Currency Analysis & Opinion

USD: Consolidation or base-building? There is quite a popular view out there that with 100bp of Fed cuts priced by the end of this year and a terminal rate already priced at 3.00%, the dollar does...

Let me introduce you, for those who aren’t already acquainted, to the Unidad de Fomento. The Unidad de Fomento (UF) is an almost-unique currency in the world.[1] It was established in 1967 by Chile...

USD EUR/USD drifted higher yesterday, bolstered by a continued broad-market easing in US dollar buying pressure. Federal Reserve Chair Jerome Powell all but confirmed that the central bank will pivot...

USD The USD has continued to trade on the backfoot at the start of this week. The hotly anticipated Jackson Hole Symposium lived up to expectations as a market moving event. As such, price action on...

Gold has been consolidating gains after its recent surge to record highs. As of now, the bulls are looking for new catalysts to push the prices higher. The yellow metal needs a boost from 2 key...

GBP/USD is back attempting to build the gains further after snapping a 7-day winning streak on Monday as the UK was closed for a Bank Holiday. The pair climbed over 3% in that time but the gains...

USD: The activity data will now be key As James Knightley discusses here, Fed Chair Jerome Powell used his speech at the Jackson Hole symposium to pre-announce the start of the Fed's easing cycle in...

Odds are firmly against the bulls, as US dollar keeps heading lower. As of now, the greenback is approaching a critical support at 100. Break below this level could lead to a bigger decline. For...

USD After struggling for almost the entire week, Thursday saw the dollar begin to stage a turnaround, helped by commentary from Fed officials. As we have noted previously, market expectations for Fed...

USD: Cautious Powell may give some help to the dollar The latest batch of US data has not firmly argued in favour of a 50bp Federal Reserve rate cut in September, and most FOMC members have also...

European economic activity expanded by more than expected in August, according to the latest flash PMI numbers. The composite reading for the bloc rose to 51.2, up from 50.2 in July. Even so, the...

The US dollar has been unable to regain the upper hand against the Japanese yen since the US data started to show signs of weakness back in early July. USD/JPY remains over 10% lower from the highs...

USD Wednesday was all about the dollar for FX traders, with payroll revisions and FOMC meeting minutes set to be published. In the case of the former, payroll revisions were unusually large,...

The EUR/USD pair has surged to its highest level in over a year. The market is now focused on Jerome Powell's upcoming speech alongside some key economic data from the US. In this piece, we'll take...