USD/ARS: Here’s why the Argentina peso has moved to the abyss

The Argentinian peso has become worthless, putting South America’s second-biggest economy at a substantial risk. According to TradingView, the U...

Should you sell the US dollar as the deficit surges again?

The US economy is the largest in the world and keeps growing despite many fearing a recession this year. The latest data shows how resilient it is to...

GBP/JPY rate is at risk despite Japan GDP downgrade

The pound to Japanese yen (GBP/JPY) exchange rate drifted upward on Friday after the latest Japan GDP numbers. The pair rose to a high of 184.11, a da...

US dollar index (DXY) forms golden cross, inverted H&S patterns

The US dollar index (DXY) continued surging this week as demand for the greenback remained at an elevated level. It jumped to a high of $104.77, the h...

USD/CNH: The plot thickens for the Chinese yuan

The USD/CNH exchange rate rally continued after another set of weak economic data from China. It rose to a high of 7.3323, a few points below the all-...

GBP/USD forecast: Forex signal as it retests the 200-day EMA

The GBP/USD exchange rate tumbled to the lowest level since June 8th as investors reacted to the relatively dovish statement by Andrew Bailey and as t...

USD/HUF price forecast: Higher interest rates unlikely to help the H...

Europe has a sick child right at the heart of it – Hungary. While not a euro area member, Hungary is part of the European Union. It has a small...

USD/CAD nears key resistance ahead of the BoC rate decision

The USD/CAD exchange rate continued soaring ahead of the upcoming Bank of Canada (BoC) interest rate decision. The pair soared to a high of 1.3655, th...

USD/JPY forecast: Japanese yen signal as the crash continues

The Japanese yen sell-off continued this week as the US dollar index (DXY) rally gained steam. The USD/JPY exchange rate soared to a high of 147.72, t...

USD/ZAR inverted head & shoulders points to more rand weakness

The USD/ZAR exchange rate rose to the highest level since August 15th even after the strong South Africa GDP data. The pair soared to a high of 19.27,...

The greatest trade in 2023 that keeps on giving

The currency market is known for its increased uncertainty and uncorrelated market moves. In other words, it is the first market to react to news and...

USD/CNY: No end in sight for the renminbi meltdown

The USD/CNY exchange rate continued rising on Tuesday as concerns about the Chinese economy continued and as the US dollar index (DXY) rally accelerat...

USD/MXN: Chart patterns point to more Mexican peso retreat

The Mexican peso has retreated slightly in the past few days as the recent rally takes a breather. The USD/MXN exchange rate was trading at 17.14 on M...

Should you buy crude oil after gaining 30% in the last two months?

One of the greatest trades during the summer months was being long WTI crude oil. Oil prices advanced approximately 30% in two months – an impressive...

AUD/USD, AUD/NZD analysis: signals ahead of the RBA decision

The AUD/USD and AUD/NZD exchange rates will be in the spotlight this week as Dr. Philip Lowe delivers his final interest rate decision. The two pair’s...

USD/RUB: The Russian ruble meltdown is not over yet

The USD/RUB exchange rate resumed the bullish trend as the Russian ruble sell-off regained steam. The pair rose to a high of 96.38, a few points above...

USD/TRY analysis: lira outlook as Turkish inflation soars

The USD/TRY exchange rate resumed the bullish trend as concerns about Turkish inflation continued. The pair jumped to 27 on Monday, a few points below...

USD/CAD forecast: signal after the US NFP, Canada GDP data

The USD/CAD exchange rate drifted upwards on Friday as investors reacted to the mixed economic numbers from the United States and Canada. The pair jum...

USD/CHF: Franc steady as Swiss inflation rises, US NFP data next

The USD/CHF held quite well on Friday after the latest Swiss inflation data and strong UBS earnings. It was trading at 0.8835, a few points above this...

USD/IDR: Bullish outlook as Indonesia inflation slips again

The USD/IDR exchange rate remained in a consolidation phase on Friday as investors reacted to the latest Indonesian inflation and PMI data. The pair w...