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The following are BMO's latest forecasts for EUR/USD, USD/JPY, GBP/USD, USD/CAD and EUR/JPY. ATTENTION: Video should be reuploaded

Traditionally the dollar has weakened in trade-weighted terms and against the euro after the first rate hike by the Fed in every new hiking cycle since the 1990's. Although there were reasons suggesting things might be different this time the recent

Risk aversion in markets continues to play out, with our technical team now targeting an S&P 500 level near 1600, a 25% peak to trough decline. From an FX perspective, the key developments are as follows: 1. A growing fear that monetary policy is now

Long AUD/USD is the best seasonal FX trade for the month of February, notes Australia and New Zealand Banking Group (ANZ). "Figure 1 shows how G10 and Asian currencies have performed during the month of February over the 2000-15 period. Among the G10

For US tax payers, the IRS is reporting hardware failures, affecting a number of tax processing sytems Making repairs and anticipates some systems will remain unavailable until Thursday Reuters with the news - If its any help, I can take any payments

What has changed now to cause the euro to rally? Absolutely nothing, post finished. I suppose I should clarify that further shouldn't I? Whenever we get a sudden big move or a surprise we always want to know the reason. For me it's easier (at first)

The USD lost value since yesterday after weak US services PMI and comments from the Fed’s Dudley suggesting that the tightened financial conditions seen in the US may require the Fed to adjust its thinking in respect of when or if to hike rates

What will trigger the next upward leg in USD? The answer, according to Morgan Stanley, is in China’s hands. " Our thesis, is that ahead of the lunar New Year (Feb 8) and China hosting the G20 (Feb 26-27), there is a strong incentive for policymakers

In advanced economies, attempts by central banks to reflate are increasingly seen as yielding lower benefits (or even costs, as in the case of negative rates) and ‘competitive easing’ by the major central banks is seen as a ‘zero sum game’. But there

It's been a brutal week to be long U.S. dollars but Friday’s nonfarm payrolls report gave investors a glimmer of hope that the long-dollar trade is still alive. Although job growth slowed materially in January, the greenback traded higher against

By Boris Schlossberg at BKForex This Wednesday started out like any other Wednesday in the currency market. There was some mild reaction to Australian data in Asian session trade. During early Europe cable caught a bid after a decent PMI number and

The latest market turmoil signalled growing fears about the outlook of the global economy. These concerns are exacerbated by the overhang of USD-debt that fuels fears about sovereign and corporate defaults, and chokes the recovery. The Eurozone debt

The US dollar turned in a mixed performance last week. Firmer oil and commodity prices more generally helped lift the Australian and Canadian dollars, and many emerging market currencies. These currencies initially extended their gains ahead of the

Amid rising 'Brexit' risk judging from the recent opinion polls, we look to fade GBP/USD rallies on any return to the recent highs in the 1.4350-1.4400 area, targeting sub-1.40 levels in front of the referendum - the date for which is still unknown

December inflation highlights in the PCE report: Prior was 1.3% y/y (revised to +1.4%) Core PCE 0.0% vs 0.1% m/m expected Prior core PCE +0.1% m/m (revised to +0.2%) PCE deflator 0.6% y/m vs 0.6% y/y expected Prior PCE deflator 0.4% y/y PCE deflator

Currency investors should consider selling AUD/CAD this week, advsies Deutsche Bank in its weekly FX pick to clients. "AUD/CAD is overvalued given differentials in the terms of trade and short-term rates, as well as global volatility gauges. The

By Boris Schlossberg "News doesn't matter." If I had a dollar for every time I heard a retail trader say those words I could start my own FX brokerage. It always amazes me when I meet many otherwise intelligent people who are convinced that the only

The war on cash is escalating faster than many had imagined. Having documented the growing calls from the elites and propagandist explanations of the "benefits" to their serfs over the last few years, with China, and The IMF entering the "cashless

The breakdown from currency analysts at Morgan Stanley: USD: Not a US Story. Bullish. Dollar strength continues to be driven more by what is happening outside the US rather than what's happening in it. Ongoing stresses and uncertainties in emerging

BOE releases it's latest FX volume report Average daily volume -13% in Oct from Apr Lowest FX volumes since Oct 2012 FX spot turnover -24% since April to $737bn per day EURUSD volumes drop 17% to $640bn per day AUDUSD +8% USDCNY +3% and now the 8th