Currency Forecast

Originally published by AxiTraderThe New Zealand dollar, the Kiwi, is lower this morning after the RBNZ surprised markets by keeping a neutral rather than a tightening bias. At 0.6829 it"s trading at...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Two major central banks have monetary policy meetings in the next 24 hours and while no changes to policy are expected, these...

Gold was sold aggressively yesterday failing to re-bounce as the previous metal penetrated several support levels, but managed to hit a break at 1214.30 three-weeks-fresh-lows. Late at night, Trump...

Fundamentals:The conflict between OPEC and US with opposed interest seeking high and lower oil prices becomes clearer as events accelerate, creating high volatility between ups and downs for oil. It's...

The AUDUSD pair suffered an extensive loss in the global economy after the release of the weak sales data on Tuesday. The pair has broken critical support level on the daily chart which is also 61.8...

Originally published by AxiTraderAbout the only good thing I can say about the Australian dollar this morning is that it's becoming so universally unloved it might finally be able to bounce. Yes, I...

Gold dipped yesterday to 1220 but managed to reject bear forces and climbed back to 1236 high, then retreated to 1230 level at which the precious metal found hard time breaking creating a strong...

Originally published by AxiTraderThe Australian dollar rally faltered yesterday even though the NAB business survey suggests a picture of solid growth for the remainder of 2017 which will keep the RBA...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Dollar bulls are in control as Monday's greenback traded higher against all of the major currencies. Their demand took USD/JPY...

AUD/USD extended the bearish momentum for the fifth consecutive session and has been confined within 63-pips price action since Thursday. Last Tuesday, RBA (Reserve Bank of Australia) kept Interest...

EUR/USD gaps upward for second time as French Presidential Elections end with Macron's declared winner, beating Le Pen also for the second as the two candidates fold the final round yesterday. Macron...

Originally published by AxiTraderThe euro rallied last week in both anticipation of the French presidential election by Emmanuel Macron and that such a victory will leave the ECB free and clear to...

Originally published by AxiTraderThe wild ride for the Australian dollar continued Friday when it fell to a low around 0.7367 before recovering to sit above 74 cents - just - against the US dollar...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. It was a great week to be long U.S. dollars versus the Japanese yen and commodity currencies but long dollar trades struggled...