Currency Analysis & Opinion

Though I managed to get the overall theme right in last month's review, some points were not as important or as direct as I would have hoped. The market has basically held within the range established...

An interesting daily chart. We are actually only 29 tics above where I last wrote (1.0620 then versus 1.0649 now) on a closing basis, despite the large move on the upside. I had expected a possible...

On Friday we finally saw the pound bounce from the lows we had seen over the last 4 weeks, which was welcomed by many clients who are currently selling the pound. The reason for the boost was the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The first quarter has come to an end and it was a tough one for the U.S. dollar. Even a rate hike by the Federal Reserve failed...

Market OverviewThe reflation trade has been a key feature of market moves in recent weeks. However the euro is coming under increasingly corrective pressure as inflationary pressures are beginning to...

CAD/JPY CAD/JPY recently reversed upward from the demand zone between the support level 82.40, the lower Bollinger Band® and the 50% Fibonacci retracement of the bullish impulse (C) from last...

Market participants looking for fireworks were left disappointed when the UK government officially started the process of leaving the EU on Wednesday. The pound has weakened a tad against the US...

Market OverviewThe dollar has looked to regain some footing in the market in the past few days, but there is still an interesting degree of support for safe haven plays that are nagging away. There is...

GBP/NZD GBP/NZD continues to descend following the earlier reversal from the distribution area between the resistance level 1.7960 that has been steadily inverting the price from last October and the...

In a historic moment today, Theresa May has delivered the UK exit letter to her European Union colleagues, officially starting the Brexit process today. With so much uncertainty hanging over the UK...

Market OverviewJust over nine months after the momentous EU referendum, the UK is set to trigger Article 50 today. This means that around 1230BST the UK will have officially served the EU the letter...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Will Wednesday’s Brexit Article 50 trigger be much ado about nothing for the British pound? Judging from sterling's recent...

Yesterday saw the US dollar manage to bounce back a little shortly after the New York open, while US stock indices filled their weekend gaps as they recovered from heavy losses. Perceived safe-haven...

Market OverviewIn most trending moves there will be minor bumps in the road. The dollar looks to be trending lower now but a minor rally into the close last night has just posed a few questions. Are...