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By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar traded higher against most of the major currencies Tuesday but early gains fizzled on Fed Chair nominee Jerome...
EUR/USD Short-term consolidation before another leg higher EUR/USD is consolidating lower. Hourly resistance is now given at 1.1961 (27/11/2017 high). Hourly support is given at a distance at 1.1554...
by Pinchas CohenIreland, UK Clash on Border; Brexit Talks ImperiledThe pound is falling amid border concerns between the EU's Ireland and the UK's Northern Ireland, a key point that needs to be...
The British pound softened a little yesterday, following some updates regarding the Brexit negotiations and specifically, the issue of the Irish border. Media reports yesterday suggested that Ireland...
Market OverviewForex majors are consolidating today with the focus turning back to US politics and the Fed as market participants look towards a potential key vote in the Senate on US tax reform and...
Brexit hopes rising for no good reasonThe pound made an eight-week high against the dollar yesterday as an irrational expectation for a breakthrough in the deadlock over Brexit washed over traders....
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Mondays are typically volatile days in the forex market because traders adjust their positions after the weekend and initiate...
The euro surged on Friday after the leader of Germany’s SPD party signalled that he is open to the possibility of another “grand coalition” with Merkel’s CDU. The SPD is...
EUR/USD Breaking resistance at 1.1878 EUR/USD is pushing higher. Hourly resistance located at 1.1878 (12/10/2017 high) has been broken. Hourly support is given at a distance at 1.1554 (07/11/2017...
The South African rand took a hit on Friday following the downgrade of the country’s credit rating.Standard & Poor’s lowered further the long-term foreign currency sovereign rating...
The euro/dollar is back to two-month highs despite the fact that the Fed will almost certainly raise rates in December. The pair is now trading above 1.19 dollar for one single euro coin. The ongoing...
May Crashes back to EarthFor 'Tusk and Juncker' read 'Good Cop Bad Cop'The optimism that had been building around the move to stage two of Brexit talks has faded like Autumn mist as European...
After the thin volume by high volatility of last week we could well be looking at more of subdued start to the week as volume returns and US traders returning to their desks try and decipher last...
To begin with, a few words about the forecast for the previous week, which turned out to be accurate either fully or 90% accurate for all four currency pairs:Regarding EUR/USD, we named the forecast...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. U.S. dollar bulls have nothing to be thankful for, as it was a short and brutal week for the greenback. The dollar sold off...