Currency Analysis & Opinion

Ample Liquidity dulls marketYesterday’s budget speech from UK Chancellor Philip Hammond was relatively upbeat in that he predicted growth for 2017 to be 2% and for inflation to peak in mid-2017...

Key Points: Cable retreating towards a key support zone formed by the October low. RSI Oscillator close to oversold. Watch for a retracement back towards the long side in the coming week. The past...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Thanks to the strongest increase in private payrolls since April 2014, the U.S. dollar extended its gains against all of the...

The general consensus going into today’s UK budget is that Chancellor Philip Hammond will disappoint and that the GBP/USD may extend its declines towards 1.20. He is well aware of Brexit risks...

USD/JPY Hikes On Strong U.S. dollar performanceJapanese inaugurated early trading session with data not up to expectations with Final GDP q/q at 0.3% compared to 0.2%, while forecasts were 0.4%....

Crude Oil levels Plunges over Houston Energy Meeting, Eyes on U.S. inventoriesFundamentals:Crude oil levels collapsed on Tuesday with a loss $1.08 per barrel -0.2% over fears of Houston energy meeting...

Market OverviewMarket sentiment has become increasingly cautious as traders appear unwilling to take a view ahead of the ECB monetary policy meeting (tomorrow) and Non-farm Payrolls (Friday) which...

Unlike crude oil, the USD/CAD currency pair has made a somewhat more decisive move of late. It held above 1.30 handle successfully after several tests and finally broke higher to head towards and...

Bitcoin (itBitUSD): A great move up in full Bullish bullet point mode from last month as prices broke through previous all-time highs and made new ones. The only hiccup was the Indecisive Long Legged...

USD/BRL: I moved the bullet point into mildly Bearish last time but I was '...cautious because of the wealth of support nearby.'. This proved to be the case as though (rightly) we headed lower in Feb,...

AUD/USD: The Daily Chart above is an example of why Technical Analysis works and often well. Last month I wrote that 'Overall, favour a further try higher and will change this to a bullish bullet...

USD/JPY: Whilst last time I was right to see a move lower, I was incorrect in looking towards a move to the 109.75 area. Additionally the move lower actually only lasted a few days after my last...

EUR/GBP: Last month I suggested '...we might have a likely try higher than lower or even sideways at the moment. However, I do not think any move up has the ammunition to go much beyond the 0.8710 -...

GBP/USD: So OK - first off, it's nice to call the recent high on the market in my last review ('Personally, it seems to me that the market had recently tried once again up to the resistance 1.2775...