Currency Forecast

Originally published by AxiTraderWelcome to the Forex Today column. In it, I'll be trying to add a bit more colour and a lot more charts than I do in my broader overnight market Wrap I do first thing...

Originally published by AxiTraderThe tug-o-war continues between the Australian dollar bulls and bears. Having opened Asian trade a little firmer yesterday the Aussie traded up to a high of 0.7948ish...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.It has been an exceedingly quiet day in the foreign-exchange market with currencies trapped in tight 40- and 50-pip ranges. The...

Originally published by AxiTraderThe latest CFTC report showed no major changes in speculative positioning. Overall, speculators decreased their euro long positions somewhat, while adding to...

Originally published by AxiTraderWelcome to the Forex Today column. In it, I'll be trying to add a bit more colour and a lot more charts than I do in my broader overnight Market Wrap I do first thing...

Originally published by AxiTraderThe Australian dollar is opening the week on the back foot today after a combination of RBA rhetoric and a US labour market strength induced recovery in the US dollar...

Originally published by AxiTraderThe Australian dollar is trading a little under 0.7950 this morning after a combination of technicals and the much lower than expected trade surplus yesterday drove it...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.With the Bank of England and Reserve Bank of Australia monetary policy announcements behind us, the focus turns to the U.S....

Originally published by AMP CapitalKey pointsThe Australian dollar has been pushed higher lately by a weaker US dollar, a rebound in commodity prices and technical considerations. The rising...

Originally published by AxiTraderThe Australian dollar made a low around 0.7942 against the US dollar over the past 24 hours. That was a fairly good performance on the one hand as it preserved the low...

Originally published by AxiTraderThe euro is unstoppable. While EUR/USD struggled to maintain momentum above 1.19 today, a test of major resistance at 1.20 seems likely in the near-term. To the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Sterling is trading near a 2-year high ahead of the Bank of England’s monetary policy announcement and this strength along...

Originally published by AxiTraderWelcome to the Forex Today column. In it, I'll be trying to add a bit more colour and a lot more charts than I do in my broader overnight Market Wrap I do first thing...

Originally published by AxiTraderThe Australian dollar is only off around 0.4% from where it was at 7am Tuesday morning. But, at 0.7969, it has lost more than 70 points from yesterday's high around...