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By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Thursday was an exceptionally active day in the foreign-exchange market with many major currency pairs unwinding...
GBP/USD Intraday: turning down. Pivot: 1.3200 Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3070 in extension. Alternative scenario: above 1.3200 look for further upside...
Originally published by AxiTrader The Australian dollar is sitting at 0.7845 this morning roughly mid-range of some key levels that will indicate where the next 100 to 150 point move will come from as...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Most of Wednesday's major currencies traded higher including the U.S. dollar. Ten-year bond yields are up more than 3bp across...
Originally published by AxiTrader GBP/USD is looking increasingly bearish. The currency pair broke below the trendline from the October low, and is likely to test the major support area between 1.30...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. It should be no surprise to our readers that sterling is on the move. Between potential Brexit headlines, speeches from Bank of...
GBP/USD peeked yesterday to 1.3311 but failed to guard 1.3300 level and dipped to 1.2325 low and closed above 10-EMA at 1.2350 reviving the daily trend to turn bullish, depending on how the pair...
Originally published by AxiTrader EUR/USD is currently consolidating within a triangle pattern. Support at 1.1650 held, but the currency pair ran into strong resistance ahead of 1.19. Speculators have...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. There was very little movement in currencies on Monday and this lack of volatility could be indicative of trading for the rest...
EUR/USD Intraday: under pressure. Pivot: 1.1825 Our preference: short positions below 1.1825 with targets at 1.1775 & 1.1760 in extension. Alternative scenario: above 1.1825 look for further...
Originally published by AxiTrader The latest data from the CFTC showed that there were no dramatic shifts in FX speculative positoning. Speculators added to euro long positions - bringing the net...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. After rising for 4 weeks straight, U.S. dollar bulls have lost control. The greenback sold off against all of the major...
Originally published by AxiTrader The Australian dollar is higher this morning at 0.7823 against a generally stronger US dollar. That the high overnight was around 0.7835 means the Aussie is still...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. It has been a challenging week so far for the U.S. dollar. The greenback lost its value gradually against all of the major...
Originally published by AxiTrader The Australian dollar traded up to a high of 0.7808 during Asian trade yesterday. But it's below that level at 0.7791 this morning in what can only be characterised...