Currency Forecast

Originally published by AxiTraderWelcome to my Forex Today column where I'll give a brief wrap on the key drivers of Forex markets and throw in a chart of the day. As ever, feedback is welcome....

Originally published by AxiTraderThe latest report from the CFTC showed some minor changes in speculative FX positioning. Euro net positioning fell from 37k long to 24k long. Euro bulls continue to...

Originally published by AxiTraderThe Australian dollar has lifted from the lows yesterday morning as copper rallied and as stocks rose. That uptick in risk appetite - or more correctly, the reduction...

Originally published by AxiTraderThe Australian dollar came under heavy selling pressure in the past 24 hour dropping from round 0.7470 before the tariff rumour hit to sit at 0.7362 this morning....

Originally published by AxiTraderThe Australian dollar is testing support around 0.7415 after trading up to a high of ~0.7483 overnight. That collapse came after reports surfaced that the US...

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...

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 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 Australian dollar traded with the yuan and Chinese markets over the past 24 hours - down and then back up. That leaves it at 0.7385 midway between the range top...

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 Australian dollar ended the week above 74 cents, regaining much - but not all - of the recent fall from the mid 74 cent highs a couple of weeks back. The rally is...

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...