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Market OverviewFinancial markets are becoming increasingly cautious as key risk events approach but there there is an ongoing underlying sense of a dollar positive bias in the market. There is a...
The UK economy grew at a quarterly rate of 0.4% last quarter, beating expectations of 0.3%. This was the fastest quarterly pace of growth so far this year, but is still below the 0.6% rate registered...
Brexit Still Pressures GBP/USD, Eyes On UK GDPGBP/USD extends the downtrend momentum for eighth consecutive session after peeking to 1.3227 high yesterday, the pair failed to press forward and hold...
On Tuesday, the US dollar resumed its relatively tight trading range from the previous day, but remained well-supported on the anticipation of more hawkish monetary policy from the Fed and...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar traded higher against all of the major currencies Tuesday as the 10-year Treasury yield rose above 2.4%. ...
Forex Daily Technical Overview 24 Oct 2017GBP/USD Intraday: under pressurePivot: 1.3230 Our preference: short positions below 1.3230 with targets at 1.3155 and 1.3125 in extension. Alternative...
On Monday, USD/CAD rose to key resistance around the 1.2650 level, an important previous turning point for the currency pair that was last reached in late August. Last week, USD/CAD broke out above a...
The US dollar index rose modestly on Monday to fluctuate just under major resistance around the 94.00 handle. This key level has held as resistance since the index broke below it in late July. Since...
The single currency started the week on the back foot as the ECB decision looms. The euro was down roughly 0.30% against the US dollar but lost even more ground against high quality commodity...
The European Central Bank is widely expected to announce a plan to reduce the pace of its monthly asset purchases on Thursday. But at the same time, the ECB may also extend the duration of the QE...
Forex Daily Technical Overview 23 Oct 2017GBP/USD Intraday: the bias remains bullishPivot: 1.3145 Our preference: long positions above 1.3145 with targets at 1.3225 and 1.3260 in...
The Canadian dollar plunged on Friday, following the release of Canada’s inflation data for September. Even though the headline CPI rate rose as expected, the core rate ticked down, indicating...
First, a review of last week’s forecast:- Last week, we were unwilling to give any forecast for EUR/USD pair. Our reluctance proved to be well-founded. Recall that there was a complete discord...
In an otherwise relatively light week for global economic releases, the week ahead will be dominated by two major central bank decisions – the Bank of Canada (BoC) on Wednesday and the European...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar ended the week sharply higher after previous uncertainties never manifested. President Trump has yet to select...