Currency Forecast

Originally published by Guppytraders.comThe Australian dollar challenged the long term resistance level near 81 and then failed to develop a new uptrend. The retreat took the Australian dollar back...

Originally published by AxiTraderSentiment giveth. And sentiment taketh away. That's the story for the Australian dollar, which was riding high on the back of yesterday's superb print of the NAB...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The confidence of everyone from equity market investors to dollar bulls have been shaken by the latest White House exits. On...

Originally published by AxiTraderThe Australian dollar, along with its kiwi and Canadian dollar cousins, was levitating at up at 0.7872 this morning and not far from the highs of the past 24 hours as...

Originally published by AxiTraderMy system generated a sell order on the Australian dollar on Friday morning. I placed it at 0.7768 but it was never triggered because the AUD/USD low was 0.7775...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Friday’s U.S. jobs report did not have a significant impact on the FX market outside of reinforcing the positive momentum...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Thursday's worst-performing currency was the euro, which unwound two day's worth of gains versus the U.S. dollar on the back of...

Originally published by AxiTraderThe Aussie dollar has done extremely well in the past 24 hours recovering from a Gary Cohn resignation and weaker than expected GDP induced low of 0.7771 to sit at...

Originally published by AxiTraderAs I highlighted in my Markets Morning this morning I thought the RBA governor was mildly dovish in yesterday's statement. Throw in the big miss on retail sales miss...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.All of Tuesday's major currencies traded higher against the U.S. dollar except for the Japanese yen and Swiss franc. USD/JPY in...

Originally published by AxiTraderAt 0.7762 this morning the Australian dollar is down about 10 points from where it was at 0.7772 yesterday morning as I wrote my daily outlook. When I wrote that...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Thanks to a more 330-point recovery in the Dow Jones Industrial Average most of the major currency pairs traded higher on...

Originally published by AxiTrader0.7772. Not exactly strong but not exactly weak either. Or certainly not as weak as the Australian dollar could get if this tariff and trade spat turns into a...

Originally published by AxiTraderThe latest CFTC report showed that large speculators have maintained their bearish outlook for the US dollar. Euro positioning jumped from 126k to 138k net long, an...