe Australian dollar is back at 0.7383 after making a high around 0.7424 yesterday The failure to launch reinforces traders current proclivity to sell AUDUSD on...

Originally published by AxiTraderThe AUD/USD traded to its lowest level since January 2017 with an overnight low around 0.7315. It bounced with the euro this morning. But while emerging markets and...

Between April and June, the greenback saw its value grow more than 5% against sterling and the New Zealand dollar. It also appreciated between 3 and 5% versus euro, Australian dollar, Japanese yen and...

Originally published by AxiTraderThe latest report from the CFTC showed that large speculators continue to add to their US dollar long positions. Euro net positioning stood at 34k, a 2k decrease...

Originally published by BetaSharesThe Australian dollar has traded a wide up-trending range against the US dollar since early 2016, though appears to have broken below this range more recently. This...

Originally published by AxiTraderWhile the euro holds 1.15 the Australian dollar looks okay. And at 0.7348 AUD/USD is a tiny bit better bid than it was this time yesterday after it again made a low in...

Originally published by AxiTraderOkay, so I know I am tempting fate with that headline. But after an overnight low of 0.7325 the Aussie dollar is sitting a little higher 0.7341 but looking pressured...

Originally published by AxiTraderChinese markets are on edge with stocks now down around 20% from their highs and the yuan under serious downward pressure. That's not an environment where the Aussie...

Originally published by AxiTraderThe Bloomberg email says "brace for more trade turbulence". That sentiment neatly sums up what ailed markets overnight, why stocks fell out of bed, why they reversed a...