In early 2017, President Trump made a comment that caught many by surprise. The ‘dollar was too strong’, he said. Consequently, this meant that the U.S government would no longer be in favor of the Clinton-era two-decade strong dollar policy. According to David Woo, Head of Global Rates and Foreign Exchange research at Bank of...

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The USD/CHF could resume its upwards movement after making a new higher high The United States inflation data could bring fresh opportunities tomorrow The current drop could be only a temporary one, so we can still search for long opportunities Our USD/CHF forecast finds the pair positioned within an extended sideways movement. It’s located at...

The post USD/CHF Forecast: 0.9300 Seen As Bull Target After False Starts appeared first on Forex Crunch.

Jerome Powell, the US federal Reserve chairman, was markedly dovish in his Jackson Hole speech and the dollar index (DXY) responded accordingly by dropping 0.34% to 92.75. With forex traders waiting on every word, Powell made clear that tapering could start this year but showed himself to be relaxed on when to start a rates...

The post Powell Speech at Jackson Hole Pressures Dollar, Helps Risk-on Sentiment appeared first on Forex Crunch.

USD/MXN has finally managed to develop a new leg higher. The DXY’s aggressive rally helped the USD to take full control and to dominate the currency market. The pair has found temporary resistance, but it could resume its growth anytime soon. The FOMC meeting boosted the DXY, so the greenback has rallied since yesterday night....

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What is the outlook for USD in Q2 and in H2? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses the USD outlook and sees tactical downside risks in Q2 and medium-term upside risks in H2. “We now see downside risks to our Q2 USD outlook but also upside risks to our...

The post USD: Downside Risk To Q2 Outlook, Upside Risks To H221 Outlook – Credit Agricole appeared first on Forex Crunch.

With signs of China reflation easing, what is the implication for the US dollar? Here is their view, courtesy of eFXdata: Bank of America Global Research discusses  the implications of China’s reflation outlook on the direction of USD. “With much of the focus on the US reflation story and its implications for the USD, we...

The post USD: China Reflation At Crossroads; Implications For USD – BofA appeared first on Forex Crunch.

What is the forecast for EUR/USD over the medium-term? Here is their view, courtesy of eFXdata: Danske Research likes staying short EUR/USD over the medium-term. “Dollar strengthened against EM and EUR yesterday. In our view, these moves are a continuation of the FX theme(s) we have been writing about recently as  we see support being...

The post G10: Short 2020 Momentum And Long FX Value; Staying Short EUR/USD & Broad USD Longs – Danske appeared first on Forex Crunch.

What is the outlook for USD, given the weak retail sales report earlier this week? Here is their view, courtesy of eFXdata: CIBC Research discusses its reaction to today’s US retail sales for the month of February. “US retail sales dropped off in February as poor weather conditions weighed on activity  following a surge in...

The post USD: US Retail Sales Dropped Off In February But Set To Advance Coming Months – CIBC appeared first on Forex Crunch.

With the FOMC holding a meeting later today, what is the outlook for the US dollar? Here is their view, courtesy of eFXdata: Bank of America Global Research discusses its expectations for [Wednesday’s] FOMC policy meeting. “The FOMC meeting on the 17th will be one of the most critical events for the Fed in some...

The post USD: FOMC Meeting Likely To Give A Green Light To Higher Rates And Broad USD Upside – BofA appeared first on Forex Crunch.

What is the outlook for the USD in the near-term? Here is their view, courtesy of eFXdata: MUFG research discusses its expectations for next week’s FOMC policy meeting and  sees a scope for further USD upside in the near-term. “The BoC on Wednesday, the ECB yesterday and next week the Fed, the BoE and the...

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