Forex

Time to Bail on the Australian Dollar? After months of resilience against the U.S. dollar, it’s time to go short on the Aussie. The AUDUSD outlook dropped after the Australian central bank cut its interest rate on Tuesday by a quarter-point to 1.75%—the lowest ever for the bank.…

The Canadian dollar seems to be on the rise. Since dipping below $0.69 in January, the CAD to USD exchange rate has surged more than 15%. But before you rush out and buy the loonie, here are a few things to note. Outlook Is Bleak for CAD/USD Economic…

More Downside for the Euro to Dollar Exchange Rate The EURUSD outlook has been rising this week, returning to 1,125 after dropping to the lowest level so far this April (around 1,121) at the end of last week. There are a number of factors pointing to bullish pressure…

The European Central Bank (ECB) is having another meeting on Thursday, April 21. How will it affect the euro to dollar exchange rate (EUR/USD)? This Could Be Bad News for the EUR-USD Well, to be honest, the tone has already been set. And it’s not the announcement that’s…

Is the Canadian Dollar Doomed? Beware if you are bullish on the Canadian dollar. The CAD to USD exchange rate is up roughly 10% year-to-date, but only take this with a grain of salt—there could be major downside ahead. There are essentially three reasons why being bullish on…

More Downside for the Canadian Dollar Oil prices have rebounded for the past few weeks, accounting for the depreciation in the USD to CAD exchange rate, which found support at US$1.28417. The downward trend of the Canadian dollar has few chances of reversing, given the sustained upside potential…

Here’s How the EUR to U.S. Dollar Exchange Rate Gets to Parity Since the beginning of 2016, the EUR to USD pair has increased more than five percent. Don’t trust this rally too much. The euro to U.S. dollar exchange rate could be headed towards parity—and 2016 could…

The GBP/USD has dropped below $1.41 after bearish data about the U.K. trade deficit. The GBP/USD, or the “cable” as currency enthusiasts call it, was going for a rally on Thursday. Still, the trend promptly reversed and given the prevailing market sentiment, it remains negative. The British pound…

Major Downside for the Euro to Dollar Exchange Rate The euro could drop against the dollar, as the European Central Bank (ECB) will put on the brakes again. The EUR/USD had moved in favor of the euro recently, rising to new heights over the past five months. The…

Is There Any Hope for the Canadian Dollar? I remember when the Canadian dollar was at parity with the U.S. dollar. It was, after all, only a few years ago that the CAD to USD exchange rate was sitting at an even $1.00, so what exactly happened in…

Downside for the British Pound The GBP to USD exchange rate has bounced back, bolstering the dollar in back-and-forth volatility reminiscent of a tennis match. After building strength last week, the British pound has started to reflect the Bank of England’s zero rate. In a report published yesterday,…

Forecasting the Euro to Dollar For the last few months, I’ve predicted that the EUR to USD exchange rate would hit parity by 2017. However, things have gotten worse in Europe and I’m starting to think we may see even wider-than-expected losses in the euro to dollar. Although…

CAD to USD Depends on Oil The Canadian dollar has found some much-needed strength in the last month or so, but we don’t actually know if the CAD to USD exchange rate can maintain this bullish run. After all, the economy is still facing real threats that won’t…