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Get updates on the latest economic news and trends and how it affects currency prices and also commentary from experienced currency traders. Updated weekly. Podcast and weekly newsletter coming soon.

October 8, 2018

The US Dollar gained some ground against its peers in a turbulent week. What’s next? US inflation stands out in the second week of October which also sees tension rising towards Brexit and the mid-term elections Here are the highlights for the next week

The greenback kicked off the new quarter with fresh gains. Powell’s...

August 20, 2018

  • The US Dollar remains dominant, and each breather looks like a buying opportunity.

  • There are three central drivers, and they are set to continue for at least a few more months.

  • Things may materially change in the middle of the autumn. 

US Dollar strength is a prominent feature for quite a few months. Ea...

July 31, 2018

  • The index advances to the mid-94.00s or fresh daily tops.

  • DXY finds support in session lows in the 94.20/15 band.

  • Consumer Confidence surprised to the upside in July.


The greenback, in terms of the US Dollar Index (DXY), has reverted the negative start and is now trading in session tops in the mid-94.0...

The Trump administration announced it’s imposing tariffs on steel and aluminum imported from the European Union, Canada and Mexico, in a move almost certain to trigger retaliation by America’s closest allies.

The decision came hours before temporary exemptions were due to elapse at 12:01 a.m. in Washington on Friday. Th...

April 24, 2018

Talking Points:

- The US Dollar has continued to gain, continuing last week’s move of strength to tally a 2% move off of last Tuesday’s lows. DXY is now testing a key area of resistance around the 2017 swing-low, and the potential exists for a deeper move of USD-strength as we approach rate decisions out of Europe and J...

April 24, 2018

USD/JPY continues to move upwards this week. In Tuesday’s North American session, USD/JPY is trading at 109.14, up 0.40% on the day. On the release front, Japanese inflation data met expectations. The Services Producer Price Index dropped from 0.6% to 0.5%, matching the estimate. The Bank of Japan’s favored inflation i...

April 24, 2018

USD/JPY RATE FORECAST TALKING POINTS:

  • USD/JPY Price Forecast: JPY weakness may accelerate on break > 100-DMA at 109.01

  • Options premium shows waning premium to protect against JPY strength lifting USDJPY

  • USD/JPY Rate Insight from IG UK: changes in retail sentiment favors price declines

On Tuesday, April 2...

April 24, 2018

The British pound has steadied in the Tuesday session, after recording five consecutive losing sessions. In North American trade, GBP/USD is trading at 1.3975, up 0.25% on the day. On the release front, the UK posted a budget surplus of GBP 0.3 billion in March, beating the estimate of GBP -1.1 billion. CBI Industrial...

April 24, 2018

- USD/CAD Bullish Sequence Fizzles Despite Cautious Bank of Canada (BoC) Comments, Strong U.S. Consumer Confidence Survey. All Eyes on U.S. Gross Domestic Product (GDP) Report.

- NZD/USD Eyes 2018-Low as 10-Year U.S. Treasury Yield Spikes Above 3.00%. Relative Strength Index (RSI) Approaches Oversold Territory.

To Read T...

April 24, 2018

  • GBP/USD: weighed by continued strength in the greenback. 

  • GBP/USD: BoE rate hike probability for May now a coin toss. 

GBP/USD continues to suffer on dovish shift in BoE expectations on Carney and made a fresh low of 1.3917 in Tokyo yesterday where the pair is recovering from today. Currently, GBP/USD is tra...

April 24, 2018

EUR/USD consolidated in European trading on Tuesday after declining in the prior three consecutive sessions. The drop is attributed to a stronger dollar, and recent developments suggest that there could be more downside for the pair. A combination of extreme positioning and a rise in U.S. bond yields drove the rally in...

April 24, 2018

Analysts from Rabobank maintain the forecast that USD/MXN will trade around the 20 handle in June. They see July elections gaining attention. 

Key Quotes:

“Since the end of last year we have suggested that substantial MXN weakness would emerge as campaigning for the Presidential election got under way.  We have also been...

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