Forex Opinion & Analysis

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. By now, everyone knows that the European Central Bank went above and beyond expectations and in response, the euro soared and...

After massively disappointing traders’ high hopes back in December, “Super” Mario Draghi and company were not going to make the same mistake again. Expectant traders and analysts...

New York Forex Report: Today we await the ECB Monetary Policy decision at 1245GMT, which will be followed by ECB Chief Mario Draghi’s Press Conference. The consensus seems to be looking for...

The EUR/USD sold off from its test of the February 25 sell climax high on the daily chart. The bears see the overnight strong selling as a bear breakout of a double-top bear flag (the double top was...

The tone of the Bank of Canada’s announcement was mostly neutral and even positive regarding the steady growth of exports in sectors unrelated to energy. There was no negative mention of the...

NZD/USD has posted gains on Thursday, following sharp losses in the Wednesday session. NZD is trading at 0.6670 in the North American session. In economic news, the RBNZ surprised the markets with a...

A sense of unease scatters across the financial markets ahead of the heavily anticipated European Central Bank (ECB) press conference on Thursday in which the ECB is broadly expected to unleash...

The Australian dollar has posted gains on Thursday, continuing the upward movement in the Wednesday session. AUD/USD is trading at the 0.75 line early in the North American session. On the release...

CAD/JPYCurrently we are 85.98 near the top. We are looking to continue to the Range top @ 87.00 and maybe to the Day chart resistance @ 87.63. Look for the reversal at one of these areas. The average...

EUR/JPY: Having the cross turned higher on recovery on Wednesday, further upside momentum is likely in the days ahead. Support comes in at the 124.00 level where a break will aim at the 123.50 level....

The big day for the euro finally arrived, and market participants are hoping that Draghi will put an end to the euro's recent lethargy. The EUR/USD traded recently more or less sideways accompanied by...

USD/JPY has posted slight gains on Thursday, as the pair trades at 113.60 in the European session. Japanese numbers disappointed, as Preliminary Machine Tool Orders posted a sharp decline of 22.6%....

The Australian dollar brief rise above the US75c mark was stopped in it’s tracks after a fall in the iron ore price yesterday erased almost half of this week’s stellar gains.After jumping...

Investors are preparing themselves for today’s mammoth European Central Bank (ECB) decision. In a few hours the market will get to see if President Draghi again “overpromises and...