Currency Analysis & Comment

Concerns of a widening Russia-Ukraine conflict increased today after Poland claimed a Russian rocket landed on a Polish village, killing two Polish citizens. However, President Joseph Biden later...

Repeated intervention fails to deliver intended impact on yen Dollar remains supported thanks to a very hawkish Fed USD/JPY holding above key support in a strong bullish trend Speculation over China...

The Federal Market Open Committee increased interest rates by 0.75% for the fourth straight time yesterday. This hike pushes the top of its target range to 4%, the highest since 2008. Therefore,...

BoJ inaction means policy divergence grows larger Japan government intervention ineffective Dollar rebound amid haven flows By standing pat on monetary policy despite the recent inflation spike and...

The European market is gearing up for a jumbo rate hike by the European Central Bank. The expectation is weighing on the STOXX 600 Index as investors expect the euro to strengthen following the rate...

The dollar retreated 0.15% as China considered reducing inbound quarantine to 7 from 10 days. The greenback's slide followed Wednesday's 0.75% jump, the sharpest advance in a week, as soaring UK...

As markets price the Fed's peak rate almost at 5.0%, US housing data will be watched this week. A housing downturn is likely considered a "necessary evil" now, but the pace of the drop may start to...

USD/JPY rises for 8 consecutive week Yen's weakness persists; returns to pre-intervention levels Watch out for more intervention and/or a sharp move in USD/JPY The USD/JPY has climbed above the...

In response to Prime Minister Liz Truss' defense earlier today of Friday's massive package of unfunded tax cuts that rocked markets, the pound sterling lost two days' worth of gains, and UK gilt...

GBP/USD crashed to a record low and then bounced Fears over mismanagement of UK economy high, but will BoE act? Volatility means lots of trading opportunities for short-term speculators The pounding...

All eyes on FOMC – expect a 75bp rate hike with a hawkish tone Russian aggression will keep euro under pressure Acceptance below parity is another sign of weakness for EUR/USD There is no end in...

Repricing of interest rates has seen US dollar surge CAD victim of drop in risk appetite and oil prices Breakout above key resistance means path to the upside The USD/CAD has finally joined the other...

As the stars aligned, the euro climbed for the fourth day out of five to near a four-week high.Monetary Policy DecisionThe 25 members of the governing council of the European Central Bank (ECB)...

Improved risk appetite lifts euro  EU Energy Ministers discussing caps for Russian oil and gas EUR/USD chart still bearish The EUR/USD was up 1% this morning, showing some follow-through in...