Currency Forecast

Originally published by AxiTraderThe Aussie dollar has done extremely well in the past 24 hours recovering from a Gary Cohn resignation and weaker than expected GDP induced low of 0.7771 to sit at...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.When Gary Cohn’s resignation hit the news wires Tuesday night, the U.S. dollar sold off aggressively against all of the...

Originally published by AxiTraderAs I highlighted in my Markets Morning this morning I thought the RBA governor was mildly dovish in yesterday's statement. Throw in the big miss on retail sales miss...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.All of Tuesday's major currencies traded higher against the U.S. dollar except for the Japanese yen and Swiss franc. USD/JPY in...

Originally published by AxiTraderAt 0.7762 this morning the Australian dollar is down about 10 points from where it was at 0.7772 yesterday morning as I wrote my daily outlook. When I wrote that...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Thanks to a more 330-point recovery in the Dow Jones Industrial Average most of the major currency pairs traded higher on...

Originally published by AxiTraderThe latest CFTC report showed that large speculators have maintained their bearish outlook for the US dollar. Euro positioning jumped from 126k to 138k net long, an...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar extended its slide on Friday when Canada, the European Union and China blasted President Trump’s decision...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.As we feared, the first day of March kicked off with more weakness for currencies and equities. At the start of the NY session,...

Originally published by AxiTraderYou know it's unlikely to have been a good night for the Australian dollar when you see stocks in the US collapsing in the last couple of hours of trade. That's...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Euro, sterling and the Canadian dollar ended the month of February at their lows. The Swiss franc, Australian and New Zealand...

Originally published by AxiTraderOuch. The Australian dollar was - along with its commodity bloc cousins - hammered overnight losing 0.84% as it slipped below 78 cents. That's taken the Aussie back...

Originally published by AxiTraderThe US dollar has recovered following hawkish comments from Fed Chairman Jerome Powell. Could this the beginning of a US dollar recovery? While it is too early to tell...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Thanks to Federal Reserve Chairman Jerome Powell’s unambiguously positive comments on economy, the U.S. dollar moved...