Currency Forecast

Originally published AxiTrader The rally in the Australian dollar is showing first signs of weakness. The resistance at the 76.8 % Fibonacci from the December high to the January low has proven to be...

Originally published by guppytraders.com Tuesday January 1 the Australian dollar crashed to 0.6745 before closing at 0.6915. Thursday January 3 the Australian dollar crashed again to 0.67.41 before...

Data released overnight shows that U.S. President Donald Trump’s tariffs have taken a significant bite out of both China's imports, which dropped 7.6% in December, and exports, which fell 4.4%,...

Originally published by AxiTrader London/NY Wrap: * US Initial Jobless Claims: 216k vs 225k expected* Dovish comments from FOMC member Bullard initially weighed on the US dollar* Bullard is concerned...

Originally published by AxiTrader London/NY Wrap: * Lack of relevant data releases led to a choppy trading session, with equity markets giving up some of the gains from Tuesday morning* Traders remain...

Originally published by AxiTrader The latest CFTC positioning report shows only minor changes in speculative FX positioning. The largest change was seen in yen positioning, where speculators reduced...

Originally published by AxiTrader The CFTC positioning report was released today instead of Friday due to a public holiday last week. The report showed only minor changes in positioning, although...

Originally published by AxiTrader The British pound came under heavy pressure today - following the decision by UK PM May to cancel tomorrow's Brexit vote. It was clear that May would have lost the...

Daily FX Market Roundup 12.06.2018. By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. A convergence of bad news sent equities and currencies tumbling lower. U.S. assets were hit...

Originally published by AxiTrader US dollar was generally higher against its peers as traders turned to safe-haven assets Australian dollar slips further after weak GDP data and remains open to...

Daily FX Market Roundup 12.05.2018. By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. After Tuesday’s nearly 800 point drop in the Dow, investors feared the worst for...

Originally published by AxiTrader The latest CFTC report shows that large speculators remain long US dollar across the board. Nevertheless, they may find it more difficult to maintain those positions...

Daily FX Market Roundup 11.29.18 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. By now, everyone knows that President Trump and President Xi agreed to a 90-day trade truce in...

Originally published by AxiTrader US Manufacturing and jobs data will be pivotal this week, as will further speeches by Fed Officials Australian dollar could be poised for further gains if equity...