Currency Forecast

Originally published by AxiTraderQUICK SUMMARYThe ISM manufacturing PMI shot the absolute lights out overnight with a print of 61.3 which was the highest since 2004. Employment was stronger too, as...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Summer may be over but the sun is shining bright on the U.S. dollar. The greenback extended its gains against all of the majors...

Originally published by Guppytraders.comThe breakout in the US dollar appears to have slowed. Investors across the board are eager to determine if this is the end of dollar strength, or just a pause....

Originally published by AxiTraderQUICK SUMMARYBeside the Brexit-induced funk for the pound – which fell 0.7% against the US dollar to 1.2873 and 0.8% against the euro with EUR/GBP at 0.9023...

Originally published by AxiTraderQUICK SUMMARYOn forex markets the big mover was the US dollar, which knocked the euro back below 1.16 (Italy was put on negative outlook by ratings agency Fitch) and...

Originally published by AxiTraderQUICK SUMMARYThe picture today accompanying this note of a cargo ship in a storm was chosen to convey the real risks that traders and investors may have to face if...

Originally published by AxiTraderQUICK SUMMARYThe pound was the big mover against the US dollar and then on the crosses after news the UK and Europe are getting closer to what the EU's Michel Barnier...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.It has been a week of good news in the financial markets and the record-breaking levels in U.S. stocks tell us that investors...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.In the past 2 weeks, we’ve seen a dramatic recovery in the euro. The single currency appreciated more than 4 cents in a...

The US dollar is falling again today, for the third straight session. The fundamental drivers for this current decline are difficult to pinpoint.It could be Fed Chief Jerome Powell's remarks on Friday...

Originally published by AxiTraderQUICK SUMMARY On forex markets the US dollar is under pressure still as traders continue to bet the message Jerome Powell was sending is a dovish one. In fact what...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The biggest story in the markets Monday was President Trump’s trade deal with Mexico. The S&P 500 hit a record high on...

Originally published by AxiTraderQUICK SUMMARY Fed chair Jerome Powell delivered what I read as a solid speech Friday in Jackson Hole. To me he again gave the message that the Fed is data dependent...

Originally published by AxiTraderThe latest positioning report from the CFTC shows that speculators remain confident about the dollar rally. Euro positioning has shifted back to net short for the...