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By Kathy Lien, Managing Director of FX Strategy for BK Asset ManagementTypically when there are spikes low in currencies like the ones seen Wednesday in GBP/USD and USD/JPY, investors start to wonder...
USD gets some support from US trade gap narrowing and strong non-manufacturing ISM. GBP weakness continues, CAD underperformingDespite the lack of a catalyst, yesterday’s risk off sentiment...
New York Forex Report: Market attentions turns to the release of the June FOMC meeting minutes this evening. Given the timing of this meeting, which came just ahead of the UK’s EU membership...
Greetings from Dallas. Looks like another terrific morning in the market, with the exception of Gartman declaring himself bearish on oil. Well, that blows. The moment things are looking good,...
Soy dynamics diverse from other grain futuresSoy prices slumped on Tuesday amid improved outlook for crops in US and Brazil and mixed data in China. Soy fell less than 10% from its multi-month high...
Canada’s exports fell 0.7% to $41.1 billion in May. Export volumes declined 2.3% and prices were up 1.6%. Imports decreased 0.8% to $44.4 billion, as volumes were down 0.9% and prices edged up...
The GBP/USD made it to all predicted targets. It was like no-brainer trading. Simply we've had to short into rallies and it's been a free money. Today we might see a rejection from 1.2990-1.3005 as...
The 15 minute EUR/USD Forex chart shows the selloff in the Asian session and the 10 hour trading range. The rally of the past 6 hours is testing the top of the 1st pullback. It is a nested 2 legged...
US Dollar IndexThose that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human...
The Japanese yen continues to move higher on Wednesday. USD/JPY is trading at 100.30, within striking distance of the symbolic 100 level. On the release front, the US will release ISM...
The free fall of the British pound continues with the U.K. economy facing difficult times in the aftermath of Britain's vote to leave the EU-bloc. The huge sell-off in the pound was the biggest story...
EUR/USD is showing little movement on Wednesday, following losses in the Tuesday session. The pair is trading at 1.1060. On the release front, German Factory Orders disappointed with a flat reading of...
London Forex Report: Markets saw risk-off trades across the board yesterday. Global equities dropped and benchmark US government bond yields touched fresh lows yesterday amid concerns over...
Do you remember, when GBP/USD reached 2.1159 in November 2007? Do you remember, when it fell to 1.3502 January 2009? Do you remember when it recovered to 1.7190 July 2014? Well, you better do, because...
EUR/USDBroken head and shoulders pattern Break and retest of the 2016 trendline Broken bear flag Original post