Currencies and Forex Analysis & Opinion

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Trading the European Central Bank’s monetary policy announcement on Thursday will be tricky. Not only is it one of...

GBP/USD extends the downtrend momentum for eighth consecutive session after peeking to 1.3227 high yesterday. The pair failed to press forward and hold gains, taking a dip to a 1.3113 low, and closed...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar traded higher against all of the major currencies Tuesday as the 10-year Treasury yield rose above 2.4%. ...

GBP/USD Intraday: under pressure.Pivot: 1.3230 Our preference: short positions below 1.3230 with targets at 1.3155 & 1.3125 in extension. Alternative scenario: above 1.3230 look for further upside...

After a rough week, the Canadian dollar is almost unchanged in the Monday session. Currently, USD/CAD is trading at 1.2634, up 0.04% on the day. On the release front, it’s a quiet start to the...

GBP/USD Intraday: the bias remains bullish.Pivot: 1.3145 Our preference: long positions above 1.3145 with targets at 1.3225 & 1.3260 in extension. Alternative scenario: below 1.3145 look for...

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...

Gold Recovers Seeing Weakness In U.S Dollar, Eyes on U.S DataGold rallied to 1306.10 high on Monday but failed to press forward, and started deep retracements. It ended today with at 1276.70 low,...

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...

GBP/USD Intraday: under pressure.Pivot: 1.3200 Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3090 in extension. Alternative scenario: above 1.3200 look for further upside...

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 Intraday: under pressure.Pivot: 1.3290 Our preference: short positions below 1.3290 with targets at 1.3220 & 1.3180 in extension. Alternative scenario: above 1.3290 look for further upside...

GBP/USD Trading Flat Ahead of UK Inflation DataGBP/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...

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...