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Originally published by AxiTraderThe Australian dollar is lower this morning sitting around 0.7560 after a convergence of weaker than expected GDP data, a stronger US dollar, weaker metals prices, a...
Originally published by AxiTraderThe Australian dollar did really well yesterday on the back of the combination of a nice bounce back in retail sales, partial indicators which point to a solid GDP...
Originally published by AxiTraderUSD/CAD is looking increasingly bearish. While a daily close below the key support level at 1.2670 was avoided, a clear break seems only a matter of time. Support...
Originally published by AxiTraderToday is the day when two worlds collide for the Australian dollar. Or at least they could be. I say that because not only do we get the Reserve Bank of Australia...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Between the Senate’s tax-bill vote and the Flynn-Trump-Russia confusion, the U.S. dollar should be trading sharply higher....
Originally published by AxiTraderChanges in FX speculative positioning were modest last week. Speculators cut their long euro positions slightly, from 95k to 90k net. However, the recent break above...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The last month of the year kicked off with a bang. Currencies, equities and Treasuries were hit by major intraday volatility...
Originally published by AxiTraderThe Australian dollar is sitting at 0.7563 this morning. That's only down 0.06% which is just three-fifths of not very much. But the fact that the Aussie couldn't hold...
Originally published by AxiTraderCopper is down again this morning amid what's been another day of falling prices across global metals markets. The Aussie US 2 and 10-year spreads likewise are down...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Although the U.S. dollar traded higher against all of the major currencies with the exception of euro and sterling, the...
Originally published by AxiTraderIt's been a wild few hours for currency traders this morning with the combination of competing news about sterling, a North Korean missile launch and the passage of...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar traded higher against most of the major currencies Tuesday but early gains fizzled on Fed Chair nominee Jerome...
Originally published by AxiTraderThe Aussie dollar is setting up to try to break higher. But last's night's rally into the mid 0.7640's failed after the US dollar found its footing and started to...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Mondays are typically volatile days in the forex market because traders adjust their positions after the weekend and initiate...
Pivot: 1.3305Our preference: long positions above 1.3305 with targets at 1.3360 & 1.3375 in extension. Alternative scenario: below 1.3305 look for further downside with 1.3280 & 1.3255 as...