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By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Even as U.S. rates tumbled on Tuesday, USD/JPY refuses to fall. It broke above 112, hit a high of 112.30 and spent nearly all...
GBPThe UK Q1 GDP release disappointed, printing an increase of 0.3% compared with consensus expectations of a 0.4% gain and a 0.7% gain for the previous quarter. The services sector reflected a sharp...
Spat over dinner meeting marks divisionsWhat was intended to be a private dinner between Theresa May and Jean-Claude Juncker last week has seemingly laid the foundations of division over Brexit. It is...
As expected, the RBA kept the interest rate in Australia at 1.5%. The decision was published today at 04:30 (GMT).The volatility in the pair AUD/USD at the time of the decision was about 20 points....
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The first week of May is generally a difficult one for forex trading. Many markets are closed on May Day (May 1) and Japan...
Last time, I moved the bullish bullet point above down a notch with a question mark because as I wrote at the time: 'We've stabilised this past week but despite the Bullish Andrews and Schiff...
Last time I wrote: 'There does not at this time appear to be enough strength to form a full DT(Double Top)...the MAs are spent. Additionally, there does not seem to be enough to cause a HH(Halfway...
So many things to write about...let's start with: 'Bearish Bow Tie Formation over the 22nd-23rd of Mar. I say possibly as though the order of exit is correct, it does not look very Bearish nor did the...
Two things to point out from last time! First, the neutral to mildly Bearish aspect I pointed out has been negated by recent action, notably the UK General Election announcement. Secondly, when I...
Last time I wrote the following when looking forward to the action during April... 'it would seem likely early next week to see further attempts lower but the moves to be tempered as we are...
The USD is a favorite currency among traders, and for good reason. First and foremost, currency is the most in demand asset in the world. This causes quite a bit of volatility as there is always...
After another decent week for the pound, the main focus was on Saturday when the EU were to hold their very first "Brexit Summit". The results of this were not too surprising as EU leaders unanimously...
First, a review of last week’s forecast:- When giving the forecast for EUR/USD, 35% of experts and indicators on D1 insisted that it should return to the highs of February and March 2017. This...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. After all of the excitement from the French election, Donald Trump’s “big” tax-reform announcement and the...
The GBP/USD was the obvious choice for traders today ahead of growth figures from both sides of the pond. The cable started the day firm even though economists' expectations were downbeat about the UK...