Currencies and Forex Analysis & Opinion

The Canadian dollar is unchanged in the Thursday session. Currently, USD/CAD is trading at 1.2761, down 0.02% on the day. On the release front, Canada releases Manufacturing Production, with the...

GBP/USD Intraday: under pressure.Pivot: 1.3185 Our preference: short positions below 1.3185 with targets at 1.3130 & 1.3110 in extension. Alternative scenario: above 1.3185 look for further upside...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar went on a rollercoaster ride on Wednesday as investors tried to make sense of the latest economic reports. ...

The Canadian dollar has edged lower in the Wednesday session. In the North American session, USD/CAD is trading at 1.2758, up 0.20% on the day. There are no Canadian indicators on the schedule. In the...

EUR/USD bulls were highly occupied yesterday with 143-pips price action and 1.1805 high. Today, the pair extended the upward destination and clocked 1.1852 high, and is currently trading 1.1836...

GBP/USD Intraday: continuation of the rebound.Pivot: 1.3125 Our preference: long positions above 1.3125 with targets at 1.3190 & 1.3230 in extension. Alternative scenario: below 1.3125 look for...

The Canadian dollar has edged higher in the Tuesday session. In the North American session, USD/CAD is trading at 1.2713, down 0.16% on the day. On the release front, there are no Canadian indicators...

EUR/USD Intraday: further advance.Pivot: 1.1660 Our preference: long positions above 1.1660 with targets at 1.1720 & 1.1735 in extension. Alternative scenario: below 1.1660 look for further...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar ended the day steady to higher against all of the major currencies, which is a sign of strength considering that...

The Canadian dollar has edged higher in the Monday session. In the North American session, USD/CAD is trading at 1.2707, up 0.19% on the day. On the release front, Canadian banks are closed for...

GBP/USD Intraday: the downside prevails.Pivot: 1.3175 Our preference: short positions below 1.3175 with targets at 1.3080 & 1.3040 in extension. Alternative scenario: above 1.3175 look for further...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The movements in the forex market this past week confirmed how important tax reform is to the American people, Congress and the...

The Canadian dollar has inched lower in the Friday session. Currently, USD/CAD is trading at 1.2667, down 0.10% on the day. On the release front, there are no Canadian events on the schedule. In the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Nothing had a greater impact on the U.S. dollar this week than Treasury yields and political headlines. Yields moved on the back...