Currency Forecast

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The meltdown in the forex market on Friday is a reminder of why you shouldn’t be sleeping at the wheel in the month of...

Originally published by AxiTraderQUICK SUMMARYIt is almost here folks. The day US dollar bulls have been waiting for, the break of the range and the move to higher levels. We aren’t there yet...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar traded higher against all of the major currencies Thursday despite softer-than-expected inflation data....

Originally published by AxiTraderQUICK SUMMARYThe drift in Sterling continues as traders worry that a hard Brexit is indeed on its way. At 1.2882 it’s getting closer to the bottom of the current...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.These days, all of the action in the forex market seems to be driven by the moves in Asia. On Tuesday night, the Japanese yen...

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...

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...

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...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar appreciated against all of the major currencies today except for the Japanese yen. Better-than-expected jobless...

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...

Originally published by AxiTraderQUICK SUMMARYThe US dollar is a little stronger in index terms this morning sitting at 94.49. That's mostly on the back of the post-BoJ surge in USD/JPY (and a little...

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...