Currency Forecast

Originally published by AxiTraderQUICK SUMMARYThe US dollar came under some pressure overnight. Chinese foreign exchange reserves weren’t the event they might have been given they actually rose...

Originally published by AxiTraderQUICK SUMMARYThe US dollar has had an okay night. That’s especially the case against the pound which has made a new low for this run after more worries about a...

The first week of August was a fairly good one for the US dollar.The greenback appreciated against all of the major currencies with the exception of the Swiss franc, Australian and Canadian dollars....

Originally published by AxiTraderQUICK SUMMARYOn currency markets, the release of the non-farms at 157k was a range reinforcer I tweeted at the time and I retain that view for the moment. Indeed the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Like the Federal Reserve’s monetary policy announcement, the U.S. nonfarm payrolls report failed to help the dollar. The...

Originally published by AxiTraderQUICK SUMMARYThe US dollar was stronger against everything but the yen overnight. Euro is back under 1.16 at 1.1584 for a loss of 0.64%, the yen is at 111.64 roughly...

Originally published by AxiTraderQUICK SUMMARYThe euro is lower by 0.3% as it– like many pairs – reverses off recent range tops. It’s at 1.1663 this morning as we wait now for...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The rally in the U.S. dollar fizzled following the Federal Reserve’s monetary policy announcement. The decline in the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Of all the central bank monetary policy announcements this week, the outcome of the Federal Reserve’s will be the least...

Originally published by AxiTraderQUICK SUMMARYThe US dollar is weaker. The US Dollar Index has lost 0.33% to 94.36 with the Euro gaining a similar amount to regain 1.1700 – German and Spanish...

Originally published by AxiTraderThe latest positioning data from the CFTC showed a notable increase in yen short positions. Net positioning now stands at 74k short vs 59k short previously, an...

Originally published by AxiTraderQUICK SUMMARYThe US dollar didn’t get much of a lift from the 7.1% nominal and 4.1% real Q@GDP because the real number was both lower than expectations and also...

Originally published by AxiTraderQUICK SUMMARYThe US dollar caught a bid after both the durable goods print and Mario Draghi’s press conference where he reiterated the ECB is still on the same...

Originally published by AxiTraderQUICK SUMMARYEuro is higher this morning by 0.44% at 1.1733 and just below resistance. GBP/USD is up around the same amount at 1.3195 while USD/JPY has now only fallen...