Currency Analysis & Opinion

This is an exceptionally busy week in the foreign-exchange market with an economic calendar filled with market moving events outside of U.S. borders. However in the second day of trade the greenback...

The US open did little to shake things up this Tuesday, the Dow Jones et al. belatedly reacting to the weekend’s North Korea nuclear escalation. The Dow fell 50 points after the bell, taking the...

North Korea tensions have again dominated the agenda at the start of this week and will continue to remain a major obstacle facing risk-sensitive assets in the near-term. The economic calendar is...

There really wasn’t a lot going on this morning, despite the latest round of European services data. The main news was that the UK services figure hit an 11 month low of 53.2. That tips the trio...

Market OverviewAs the US returns from Labour Day, market sentiment remains cautious with tensions over North Korea still at the forefront of traders’ minds. The US is looking for the UN to take...

Since the last RBA statement, we have seen some positive factors feeding into what should be another cautiously optimistic outlook on both the global and domestic economy. With much reference to the...

USD/INR: Trend Down? My idea propositioned last time of the whole of April-to-date being a very Large Halfway Hesitation sill holds. We are up on the month but the rally mid-month did not manage to...

AUD/USD: Trend? From last time: What can we expect? If it does follow the Bearish scenario then the first test will be the nearby 50% Fib support at 0.7817 followed by the overall move's 50% Fib at...

EUR/GBP: Trend Up ? As mentioned last time: The Bullish June-July Andrews Pitchfork still seems valid but as we are nearing the Upper Tine (currently 0.9088) resistance then I'd urge caution. This...

GBP/USD: Trend Up? I dropped the bullet point above into mildly bullish last time because I was concerned about three things: 1) The Key Reversal Down on the day of the high at 1.3265, 2) The failure...

EUR/USD: Trend Up Last time I outlined three options for the market. These were centred around the brilliant Tines of the March - April Bullish Andrews Pitchfork which has been so effective in giving...

After another 'interesting' non farm payrolls report, we start the week on a quiet note as the US observes the Labour Day holiday and Canada day speaks for itself. Plenty of volatility to expect...

First, a review of last week’s forecast:EUR/USD. Recall that, although a quarter of oscillators were already signaling that this pair had been overbought, the bulk of them, supported by 100% of...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar is strong and the market’s reaction to what was an unquestionably weak jobs report is a testament to its...