Forex Opinion & Analysis

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Are you confused about why EURO is hovering near its March highs ahead of Thursday’s monetary policy meeting? Don’t...

Something Very Strange Is Happening.The US Dollar Index is positioned ominously, pressing toward another confrontation with its flattening 200-Day EMA -- now at 96.75 -- and heading into Thursday's...

As expected, the first major central-bank “decision” of the week was not much of a decision at all. Earlier this morning, the Bank of Canada opted to leave interest rates unchanged at...

GBP/AUDGBP/AUD falls since 5 weeks. Correction has to occur in all trends even in one as strong as this. Current level gives a chance that a rebound may occur at the moment. Price reached support in...

New York Forex Report: Equity markets were higher over early European trading today, mapping moves in oil, which saw Crude rallying to retrace half of yesterday’s $2 loss. Main focus over the US...

The Australian dollar has posted strong gains on Wednesday, as AUD/USD trades at 0.7490 in the North American session. On the release front, Australian Westpac Consumer Sentiment posted a weak reading...

As I return to the desk after a much-needed vacation, I’m struck by the big risk-on move markets have seen over the last couple of weeks: US equities are up nearly 10% from the mid-February...

I have been saying over the past week that the EUR/USD daily chart was transitioning into a trading range that would probably last at least a couple of weeks. I wrote that a trading range has legs up...

This week we have the ECB meeting, with analysts predicting further forms of QE by reducing deposit rates, which should weaken the EUR. Of recent, we've seen Commodities prices rebound, in particular...

The Canadian dollar appears vulnerable. It remains firm while the US two-year premium over Canada has risen sharply. Like others, we do not expect the Bank of Canada to cut rates today and are looking...

AUD/USDCurrently we are 0.7475 near the top. We are looking to continue to the Day chart resistance at 0.7544 and then DOWN to the 0.217 Fibo at 7352. The trend is your friend till it bends and we are...

NZD/USD has posted gains on Wednesday, erasing the losses from the Tuesday session. In the European session, the pair is trading at 0.6780. In economic news, it’s a busy day at the Royal Bank of...

The British pound is awaiting economic dataOn Tuesday the Head of the Bank of England, Governor Mark Carney, spoke in the British Parliament against the UK exit from the EU (Brexit). The national...

AUD/NZD breaks above important resistanceYesterday, important resistance at 1.0970 was broken. Price was for the last time at a such high level on December 2015. Currently AUD/NZD is reaching 1.1080,...