Currency Analysis & Opinion

Yesterday was an eventful day in the markets: US stocks were higher, but off their best levels; gold was also up while crude oil gave up its earlier gains. In FX, the US dollar was mostly weaker but...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Investors have been skeptical of the Fed’s hawkishness in the days leading up to Janet Yellen’s testimony and when...

Over the past week and a half, market participants have been forced to reduce their Bank of England rate hike expectations due to the recent soft patch in UK economic data. Last week saw the UK...

EUR/JPY has been rising steadily in the past trading sessions, gaining 1.16% since the beginning of the semester.During the Asian session, the pair hovered around yesterday’s high at 130.766 and...

The US dollar was once again pressured on Tuesday afternoon as ongoing doubts about further interest rate hikes by the Federal Reserve were intensified by dovish comments from a key Fed official. Fed...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Wednesday is a big day in the foreign-exchange market, particularly for the U.S. and Canadian dollars. The price action of these...

AUD/NZD opened with a marubozu candlestick, without approaching yesterday’s low as clearly showed by the HLOC indicator.The currency pair gaind 0.50% since the beginning of the month, and our...

Though the US dollar received a boost late last week after a better-than-expected US jobs report, the Canadian dollar was boosted even more by a Canadian jobs report that far exceeded expectations,...

Yesterday offered a quiet start to a busy week in the foreign exchange market with volatility focused on what we’ll dub as wild Wednesday. The day kicks off with the UK’s labor report...

The week after the US jobs report in recent months has been a mixed one for the USD, and will be no more so next week after headline employment was once again tempered by ongoing sluggish wage growth....

Market OverviewFriday’s US Employment Situation report has done little to change the market’s view that a third 2017 hike will be seen. The dollar continues to make ground after the strong...

GBP/JPY continues to rise inside the –D- leg of a possible daily ABCD pattern about to reach completion.The currency pair gained 0.52% so far since the beginning of the semester and our Market...

First, a review of last week’s forecast:- EUR/USD. As a result of a powerful breakthrough in late June, the pair reached the upper boundary of the side channel in which it has been moving for...

Today’s stronger job reports from the US and Canada caused both dollars to bounce nicely against most currencies, most notably the Japanese yen. The latter was already weak after the Bank of...