Author: David Song

AUD/USD Mounts Larger Rebound Following Failed Run at May 2017 Low

AUD/USD Mounts Larger Rebound Following Failed Run at May 2017 Low

AUD/USD may continue to retrace the decline from earlier this month as it snaps the recent string of lower highs & lows after failing to test the May 2017 low (0.7329).

USD/JPY Forecast: Failure to Test May-High to Fuel Larger Pullback

USD/JPY Forecast: Failure to Test May-High to Fuel Larger Pullback

USD/JPY may continue to consolidate over the remainder of the week as the recent advance in the exchange rate fails to produce a test of the May-high (111.40).

USD/CAD Rally at Risk on Strong Canada Consumer Price Index (CPI)

USD/CAD Rally at Risk on Strong Canada Consumer Price Index (CPI)

Updates to Canada’s Consumer Price Index (CPI) may curb the recent advance in USD/CAD should the data print boost bets for an imminent Bank of Canada (BoC) rate-hike.

Weak New Zealand 1Q GDP Report to Fuel NZD/USD Losses

Weak New Zealand 1Q GDP Report to Fuel NZD/USD Losses

Updates to New Zealand’s GDP report may fuel the recent decline in NZD/USD as the growth rate is projected to slow to an annualized 2.7% from 2.9% in 4Q 2017.

Wait-and-See Bank of England (BoE) to Sap GBP/USD Rebound

Wait-and-See Bank of England (BoE) to Sap GBP/USD Rebound

More of the same from the Bank of England (BoE) may drag on GBP/USD as market participants scale back bets for an imminent rate-hike.

NZD/USD Rate Outlook Mired by Bear-Flag Formation

NZD/USD Rate Outlook Mired by Bear-Flag Formation

The NZD/USD exchange rate stands at risk of giving back the advance from late last year as a bear flag formation unfolds.

EUR/USD Forecast: Rebound at Risk on More Dovish ECB Rhetoric

EUR/USD Forecast: Rebound at Risk on More Dovish ECB Rhetoric

EUR/USD is back under pressure as the ECB strikes a dovish tone, with the pair at risk for further losses as the Governing Council is in no rush to normalize monetary policy.

USD/JPY Rate Carves Bearish Series Amid Escalating US-China Trade War

USD/JPY Rate Carves Bearish Series Amid Escalating US-China Trade War

USD/JPY stands at risk of extending the decline from earlier this week as the escalating trade war between the United States and China drags on market sentiment.

EUR/USD Rate Outlook Mired by ECB’s Zero Interest Rate Policy (ZIRP)

EUR/USD Rate Outlook Mired by ECB’s Zero Interest Rate Policy (ZIRP)

The recent rebound in EUR/USD unravels, with the exchange rate at risk for further losses as the European Central Bank (ECB) remains in no rush to normalize monetary policy.

Post-FOMC USD/JPY Weakness to Persist as Bullish Sequence Snaps

Post-FOMC USD/JPY Weakness to Persist as Bullish Sequence Snaps

Recent price action in USD/JPY raises the risk for range-bound conditions as the dollar-yen exchange rate snaps the series of higher highs & lows from earlier this week.