weekly forex preview

The week ahead is relatively quiet on the economic front as the markets are likely to take a breather from the Trump rally. The lack of economic data shifts focus to the FOMC meeting minutes which stands out against a quiet week from the US…

The markets enter a crucial week with both economic and political decisions weighing on traders. The US general election is now just one week away which will remain in the backdrop for the markets. The monetary policy meetings from the RBA,…

The US dollar will be taking a backseat for the most part of the week with the ECB and Bank of Canada monetary policy meetings on tap. In the US, the third and final presidential debate is due on October 20th with key issues such as economy…

The currency markets will be looking to a slow start next week with Japan, US and Canada closed for business on Monday. However, the action kicked off early with the second US Presidential debate late Sunday (Eastern Standard Time). On the…

The Japanese yen was again at the front coming out as the top performing currency last week. Gaining over 1.37% against the US dollar, the yen rallied mostly on the dollar weakness after last week's ISM services report. Following the yen…

The British pound closed the week as the top currency gaining 1.38% relative to the US dollar. The gains came on a surprise improvement in the UK's manufacturing PMI. Although construction PMI still showed a contraction, the better than…

The Australian dollar was the weakest currency last week as the AUD gave up the gains logged earlier in the week after posting a weekly high to 0.7749. Following the AUD was the US dollar which continued to post steady declines for two…

After closing the week before as the top performing currency, the US dollar fell against its peers turning out to be the weakest currency for the week ending July 29. The dollar turned weaker after the FOMC statement failed to convince…

The British pound was the top performing currency last week with most of the gains coming after the BoE left interest rates unchanged against market expectations. The political developments in the UK also attributed to the GBP's gains over…