Currency Forecast

Originally published by GuppytradersThe Australian dollar is challenging the long term resistance level near US$0.81. It challenged these levels in 2017, September, but then fell back to rest lows...

Originally published by AxiTraderAustralia really is the lucky country. We're blessed with a beautiful country, a wonderful population that has integrated wave after wave of immigrants successfully...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The wild swings that we saw in the FX market on Tuesday gave us a taste of the bigger moves that could transpire over the next...

Originally published by AxiTraderThe Australian dollar has done reasonably well overnight holding relatively firm even though the US dollar got a little of its mojo back, stocks sold off, and bonds...

Originally published by AxiTraderThe latest data from the CFTC shows that large speculators have increased their euro long positions by 6k contracts, bringing the net positioning to 145k. The numbers...

Originally published by AxiTraderThe Australian dollar made a new high for this run last week, eclipsing the 2017 high and hitting 0.8135 on what was a wild ride on forex markets. It was all about the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.EUR/USD broke through 1.25 despite European Central Bank President Draghi’s warning that euro volatility creates...

Originally published by AxiTraderThe Australian dollar is back near 81 cents this morning trading at 0.8074 after gaining around 1% in the past 24 hours. It's almost back to the 2017 high. So with the...

Originally published by AxiTrader0.7957, that was about the low overnight as the big drop in copper(-2.5%) and iron ore yesterday(-1.25% but -3% at one stage) weighed on the Aussie dollar causing it...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.It was a volatile day in the foreign-exchange market with the Dollar Index falling to a 3-year low. This decline drove all of...

Originally published by AxiTraderThe Aussie dollar traded up to a high around 0.8027 last night. That's roughly just 5 points below the high for January we saw late last week. The catalyst for the...

Originally published by AxiTraderThe latest report from the CFTC showed that speculators have slightly decreased their euro long positions. Nevertheless, net positioning remained elevated at 139k....

Originally published by AxiTraderThe Australian dollar rallied to a high around 0.8038 on Friday as the US dollar came under a little pressure and as a combination of factors continued to support the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.This past week, many major currencies climbed to fresh multi-month and multi-year highs against the U.S. dollar. The Australian...