Forex Opinion & Analysis

By Kathy Lien, Managing Director of BK Asset Management.Of all the major currencies, the Canadian dollar was hit the hardest in 2015. The loonie lost over 15% of its value versus the U.S. dollar,...

Of course, it’s impossible to write a concise recap of an entire year’s worth of developments in any field, much less the world’s largest market, but we wanted to provide at least a...

USD/JPY: Strong falls which took since the beginning of December were corrected and price returned to December's downtrend. Upward movement (correction) which started December 14 was very dynamic,...

During this holiday period, participation is light and order-driven activity can push prices more than usual. Investors should not let the noise and gyrations obscure the bigger picture. We continue...

S&P 500 is still trading in the sideways price action which we are tracking as a triangle pattern. Wave D seems to be completed and now we are tracking last leg of our triangle, wave E. Recent...

The EUR/USD has been in a trading range since the December 3 bull trend reversal on the 60- and 240-minute charts. Since it is near the top of the range, it will probably test the bottom of the range...

NZD/USDCurrently we are at 0.6844 nearing the top of the channel. We are looking to continue to the double top @ 0.6900 with an overall target to the Day Resistance @ 0.6963. The average daily true...

USD/JPY: Flat, EUR/JPY: LongFriday’s data showed that Japan’s core consumer price index, which includes oil products but excludes volatile fresh food prices, rose 0.1% yoy in November,...

In the end of last week, the GBP/USD pair started correcting up after a fall of the beginning of the week. The pair was pressured by strong USD positions that was in high demand after the expected Fed...

EUR/USD - movement in consolidationSince December 3, EUR/USD moved in a range where its volatility stabilized. Price moves between 1.0800 - 1.1055. Christmas season caused even more reduction in price...

USD/JPYUSD/JPY has mildly retraced from 120.00 psychological levels, which was one of our targets for the bearish scenario we discussed many times earlier. Now, trading below 50% Fibonacci and along...

The U.S. dollar drifted lower against the euro and yen in a shortened trading day for the Christmas holiday on Thursday, though losses were limited as traders were hesitant to make significant moves...

This week the scorecard recommends buying CHF, USD and NOK while selling CAD, SEK and AUD.Last week's signals resulted in a 0.6% loss. Especially the short AUD position was expensive while the long...

GBP/USD has turned bearish in the last two weeks after only three wave bounce from 1.4893 to 1.5240, which was a corrective move; a zigzag. As such, we are bearish on GBP/USD and will expect more...