Forex Opinion & Analysis

GBP/USD is turning up very sharply from 1.5000 psychological level, so new three wave rally is now underway. We are tracking wave 2 once again that can be headed up to 1.5150-1.5180 area where...

The remarkable events of this week fall on Thursday’s FOMC Meeting and Non-Farm data on Friday. The EUR is under strong bearish sentiment with the influence of QE policy in Eurozone as well as...

Chinese PMI data out today showed that manufacturing output remains subdued in the world’s second largest economy. The official manufacturing PMI fell slightly to 49.6 in November, falling short...

Since 2012 there is a huge volatility at EUR/CAD. Clear trends last many months, and later there is no consolidation, but new dynamic trends. Since August 2015 from 1.5560 level there is a downward...

Canadian Current Account Deficit Shrinks in Third QuarterThe loonie was higher versus the USD after the Canadian current account balance posted a 16.2 billion deficit. The deficit shrank from last...

Weekly Large Trader COT Report: CurrenciesA quick update on the latest weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Monday due to the...

Build up to the RBA: December the 1st? Wow, somebody tell me where 2015 went?!With today also the 1st Tuesday of the month, the Reserve Bank of Australia meets today for what is expected to be a...

The Currency Score Difference analysis is the more extensive explanation on the Currency score analysis which was also published this week. Besides these analyses and the corresponding charts I also...

When looking at the Top 10 in the Monthly Ranking and Rating list we can see that for the coming month the following stronger currencies are well represented for going long: USD(4X) followed by the...

GBP/USD: Having triggered a higher close on Monday, GBP/USD targets further bullish corrective recovery in the days ahead. Support lies at the 1.5000 level where a break will turn attention to the...

I had the privilege of being on CNBC to discuss the significance of China being included in the IMF's Special Drawing Right. Here is the link to the discussion. The decision was announced shortly...

We have finally come to the witching month for the market. From this day onwards, liquidity will decline and will have the knock-on effect of reluctance to increase positions. Normally this...

Key Highlights · British Pound tested the 1.5000 support area against the US dollar and bounced back sharply. · The GBP/USD pair recovered well, and currently trading near a major...

By Kathy Lien, Managing Director of FX Strategy for BK Asset ManagementFor the past 3 months investors have been agonizing over 2 events -- the December ECB and FOMC rate decisions. In the next 2...