Currency Analysis & Comment

The US dollar bounced back, ending a three-week decline, thanks to strong employment data and interest rate projections. Key economic indicators and central bank meetings, including the Fed, ECB, and...

As macro investors, we are often inundated with flashy headlines, and recently Japan has been front and center.Yet with all this noise, it’s easy to miss the forest for the...

The big yen rally has been exacerbated by positioning factors, but markets may keep speculating on a BoJ December hike unless Japanese officials protest against hawkish bets before the meeting. A...

Next week, the GBP/USD faces a major test with key data releases and interest rate decisions from the Federal Reserve and Bank of England. Meanwhile, the US Dollar Index is fluctuating, with this...

Ahead of tomorrow's US jobs data release, the short-term highlight in the FX market is the continued outperformance of the yen. This has nothing to do with a risk-averse environment (asset markets are...

The EUR/USD faces a key test in the next week and a half. We will have lots of key data and rate decisions from both the Federal Reserve and European Central Bank to come during this period. Ahead of...

Gold has retreated after hitting all-time highs The yellow metal retreated as soon as sellers piled in to push the price lower Bulls need to hold their ground above $2020-30 to mount another attack on...

Markets have scaled back some dovish bets on the Fed at the start of this week, perhaps starting to position more cautiously ahead of a Fed pushback and key data releases. Today, JOLTS and ISM...

The dollar starts the week in a mixed fashion. USD/JPY is trading at a new corrective low, while EUR/USD continues to lick its wounds after a torrid session on Friday. The highlight of this week's...

OPEC+ and soft eurozone inflation triggered a dollar rebound yesterday, but short-term rate spreads were already pointing to a weaker EUR/USD before then. Today, the focus will be on the US ISM...

The further decline in USD rates means that it will now be up to activity data to trigger a recovery in the dollar. We have a couple of days packed with important US releases into the weekend, as well...

Ongoing correction in the USD/JPY pair could be coming to an end This comes at a time when BOJ's Adachi has dismissed rumors of a monetary policy shift Meanwhile, the recent GDP revisions have boosted...

In what we thought was going to be a quiet week for FX, the dollar has extended its recent losses. Driving those losses have been Fed speeches welcoming signs of slowing economic momentum and lower...

EUR/USD is eyeing the key 1.10 level, but we suspect that any breaks above that level will prove unsustainable as the rates picture remains broadly supportive for the dollar until the US growth...