Forex

The Japanese yen may have fallen from grace as the Bank of Japan went ultra-easy with its monetary policy. But things started to change as the USD/JPY pair started to move downward, showing the yen’s strength against the U.S. dollar. The U.S. Federal Reserve’s dovish tone recently added…

Canada, the world’s 11th-largest economy, will see a debt crisis and ensuing recession within one to three years, says a leading economist. This will likely impact the Canadian dollar. Steve Keen, a professor of economics who writes for Forbes, pointed to Canada as one of seven countries in…

What Lies Ahead for the Euro to Dollar With a three-percent gain over last month, the euro to dollar certainly looks like it’s on a path to recovery. Another encouraging sign is that the EUR to USD exchange rate finally broke above its 200-day moving average, but I…

Bail on the Euro to Dollar Exchange Rate Whereas the European Central Bank’s (ECB) continued monetary easing was not enough to make a major dent in the EUR/USD exchange rate, Tuesday’s bombings in Brussels might. The euro to dollar exchange rate is now US$1.12, edging ever closer to…

Bad News for the British Pound The bears attacked the British pound on Tuesday like a “Bear” on Leonardo DiCaprio, hungry for the actor’s long-awaited Oscar. The GBP to USD exchange rate dropped more than a full percentage point against the dollar and the euro. The financial sector…

2For those Canadians who may be reading this, don’t get overjoyed because the Canadian dollar has seemingly been strengthened 12% since mid-January. Instead, hold back on your spending—the loonie will soon fall back 15%. James Price, a portfolio manager at Richardson GMP Asset Management, told Bloomberg TV that…

Venezuela Waging PR War on Bitcoin Bitcoin is shaking up the Internet, but some governments may be trying to shut it down. Venezuela is in a slow-motion economic collapse. Failed policies have pushed the nation toward bankruptcy, sparking a wave of hyperinflation. To protect their wealth, savers have…

More Upside for the Canadian Dollar? The CAD to USD exchange rate has shot up too fast and Société Générale advises investors to buy the loonie because more appreciation is expected. Royal Bank of Canada projects more recovery for the Canadian dollar as well. The CAD to USD…

Hard Times for Euro to Dollar Exchange Rate It’s become ridiculously easy to forecast the euro to dollar exchange rate. It’s not that I’m brilliant or anything; it’s just that central banks on both sides of the pond make it really obvious. They telegraph their intentions for the EUR…

Clouds over British Pound The British pound has stabilized after a week marked by the respective interventions of the U.S. Federal Reserve and the Bank of England. Better-than-expected industrial and manufacturing results in the U.K. have failed to boost the GBP to USD exchange rate. The pound sterling…

Canadian Dollar Forecast 2016 It’s an open secret that the Canadian dollar was the best short play of 2015. The CAD to USD seemed caught in a never-ending downward spiral, but it has since found some support in the last month. Now investors want to know if the…

Big Problems for the Euro to Dollar Exchange Rate The eurozone is heading toward a more challenging period. The euro to U.S. dollar exchange rate could be about to hit parity. On March 10, the European Central Bank (ECB) could adopt lower interest rates alongside other monetary easing…

Any Hope for the CAD to USD? If you live in Canada or own Canadian dollars, then last year must have been horrible for you. The CAD to USD looked like Wile E. Coyote falling off a cliff. Every time investors thought the loonie couldn’t fall further, it…

The Canadian dollar has been going strong in recent weeks. Even a solid jobs report from the U.S. couldn’t stop the upward trend in the CAD to USD exchange rate. The question now is this: will this trend continue for the loonie? CAD-USD Just Broke Above a Critical…

Can the Japanese Yen Recover? For the first time in nearly four years, it looks like the Japanese yen could end the year higher than it began. It’s not entirely clear what this means for the Japanese economy, but there’s one thing we can say with confidence: the…

Things seem to be going better for the Australian dollar. After plunging more than 10% last year, the AUD to USD exchange rate is experiencing a nice comeback. Australia posted a better-than-expected gross domestic product (GDP) report on Wednesday, which only added fuel to the fire. On the…

Any Hope for the EUR to USD? When I look at the euro to dollar exchange rate these days, an old phrase comes to mind: “We must substitute courage for caution.” Those words were spoken decades ago, but they have just as much meaning when applied today. First…