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By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Friday’s Federal Reserve monetary policy report failed to have a significant impact on the dollar. Many hoped that it...
Originally published by AxiTraderThe Australian dollar is at an interesting juncture on the 4-hour charts this morning after bouncing nicely from the lows around 0.7789 to an overnight high around...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The sellers are back and they have driven the U.S. dollar lower against all of the major currencies. Thursday’s move had...
Originally published by AxiTrader78 cents. That's roughly where the Australian dollar finds itself today after trading up to a high of 79 cents less than 24 hours ago. Indeed it traded back up to...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Volatility ripped through the financial markets in the last 2 hours of NY trade on Wednesday. The Dow, which was up more than...
Originally published by AxiTraderThe Australian dollar is at a four-day low as it slipped below support at 0.7890 overnight as buyer emerged to bid the US dollar after Friday's key reversal on the...
With U.S. markets closed for Presidents Day and most of Asia off for Chinese New Year, it was no surprise to see quiet trading yesterday in the FX market. The U.S. dollar, which was hit hard last...
Originally published by AxiTraderWhile the last trading week was a poor one for the US dollar, large speculators appear to be slightly more optimistic about the outlook for the currency. The latest...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.EUR/USD had a great run this past week but the sell-off on Friday screams of a deeper reversal. Technically, the rally stopped...
Originally published by AxiTraderThe Australian dollar has had a bit of volatility over the past 24 hours as discussions about bond spreads and yesterday's solid, but not spectacular, jobs data in...
by Noreen BurkeAs nations look to scale back monetary stimulus without pushing the value of their currency higher, at a time when inflation remains stubbornly low, it appears the stakes have been...
Originally published by AxiTraderMy report this morning is easy to write. The Australian dollar was higher this morning because the US dollar can't take a trick, even though the Aussie, among other...
Originally published by AxiTraderUSD/JPY just broke below another major support level at 107.30. While the daily RSI is showing already oversold conditions, there are no signs that the correction is...
Originally published by AxiTraderThe Australian dollar didn't get a sustainable lift from either the really strong NAB monthly business survey or weakness in the US dollar in the past 24 hours....
Originally published by AxiTraderThe new trading week started with slightly higher risk appetite and improved market sentiment. Stocks caught a bid, while the safe havens came under pressure. If the...