Currency Forecast

Originally published by Guppytraders.comThe most significant feature on the EUR/JPY chart is the breakout above resistance near 123.5. This signals an important sustained change in the trend. The...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Tuesday's biggest forex story was the euro's strong rally. The single currency broke above 1.10 and came within a few pips of...

EUR/USD currently 1.1014, only 3-pips behind to overpass 8th of May's highs since Macron was elected with a continuous re-bounds and rejection for 20-EMA at 1.088. The pair is supported by a strong...

GBP/USD remained neutral bias trading yesterday as PM May spoke to UK citizens, not adding much for Brexit issue but instead, a speech was given, with a mobilizing content with efforts to add more...

Originally published by AxiTraderThe Australian dollar bounced strongly in the past 24 hours as the US dollar came under heavy pressure across the forex universe. Save for the yen that pressure was...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.To the frustration of anyone who believes that USD/JPY should be the purest pro-dollar-anti-dollar trade, the greenback moved...

Gold extended bullish momentum and added +$1.04 since Friday's high with 1232.81 for Monday's trading session. US Retail Sales and CPI, although was positive compared to previous sessions but not up...

Friday, EUR/USD plunged to 1.0855 low after a neutral EU data giving room for U.S Index to climb towards 99.57 high. Later on U.S released an increased Retails Sales and CPI, not up to expectations...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.There’s a serious misalignment between U.S. data, market expectations and Fed speak. Friday’s U.S. economic reports...

Gold recovered from Tuesday's 1214 low and steadied afterwards with an incline destination, maximizing profits with almost $5.50 as the precious metal clocks 1229.96 high for today's session....

EUR/USD is showing dull behavior for the past three days finding support by local data but still pressured by recovering greenback. On Tuesday, the pair was lifted by French and Italian data with a...

Originally published by AxiTraderCould sterling be headed back down toward the mid 1.26 region? That's the question I'm asking myself after GBP/USD came under pressure in the wake fo the Bank of...

Originally published by AxiTraderStocks lower, base metals and iron ore offered, and a growing sense that tightness in the US labour market is going to drive the US FOMC to tighten again in June would...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The Bank of England and Reserve Bank of New Zealand’s monetary policy announcements proved to be a big disappointment in...