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The week ahead will be jam-packed with key macro events affecting currency markets. Chief among these major events will be the US jobs report for July; a slew of PMI numbers from the US, UK, and...
Sterling exchange rates were pretty flat throughout the last week, leaving many sterling sellers and buyers frustrated - especially those buying or selling against the euro. The only real movement...
By Roman Butko, NordFX First, a review of last week’s forecast: EUR/USD The upward trend of the pair, which began on New Year's Eve 2017 and which marks a steady fall in the US dollar, was...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Friday’s U.S. GDP report sealed the dollar’s fate with weaker-than-expected growth sending the currency tumbling....
It is going to be an extremely busy week for the economic calendar next week as we head into a new a month. Key data from China, eurozone, UK and US will dominate the agenda, not to mention New...
EURUSD Everyone is watching this headline rate for USD direction, pitching the strength of the US economy against Europe where the recovery is gathering pace. Strong durable goods orders yesterday...
The US dollar bounced back sharply on Thursday, a day after the US Federal Reserve issued yet another non-committal statement at the conclusion of its two-day FOMC meeting. That statement extended the...
The USD/CHF was the first major dollar pair to show strength this week and it has been the first to turn higher post FOMC. Most of the other major USD pairs have all given up their sharp gains after...
Prior to the release of the July FOMC statement yesterday, the dollar had found some support and gold had weakened slightly. Market participants were wary of the possibility of a hawkish surprise, so...
This morning CAD/CHF opened in a bullish tendency and, after moving sideways during the early trading hours, started climbing. The Net Change on the currency pair has been positive since the beginning...
EUR/USD Once again, the USD rout takes the EUR rate to new highs, this time making a clean break above 1.1700 to suggest the breakout is underlined and that 1.2000 is now just a matter of time. As has...
Little-changed FOMC statement maintains dovish uncertainty, weighs further on dollar The July FOMC statement was released on Wednesday afternoon, and there was very little in the way of deviation from...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The Federal Reserve did exactly what the market anticipated but unfortunately that was not enough. The U.S. dollar sold off...
EUR/USD pulled back towards the 1.1600 level early on Wednesday, ahead of the potentially pivotal Fed statement to be issued later in the day at the conclusion of this week’s two-day FOMC...
The market’s focus will be on the FOMC later on today. Investors will be fully anticipating the Fed to come across as more dovish than hawkish. But that view may already be priced in, so it will...