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Market OverviewFinancial markets are getting worked up into a frenzy over the timing of the next Fed rate hike. Forex majors, Treasuries, commodities and equities are all reacting with expectation of...
Key Points: Bank of England likely to keep bank rate steady. Watch for UK Retail Sales data. Cable likely to be volatile during Thursday’s session. The cable was initially buoyant last week...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. If you are looking for volatility, sterling is the currency to trade this week. U.K. inflation, employment and retail sales...
The GBP/USD is dropping from 1.3450 zone on a strong rooftop pattern momentum. The pattern is huge and a sell into rallies could be the option now, provided that bearish momentum on higher time frames...
Market OverviewThere seemed to be a shift in sentiment on Friday on the rhetoric of FOMC member Rosengren, as the market’s collective fear of a Fed rate hike jumped. There have been subsequent...
General market themeOn Friday the focus was on the US dollar as the currency was posting gains across the board against all its major peers. The buck received fresh support from investors without an...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. This past week turned out to be good for the U.S. dollar as the greenback was steady or stronger against most of the major...
The dollar staged a broad-based rally on Thursday to make back some of the losses it had suffered earlier in the week which had been on the back of a poor ISM services PMI reading and last...
The dragon, GBP/JPY pair made a strong move to the upside from 132.00 zone. After hitting 138.35 it dropped and currently its at POC zone 135.22-50 (double bottom, lower price harami, divergence trend...
It is going to be a very important week and a half for the EUR/GBP. The popular currency cross has managed to bounce back after a two-week drop when traders responded to the surprisingly strong...
Market OverviewMarkets are consolidating ahead of another key central bank meeting. This time the European Central Bank (ECB) is ready to announce monetary policy and after signs that the Eurozone...
In today’s technical analysis on markets, we look at the charts for GBP/USD, EUR/GBP, USD/JPY, gold, silver and the FTSE 100, with Clive Lambert, Director at FuturesTechs, and Zak Mir, Technical...
The EUR/USD is stuck between a rock and a hard place. Despite Tuesday’s poor US ISM services PMI and last week’s weaker-than-expected jobs report, the dollar has held its own relatively...
GBP/USD has reeled off five straight winning sessions, but that trend could end on Wednesday, as the pair has posted slight losses. Currently, the pair is trading at 1.3370. On the release front,...
The U.S. dollar slumped against the euro and British pound after the U.S. services sector index unexpectedly dropped to a six-year low, bolstering speculation that the Federal Reserve will stand pat...