forex news

US Rate Hikes in Jeopardy?

Over the past few days, we have seen the second and third largest bank failures in US history. A question remains whether we have seen the last of these failures and what other ripple effects could occur. In the currency...

Battle of the Bankers: USD/CAD in Focus

The USD/CAD might be a popular pair to trade this week with the Bank of Canada (BoC) releasing its latest interest rate decision at the exact same time that US Federal Reserve Chairman begins the second day of his Semiannual...

Forex Alert: Fed Officials’ Six-Hour Speech Marathon

Will the numerous appearances of US Federal Reserve officials rock the market during the closing hours of this trading week? Over the course of six hours leading up to the market's closing this week, we will hear from Lorie K....
BOJ Japanese yen

Yen traders look for opportunity as BOJ gains new leader

The new governor of the Bank of Japan, Kazuo Ueda, is currently in the spotlight as traders attempt to determine how closely he will adhere to his predecessor's ultra-loose monetary policies. Despite inflation in Japan reaching a 40-year high, Japanese...

USD Index targets 104.820 after US Federal Reserve meeting?

We have learned that almost all US Federal Reserve officials backed a 25-basis-points rate hike at the last FOMC meeting held on January 31 to February 1. Only a few officials favored a larger 50-basis-points hike at the meeting or...

NZD’s double-bottom to foretell its next move?

The Reserve Bank of New Zealand will deliver its second interest rate decision of 2023. The decision is release on Wednesday 2pm NZDT (Tuesday 8pm EST) What makes this interesting is that the country has just been hit by Cyclone...

Wick watching in GBP/USD after US CPI report

A beautiful amount of volatility entered the market after the release of the US inflation data a few hours ago. Some large wicks presented in the GBP/USD which eventually tested and rejected at 1.2121 to the downside. Although, the more...

GBP/USD forecast ahead of key inflation data

It is prudent to examine the strength of the US dollar against the pound in the lead up to two very important inflation data reports. First is the US inflation data due on Wednesday morning at 2.30 am (NZDT). And...

Is the Fed out-hawking the ECB?

The EUR/USD is just holding on above $1.07, not far from a nine-month high of $1.1034 the pair touched last week, supported by the European Central Bank's hawkish stance. ECB board member Isabel Schnabel said that the rate hikes delivered...
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