Forex Opinion & Analysis

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Dollar Soars, Jobs Data Smashes Expectations EUR/USD: Reality Sets In CAD: Hit by Weaker Canadian Data AUD: Construction Sector...

The jobs report came out this morning, and I am surrounded by a sea of deliciously red digits. The euro, shown below, continues to get utterly obliterated (cough cough Slope+ readers cough cough) and...

Overview Two events have taken centre stage this week with the ECB press conference combining with a substantially better than expected non-farm payroll report (295K vs. Exp. 235K, Prev. 257K, Rev....

In 37 years of trading, “US Jobs Day” was always one of the highlights of the month. The graph below shows the NFP releases over the last 12 months with emphasis on the surprise element as...

After breaking below 1.10 to set a new eleven year low at 1.0987 on Thursday evening, the euro is officially flirting with entering the next leg lower on its path to potential parity against the USD....

The aussie has been consolidating in a sideways phase since making new lows on February 3. Eventually the pair is expected to break down out of the range and continue lower in line with the dominant...

Cable has broken out of a rising wedge formation and resumed its dominant down-trend. It is now established in the new trend, running lower at a rapid pace, and expected to continue in this fashion. ...

The EUR/USD pair has resumed its dominant down-trend and continued lower towards the next support shelf at the S2 monthly pivot at 1.0941. It is moving lower, quite rapidly, and I would expect it to...

Daily Briefing speechCurrencies EUR/USD: The pair is trading below its downward trend line on a 30 minute time frame. The next resistance is at 1.1191 and the support is at 1.0852. USD/JPY: The pair...

An interesting morning for traders so far, with the London session well under way, and what is perhaps revealing is the continued rise in the US dollar intra-day, with no evidence of a pause ahead of...

Yesterday the Bank of England (BoE) announced it would hold its key interest rate at a historic low of 0.5%, and keep the size of its quantitative easing asset-purchasing program at £375...

EUR/USD The euro probed below 1.10 support for the first time since Sep 2003, after ECB revealed details of bond-buying programme. Strong bearish tone persists on all timeframes and sees scope for...

EUR/USD – Bearish Price Action Below Resistance (4hr chart)Another day of losses for the Euro yesterday, briefly taking out the 1.10 barrier before bouncing slightly above it. We are now at 2003...

EUR/USDRisk reward: 2.59Volatility: HighDown at 1.1030 Limit 1.1062 Target 1.0947USD/JPYRisk reward: 2.25Volatility: HighUp at 119.94 Limit 119.62 Target 120.66GBP/USDRisk reward: 2.47Volatility:...