Currency Analysis & Opinion

EUR/USD traders are eyeing crucial U.S. economic data due tomorrow. The pair found support around 1.105 this week after hitting a yearly high in August. A break above a key resistance could push the...

USD The broad dollar fell almost half a percent through yesterday’s trading, a move catalysed by JOLTS job openings which significantly undershot expectations. Consensus forecasts had looked for a...

USD: ING's customers turn a little more bearish on the dollar In a poll taken during our Economics Live webinar yesterday, 25% of respondents felt EUR/USD would end the year over 1.13, while 46%...

USD As expected, a rebound in yesterday’s ISM manufacturing figures helped the broad dollar to close out trading up on the day. Significantly, the employment sub-index climbed from 43.4 to 46.0 to...

The USD/CAD faces a big test this week, for not only do we have significantly important data from the US, but there’s also a rate decision across the northern border in Canada. Meanwhile, we will...

Silver is testing a pivotal support zone. If this level holds, it could present a dip-buying opportunity for traders. However, a breach of that level could signal further downside. For less than $8...

Eurozone CPI data paves the way for more cuts. This comes at a time when the market is debating between a 25 or 50 bps cut by the Fed. Meanwhile, the EUR/USD pair is nearing a key support area. For...

USD The dollar underperformed our expectations throughout last month, with the DXY index sinking almost 3.5% by August 27th. That said, a rally into month-end gives us confidence that markets are...

USD The US dollar performed well against its major peers yesterday following stronger-than-expected economic data released on Thursday. Investors await July’s US Personal Consumption Expenditure...

USD/JPY is facing an important test of appetite as the US dollar attempts to a mean-reversal. The pair has been trying to build the momentum to break higher, but buyers have been encountering...

USD The muted market sentiment continued yesterday amid a sparse data schedule in the United States and Europe. In the U.S., investor sentiment was mixed, with the S&P 500 falling by 0.6%. The...

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...