Forex

EUR/USD forecast: signal ahead of the FOMC minutes

The EUR/USD exchange rate has been in a strong bull run this year, and is hovering at its highest level since September 2021. It has jumped by over 15% from the lowest level this year, making it the euro’s best start of the year in years. US nonfarm...

USD/ZAR: 5 reasons why the South African rand is surging

The USD/ZAR exchange rate has crashed in the past few months, moving from a high of 19.93 in April to the current 17.60. It has plunged to the lowest level since November last year. Here are the top reasons why the South African rand has surged recen...

USD/THB: Here’s why the Thai baht is rising amid political crisis

The Thai baht continued its upward trend against the US dollar, even as the country entered a period of political crisis. The USD/THB exchange rate plunged to a low of 32.35 on Thursday, its lowest level since October last year and 7.50% below the ye...

DXY: US Dollar Index forecast ahead of high stakes NFP data

The US Dollar Index (DXY) crashed this week, reaching its lowest level since February 2022 as traders waited for the upcoming US nonfarm payrolls data and after Jerome Powell hinted that he may consider cutting rates as early as in July. It dropped t...

USD/JPY forecast: inverse C&H points to Japanese yen surge

The USD/JPY exchange rate remained under pressure this week as the US Dollar Index (DXY) declined. It also retreated as traders reacted to a statement by Jerome Powell and as they waited for the upcoming US nonfarm payrolls data. The USD to JPY excha...

Short AUD/JPY: the price is likely to break below the 94.100 support level as the JPY strengthens

Indian rupee’s performance contrasts Asian peers; eyes US trade deal for direction

The Reserve Bank of India (RBI) surprised markets in June with a larger-than-expected 50 basis point rate cut, bringing the rate to 5.50%.  This move aimed to front-load support for the domestic economy, and with stable to lower inflation antici...

USD/CAD forecast as the US dollar index (DXY) crashes

The Canadian dollar resumed its recent rebound after Canada and the United States restarted talks. The USD/CAD exchange rate plunged to a low of 1.3600 on Tuesday, the lowest level in a week, and 8% below the highest level this year. Potential US and...

USD/CHF: Here’s why the Swiss franc just pumped to 2011 highs

The USD/CHF exchange rate continued its strong downtrend this week, plunging to the lowest level since 2011. It has dropped in the last five consecutive months, the longest losing streak since September last year. This article explains the top reason...

DXY index forecast as the US dollar crash intensifies

The US Dollar Index (DXY) crashed to its lowest point in three years as concerns about the Federal Reserve’s independence remained. The DXY Index dropped to a low of $96.98, down nearly 12% from its highest point this year, indicating that it h...

Long AUD/CAD: the price has broken above a key resistance zone and is likely to continue the rally after a small correction

Taiwan dollar hits three-year high, pressuring exporters and insurers

Taiwan’s currency surged to its strongest level in three years on Thursday, buoyed by robust foreign inflows into its stock market and widespread weakness in the US dollar. The Taiwan dollar appreciated as much as 0.7% to 29.15 per US dollar, outperf...

Long EUR/CAD: the price is likely to retest the 1.58100 level before heading for new highs

USD/RUB: Here’s why Russian ruble could surge to 70

Long AUD/USD: the steady bullish trend indicates the price is likely to continue the rally

USD/TRY forecast after the Fed and CBRT interest rate decisions

The USD/TRY exchange rate continued its strong rally after the latest Federal Reserve and Turkish central bank interest rate decisions. The pair was trading at 39.68 on Friday, a few points below the year-to-date high of 40.02. This price is about 12...

Switzerland cuts rates to zero: are negative interest rates coming back?

The Switzerland National Bank (SNB) cut interest rates by 25 basis points to 0% on Thursday, deepening its dovish stance amid renewed concerns over deflation and persistent strength in the Swiss franc. The widely anticipated move raises the possibili...

Long EUR/CHF: EUR/CHF is likely to break above the ranging zone and continue the rally

Short USD/CAD: the price is likely to retest the 1.38150 resistance zone before heading for new lows

USD/BRL forecast ahead of Brazil and Federal Reserve decisions

The Brazilian real continued its strong surge on Wednesday as it soared to its highest point since October 8 last year. The USD/BRL exchange rate plunged to  a low of 5.4935, down by 13% from its highest point in December. Focus now shifts to th...