Currency Forecast

Originally published by AxiTraderWelcome to this week's look at a subset of release late Friday in New York of the CFTC positioning data. In this report, I'll be looking at how positioning has...

Originally published by AxiTraderThe Australian dollar is higher this morning after the poor result of just 138,000 jobs for US non-farm payrolls Friday undermined the US dollar. That print was below...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Friday’s nonfarm payroll report sealed the U.S. dollar's fate. As hiring and wages eased in May, investors scaled back...

Originally published by AxiTraderThe Australian dollar came under heavy pressure again yesterday after more concerns were raised that Q1 GDP could print negative and after the release of the Caixin...

Gold peeked yesterday to 1274.13 with expectation for further advances as market over-passed 1270 level (R1), and closed at 1268.85. But as previous retreats for gold abandoning 1270 level and 1275...

Crude oil surged yesterday to 49.69 high and touched its 50-EMA which signaled a bullish momentum build-up, but as market failed to sustain the highs, and closing at 48.61 below its 200-daily-EMA, the...

Originally published by AxiTraderThe US dollar lost ground again last night as the euro and sterling broke higher leaving the US Dollar Index near its lowest levels for May and back below 97. But even...

Originally published by AxiTraderThere is little doubt that under the leadership of president Xi Jinping Chinese authorities are trying to restructure their economy away from its intensive focus on...

With absence of economic data on both Sterling and US dollar, the pair should trade technically.Trend: Bearish /Sideways (H1) Pivot: 1.2835 Preferable scenario: Short positions below pivot 1.2835...

EUR/USD plunged yesterday to 1.1109 at which, the pair alerted for trend reversal as the downside prevailed, but as rumors were leaked that the ECB could bring some new measures regarding Quantitative...

Originally published by AxiTraderThe Australian dollar is higher this morning after trading to a low of 0.7417 yesterday. Key to the recovery - mild as it is - to 0.7457 has been the weaker greenback...

Originally published by AxiTraderThe danger of taking the electorate for granted, for circumventing rules aimed at establishing fixed term elections in the UK, and the potential to misjudge the...

There has been a sharp fall in the AUD/USD pair after the FED hike their interest rate prior to the closing of the year 2016. The bearish pressure in the Aussie dollar has been intensified Furthermore...

Gold clocked 1270.50 May-2017-fresh-highs but failed to march forward, hitting a strong resistance with successful test, retreating to 1261.71 low. Technically, gold remains bullish as the yellow...