Currency Analysis & Comment

This is the first BRICS summit since Egypt, Ethiopia, Iran, and the UAE joined the bloc earlier this year. Among many things on the agenda is the issue of reducing reliance on the US dollar in...

The EUR/USD pair was a tad higher during the first half of the European session, but just like the previous day the small gains could prove to be short-lived as the US dollar continues to strengthen...

Inflation data from the UK sparked speculation of more rate cuts by the BoE. This has put GBP/USD bears on alert. With the pair near 1.30, traders are watching for a potential breakout towards...

A strong U.S. economy and geopolitical risks are key drivers for the US dollar's current trajectory. Differing central bank approaches globally favor the dollar amid potential trade policy...

USD: Beige Book is probably the biggest threat to the dollar FX markets seem to be positioning for a Trump victory in next month's US presidential election. October seems to have been a good month...

EUR/USD traders await the ECB meeting as the pair hovers near key support levels. Shifting Fed and ECB rate cut expectations continue to drive volatility in the pair. Upcoming U.S. economic data and...

The big drop in Chinese markets we have seen over the past two sessions has kept the pressure on commodity dollars, although European majors EUR/USD and GBP/USD have been largely unaffected, with the...

Political turmoil in Japan is not conducive to further interest rate hikes, weighing on the yen. Meanwhile, US labor market remains strong, and Fed may be mulling a smaller hike. With this backdrop,...

The EUR/USD pair struggles near 1.1050 amid upbeat US data and declining inflation in Europe. Traders brace for volatility ahead of crucial US employment data impacting rate expectations. A...

The GBP/USD, which had been steady in the last few trading sessions, has fallen back at the start of the new quarter after some relatively hawkish remarks from Fed’s Powell. The cable managed to hold...

The EUR/USD bounced off the resistance at 1.12 amid softening Eurozone inflation data. Investors anticipate a pivotal US labor market report that could influence future direction. A breakout from...

The US dollar faces pressure ahead of crucial labor market data. With the dollar index hovering below 101, traders are on alert for potential signs of further weakness. On the flip side, strong NFPs...

The EUR/USD pair is gaining momentum as expectations rise for a jumbo Fed rate cut in November. Key economic data and Fed commentary this week will guide traders' strategies. Watch for critical...

The EUR/USD was holding near the August high of 1.12 handle, still finding mild support from China’s announcement yesterday of large-scale stimulus measures. That announcement sent stocks surging and...