Currency Analysis & Opinion

In today's forex forecast, we look at the technical charts for GBP/USD, USD/CAD, USD/JPY, EUR/USD, EUR/GBP and Gold (XAU/USD), with Steven Woodcock, Senior FX Analyst at PlutusFX, and Zak Mir,...

General market themeOn Friday price action in the major instruments was rather limited and with volatility at low levels we didn’t notice any changes in the technical outlook of the instruments...

Overview of Last Week’s Forecast - EUR/USD was predicted to move down to the central line of the ascending channel that started to form last December and is now clearly visible on W1. The pair...

General market themeOver the past 24 hours volatility has definitely eased in the currency markets, and even though we’ve had a couple of important fresh news and reports, they didn’t have...

Next week could be a big one for the EUR/GBP due to the large number of market-moving economic data from both the UK and the Eurozone, and the ECB’s policy meeting on Thursday. In addition,...

Yesterday’s Trading: On Thursday the euro/dollar was touching the support at around 1.1233. Bouncing off the 135th gradient, the euro at one moment rose to 1.1294 after the Bank of England...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. At the start of the week, we said the Canadian and Australian dollars could hit new multi-month highs and now that these...

Market OverviewThe dollar continues to strengthen, as market sentiment surrounding China has taken a shot in the arm. The reason that the Fed has reduced the speed of its tightening of monetary policy...

General market themeAn impressive pickup in momentum and volatility over the past couple of days is the most important development in the money markets and equally important to note is the fact that...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The U.S. dollar traded higher against all of the major currencies Wednesday and its strength in the face of exceptionally weak...

General market themeVolatility in the currency markets picked up pace yesterday, and as we move further in the week the attractiveness of the price action in the major instruments increases by the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Since the beginning of the year, commodity currencies have been on a tear and after a brief dip, the Canadian, Australian and...